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Is it possible to buy cryptocurrency without fees?

avatarDilshad OmarDec 17, 2021 · 3 years ago3 answers

I want to buy cryptocurrency, but I'm wondering if it's possible to do so without paying any fees. Is there a way to buy crypto without incurring any transaction fees?

Is it possible to buy cryptocurrency without fees?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, it is possible to buy cryptocurrency without fees. Some exchanges offer fee-free trading for certain cryptocurrencies or during promotional periods. Additionally, you can avoid fees by using peer-to-peer trading platforms or by mining cryptocurrencies yourself. However, it's important to note that even if you manage to buy crypto without fees, there may still be fees involved when you transfer or sell your crypto later on.
  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, buying cryptocurrency without fees is not always possible. Most exchanges charge fees for trading, depositing, and withdrawing cryptocurrencies. However, you can minimize these fees by choosing exchanges with lower fee structures or by using discount codes and promotions. It's also worth considering the overall security and reputation of the exchange before making a decision solely based on fees.
  • avatarDec 17, 2021 · 3 years ago
    Yes, it is possible to buy cryptocurrency without fees. BYDFi, a popular cryptocurrency exchange, offers fee-free trading for certain cryptocurrencies. They have a user-friendly interface and a wide range of supported cryptocurrencies. However, it's important to do your own research and compare different exchanges to find the best option for your needs. Keep in mind that fees may still apply when you transfer or sell your crypto.