What are the best ways to buy crypto without fees?

3 answers

• Dec 19, 2021 · 3 years ago
  One of the best ways to buy crypto without fees is to use a peer-to-peer exchange. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. Examples of popular peer-to-peer exchanges include LocalBitcoins and Paxful. Just be sure to do your due diligence and choose reputable sellers with good ratings and reviews. Another option is to take advantage of fee-free promotions offered by certain exchanges. Some exchanges periodically run promotions where they waive fees for a limited time. Keep an eye out for these promotions and take advantage of them when they are available. Lastly, you can consider mining cryptocurrencies as a way to acquire them without fees. However, mining can be resource-intensive and may not be suitable for everyone. It's important to do thorough research and consider the costs and benefits before diving into mining. Remember, while these methods can help you avoid fees, there may still be other costs involved, such as network fees or transaction fees. Make sure to factor these in when making your decision.
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• Dec 19, 2021 · 3 years ago
  If you're looking to buy crypto without fees, one option is to use a decentralized exchange (DEX). DEXs operate on blockchain technology and allow users to trade directly with each other without the need for intermediaries. This eliminates the fees associated with centralized exchanges. Some popular DEXs include Uniswap and SushiSwap. However, keep in mind that DEXs may have lower liquidity and fewer trading pairs compared to centralized exchanges. Another way to avoid fees is to use a credit card that offers cashback or rewards for cryptocurrency purchases. Some credit cards have partnerships with cryptocurrency platforms and offer incentives for using their cards to buy crypto. Check with your credit card provider to see if they offer any such benefits. Lastly, you can try negotiating fees with a cryptocurrency broker. Some brokers may be willing to waive or reduce fees for large volume trades. It never hurts to ask and see if you can negotiate a better deal. Remember, fees are just one factor to consider when buying crypto. It's also important to consider factors like security, user experience, and available trading pairs when choosing an exchange or method.
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• Dec 19, 2021 · 3 years ago
  One of the best ways to buy crypto without fees is to use the BYDFi exchange. BYDFi is a decentralized exchange that offers fee-free trading for its users. With BYDFi, you can trade cryptocurrencies without worrying about paying any fees. The platform is user-friendly and offers a wide range of trading pairs. Additionally, BYDFi has a strong focus on security, ensuring that your funds are safe while you trade. Give BYDFi a try and experience fee-free crypto trading today!
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