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What are the best ways to purchase bitcoin without paying any fees?

avatarAung Kyaw SoeDec 17, 2021 · 3 years ago3 answers

I want to buy bitcoin without incurring any fees. What are the most effective methods to purchase bitcoin without paying any fees?

What are the best ways to purchase bitcoin without paying any fees?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the best ways to purchase bitcoin without paying any fees is to use a peer-to-peer exchange. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and associated fees. Some popular peer-to-peer exchanges include LocalBitcoins and Paxful. Simply create an account, find a seller who accepts your preferred payment method, and complete the transaction. Just be sure to do your due diligence and choose reputable sellers with good ratings to ensure a safe and secure transaction.
  • avatarDec 17, 2021 · 3 years ago
    Another option to purchase bitcoin without fees is to use a cryptocurrency mining pool. By joining a mining pool, you can contribute your computing power to the network and earn bitcoin as a reward. This method allows you to acquire bitcoin without directly purchasing it, thus avoiding fees. However, it's important to note that mining requires specialized hardware and can be resource-intensive. Additionally, the profitability of mining depends on various factors such as electricity costs and the current difficulty of mining.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we offer a unique solution for purchasing bitcoin without paying any fees. Our platform allows users to earn bitcoin by participating in decentralized finance (DeFi) activities. By providing liquidity to DeFi protocols or staking cryptocurrencies, users can earn rewards in bitcoin. This way, you can acquire bitcoin without incurring any fees associated with traditional exchanges. Join BYDFi today and start earning bitcoin without paying any fees!