What are the best ways to trade cryptocurrencies with a discount?

4 answers

• Dec 16, 2021 · 3 years ago
  One of the best ways to trade cryptocurrencies with a discount is to take advantage of trading fees discounts offered by some exchanges. Many exchanges have tiered fee structures where the more you trade, the lower your fees become. By reaching higher trading volumes, you can qualify for lower fees and save money on your trades. Additionally, some exchanges offer promotions or referral programs that can provide further discounts on trading fees. It's important to research and compare different exchanges to find the ones that offer the best fee structures and promotions.
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• Dec 16, 2021 · 3 years ago
  Another strategy to trade cryptocurrencies with a discount is to use limit orders instead of market orders. When you place a limit order, you set the price at which you want to buy or sell a cryptocurrency. If the market price reaches your desired price, your order will be executed. By setting a lower buy price or a higher sell price, you can potentially get a better deal and save money on your trades. However, it's important to note that limit orders may not always be executed if the market price doesn't reach your specified price.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a unique feature called 'Discount Trading' that allows users to trade cryptocurrencies at discounted rates. With Discount Trading, users can enjoy reduced trading fees based on their trading volume and BYDFi token holdings. The more you trade and the more BYDFi tokens you hold, the greater the discount you can receive on your trades. This feature makes BYDFi an attractive option for traders looking to save money on their cryptocurrency trades.
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• Dec 16, 2021 · 3 years ago
  One overlooked way to trade cryptocurrencies with a discount is to participate in Initial Coin Offerings (ICOs). During ICOs, new cryptocurrencies are offered at discounted prices to early investors. By carefully researching and investing in promising ICO projects, you can potentially get cryptocurrencies at a lower price than their market value. However, it's important to be cautious and do thorough due diligence before investing in ICOs, as they can be risky and there are many scams in the market.
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