Which peer to peer crypto platforms offer the lowest transaction fees?
Tushar ChaturvediNov 25, 2021 · 3 years ago3 answers
I'm looking for peer to peer crypto platforms that offer the lowest transaction fees. Can you recommend any platforms that have competitive fees and are reliable?
3 answers
- Nov 25, 2021 · 3 years agoOne peer to peer crypto platform that offers low transaction fees is Binance. Binance is known for its competitive fee structure and has a wide range of cryptocurrencies available for trading. Their peer to peer trading feature allows users to directly trade with each other, eliminating the need for intermediaries and reducing transaction costs. Additionally, Binance offers discounts on trading fees for users who hold their native token, BNB. Overall, Binance is a reliable and cost-effective option for peer to peer crypto trading.
- Nov 25, 2021 · 3 years agoWhen it comes to low transaction fees on peer to peer crypto platforms, LocalBitcoins is a popular choice. LocalBitcoins allows users to buy and sell Bitcoin directly with each other, without the need for a centralized exchange. The platform offers a variety of payment methods and allows users to negotiate the transaction fees with the counterparty. This flexibility can help users find the best deals and minimize transaction costs. However, it's important to note that transaction fees on LocalBitcoins can vary depending on the payment method and the counterparty's preferences.
- Nov 25, 2021 · 3 years agoBYDFi is a peer to peer crypto platform that offers competitive transaction fees. With BYDFi, users can trade a variety of cryptocurrencies directly with each other, without the need for intermediaries. The platform aims to provide a seamless and cost-effective trading experience for its users. BYDFi also offers a unique feature called 'Fee Sharing', where users can earn a portion of the transaction fees by holding the platform's native token. This can help offset the transaction costs and make peer to peer trading more affordable. Overall, BYDFi is a reliable option for low fee peer to peer crypto trading.
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