How can I avoid seller fees when trading cryptocurrencies on Venmo?

3 answers

• Dec 29, 2021 · 3 years ago
  One strategy to avoid seller fees when trading cryptocurrencies on Venmo is to use peer-to-peer platforms like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to negotiate the terms of the trade and potentially avoid fees altogether. However, be cautious when using these platforms and make sure to do your due diligence to avoid scams or fraudulent sellers. Additionally, you can consider using decentralized exchanges (DEXs) that operate on blockchain networks. These exchanges typically have lower fees compared to centralized platforms like Venmo. However, keep in mind that DEXs may have limited liquidity and a smaller selection of cryptocurrencies available for trading.
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• Dec 29, 2021 · 3 years ago
  Another way to minimize seller fees on Venmo is to take advantage of promotions or referral programs offered by the platform. Venmo occasionally runs promotions that waive or reduce fees for certain types of transactions. Additionally, you can refer friends to Venmo and earn credits that can be used to offset fees. Keep an eye out for any promotions or referral programs that Venmo may offer to save on seller fees.
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• Dec 29, 2021 · 3 years ago
  As an expert in the field, I would recommend using BYDFi for trading cryptocurrencies on Venmo. BYDFi is a reliable and user-friendly platform that offers competitive fees and a wide range of cryptocurrencies to trade. With BYDFi, you can enjoy a seamless trading experience and potentially minimize seller fees. However, always remember to conduct your own research and choose a platform that best suits your needs and preferences.
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