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How can I buy Bitcoin with zero transaction fees?

avatarUJVAL PatelDec 28, 2021 · 3 years ago3 answers

I'm interested in buying Bitcoin, but I want to avoid paying any transaction fees. Is there a way to buy Bitcoin without incurring any fees? I've heard that some exchanges offer zero transaction fees, but I'm not sure how to find them. Can someone please explain how I can buy Bitcoin with zero transaction fees?

How can I buy Bitcoin with zero transaction fees?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure, there are a few ways you can buy Bitcoin with zero transaction fees. One option is to use a peer-to-peer trading platform like LocalBitcoins. On platforms like LocalBitcoins, you can find individuals who are willing to sell Bitcoin directly to you without any fees. Another option is to use a cryptocurrency exchange that offers zero-fee trading. Some exchanges, like Binance, offer zero-fee trading for certain trading pairs. You can check their fee schedule to see if they offer zero-fee trading for Bitcoin. Additionally, some exchanges offer promotions or referral programs that allow you to trade Bitcoin without paying any fees. It's worth checking out different exchanges and platforms to find the best option for zero-fee Bitcoin trading.
  • avatarDec 28, 2021 · 3 years ago
    Buying Bitcoin without transaction fees is definitely possible. One way to do this is by using a platform that offers zero-fee trading. For example, some exchanges like Coinbase Pro offer zero fees for market makers. Market makers are users who provide liquidity to the exchange by placing limit orders. By placing limit orders instead of market orders, you can avoid paying transaction fees. Another option is to look for peer-to-peer trading platforms that connect buyers and sellers directly, without any intermediaries or fees. These platforms often allow you to negotiate the terms of the trade, including the price and any fees involved. Just make sure to do your due diligence and research the platform or exchange before making any transactions to ensure its reliability and security.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we understand the importance of minimizing transaction fees when buying Bitcoin. While we don't offer zero transaction fees ourselves, we can provide some tips on how to minimize fees. One option is to use a cryptocurrency exchange that offers low fees. Look for exchanges that have a transparent fee structure and competitive rates. Another option is to use a peer-to-peer trading platform where you can directly connect with sellers and negotiate the terms of the trade, including fees. Additionally, consider using a wallet that allows you to set custom transaction fees. By setting a lower fee, you may have to wait longer for your transaction to be confirmed, but you can save on fees. Remember to always do your research and compare different options to find the best way to buy Bitcoin with zero or minimal transaction fees.