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How can I buy crypto without paying any fees?

avatarFinch HedrickDec 30, 2021 · 3 years ago3 answers

I want to buy cryptocurrency, but I don't want to pay any fees. Is there a way to buy crypto without incurring any fees? I'm looking for a method that allows me to avoid transaction fees, withdrawal fees, and any other fees associated with buying and selling cryptocurrencies.

How can I buy crypto without paying any fees?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    One way to buy crypto 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. However, be cautious and do thorough research before using a peer-to-peer exchange to ensure the safety of your transactions and funds. Additionally, some exchanges offer promotions or referral programs that waive fees for certain transactions. Keep an eye out for such opportunities to save on fees.
  • avatarDec 30, 2021 · 3 years ago
    If you're looking to buy crypto without fees, consider using a decentralized exchange (DEX). DEXs operate on blockchain technology and allow users to trade directly with each other without the need for a centralized authority. This eliminates many of the fees associated with traditional exchanges. However, keep in mind that DEXs may have lower liquidity and fewer trading options compared to centralized exchanges. It's important to do your own research and choose a reliable DEX platform.
  • avatarDec 30, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that offers fee-free trading for certain cryptocurrencies. They have a wide range of supported coins and provide a user-friendly interface. However, it's important to note that BYDFi may not be available in all countries. Make sure to check if BYDFi is accessible in your region and comply with any applicable regulations. Remember to always do your own research and consider factors like security, reputation, and user reviews before choosing an exchange.