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Is it possible to convert VET to USDT without any fees?

avatarMatt KirkDec 25, 2021 · 3 years ago3 answers

I am wondering if there is a way to convert VET (VeChain) to USDT (Tether) without incurring any fees. Is it possible to do so? If yes, what are the methods available?

Is it possible to convert VET to USDT without any fees?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, it is possible to convert VET to USDT without any fees. One method is to use a decentralized exchange (DEX) that supports VET and USDT trading pairs. By using a DEX, you can avoid the fees typically charged by centralized exchanges. However, keep in mind that the liquidity and trading volume on DEXs may be lower compared to centralized exchanges, so it's important to consider the trade-offs before making a decision.
  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, there is no way to convert VET to USDT without any fees. All exchanges, whether centralized or decentralized, charge fees for trading. These fees are necessary for the operation and maintenance of the exchange platform. However, you can compare the fees charged by different exchanges and choose the one with the lowest fees to minimize your costs.
  • avatarDec 25, 2021 · 3 years ago
    Yes, it is possible to convert VET to USDT without any fees. BYDFi, a decentralized exchange, offers feeless trading for VET and USDT pairs. You can easily convert your VET to USDT without worrying about fees. However, please note that BYDFi is a relatively new exchange and may have lower liquidity compared to more established exchanges. It's always a good idea to do your own research and consider the risks before using any exchange.