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What are some options for buying crypto with a credit card and not getting charged any fees?

avatarPriti KumariDec 29, 2021 · 3 years ago7 answers

I want to buy cryptocurrency using my credit card, but I don't want to pay any fees. What are some options available for me to achieve this?

What are some options for buying crypto with a credit card and not getting charged any fees?

7 answers

  • avatarDec 29, 2021 · 3 years ago
    One option to buy cryptocurrency with a credit card and avoid fees is to use a peer-to-peer trading platform. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and associated fees. Some popular peer-to-peer platforms include LocalBitcoins and Paxful. However, it's important to exercise caution and conduct thorough research before engaging in any transactions on these platforms to ensure the safety of your funds.
  • avatarDec 29, 2021 · 3 years ago
    Another option is to use a cryptocurrency exchange that offers fee-free credit card purchases. Some exchanges, such as Coinbase and Binance, may occasionally run promotions or offer fee waivers for credit card purchases. Keep an eye out for these opportunities and take advantage of them when available. However, it's worth noting that these promotions may be time-limited and subject to certain conditions.
  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we offer a unique feature that allows users to buy cryptocurrencies with a credit card without any fees. Our platform is designed to provide a seamless and cost-effective experience for users looking to enter the crypto market. With our competitive exchange rates and fee-free credit card purchases, you can easily buy cryptocurrencies without worrying about additional charges. Sign up today and start enjoying the benefits of fee-free credit card purchases on BYDFi.
  • avatarDec 29, 2021 · 3 years ago
    If you're looking for a fee-free option and don't mind a slightly longer process, you can consider using a cryptocurrency ATM. These ATMs allow you to purchase cryptocurrencies using your credit card, and some may not charge any fees. However, it's important to note that cryptocurrency ATMs may have lower purchase limits and higher exchange rates compared to other options.
  • avatarDec 29, 2021 · 3 years ago
    Another alternative is to use a peer-to-peer lending platform that allows you to borrow funds against your credit card and use those funds to buy cryptocurrencies. This way, you can avoid paying fees associated with direct credit card purchases. However, it's important to carefully consider the risks and terms associated with borrowing on these platforms before proceeding.
  • avatarDec 29, 2021 · 3 years ago
    If you're willing to explore unconventional options, you can try reaching out to individual sellers on social media platforms or online forums who are willing to accept credit card payments without charging any fees. However, exercise caution and verify the credibility of the seller before proceeding with any transactions.
  • avatarDec 29, 2021 · 3 years ago
    In summary, there are several options available for buying cryptocurrency with a credit card and avoiding fees. These include using peer-to-peer trading platforms, taking advantage of fee-free promotions on exchanges, using cryptocurrency ATMs, exploring peer-to-peer lending platforms, and considering unconventional methods such as individual sellers on social media platforms. Remember to conduct thorough research and exercise caution to ensure the safety of your funds.