What are some ways to buy crypto without paying fees?

3 answers

• Dec 29, 2021 · 3 years ago
  Sure, there are several ways to buy crypto without paying fees. One option is to use a decentralized exchange (DEX) like Uniswap or PancakeSwap. These platforms allow you to trade directly with other users without the need for intermediaries, which can help you avoid fees. Another option is to look for exchanges that offer fee-free trading promotions. Some exchanges periodically run promotions where they waive trading fees for a limited time. Additionally, you can try peer-to-peer trading platforms like LocalBitcoins or Paxful, where you can directly buy crypto from other individuals without any fees. Lastly, you can consider mining cryptocurrencies as a way to acquire them without paying fees. However, keep in mind that mining requires significant investment in hardware and electricity costs, so it may not be suitable for everyone.
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• Dec 29, 2021 · 3 years ago
  No fees? Sounds too good to be true! But there are actually a few ways to buy crypto without paying fees. One option is to use a platform like Robinhood or eToro, which offer commission-free trading for cryptocurrencies. These platforms make money through other means, such as charging for premium services or earning interest on users' cash balances. Another option is to use a credit card that offers cashback rewards on purchases. By using a credit card that offers cashback on crypto purchases, you can effectively offset any fees that you would have incurred. Just make sure to pay off your credit card balance in full each month to avoid interest charges. Lastly, you can try negotiating with a seller directly on peer-to-peer marketplaces like LocalCryptos or Bisq. By negotiating with the seller, you may be able to find someone willing to sell crypto without charging any fees.
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• Dec 29, 2021 · 3 years ago
  One way to buy crypto without paying fees is by using BYDFi. BYDFi is a decentralized finance platform that allows users to trade cryptocurrencies without any fees. It uses an automated market maker (AMM) model, which eliminates the need for traditional order books and allows for feeless trading. Additionally, BYDFi offers liquidity mining programs, where users can earn rewards for providing liquidity to the platform. By participating in these programs, users can effectively buy crypto without paying any fees. However, it's important to note that BYDFi is just one option among many, and there are other platforms and methods available for feeless crypto trading.
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