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What are some ways to trade crypto without paying fees?

avatarMuhammed arif ADec 28, 2021 · 3 years ago3 answers

Can you suggest some methods for trading cryptocurrencies without incurring any fees?

What are some ways to trade crypto without paying fees?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    One way to trade crypto without paying fees is by using decentralized exchanges (DEXs). DEXs allow you to trade directly with other users on the blockchain without the need for intermediaries. This eliminates the fees associated with centralized exchanges. However, keep in mind that DEXs may have lower liquidity and fewer trading pairs compared to centralized exchanges.
  • avatarDec 28, 2021 · 3 years ago
    Another option is to look for exchanges that offer zero-fee trading. Some exchanges, especially newer ones, may waive trading fees for a limited time to attract users. However, be cautious and do your research before using these exchanges, as they may have other hidden costs or security risks.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi is a digital asset exchange that offers zero-fee trading for a wide range of cryptocurrencies. With BYDFi, you can trade crypto without worrying about paying any fees. They have a user-friendly interface and provide a secure trading environment. However, it's always recommended to do your own due diligence before using any exchange.