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What are the best ways to buy cryptocurrency without paying fees?

avatarnaveen yeddulaDec 27, 2021 · 3 years ago4 answers

I'm interested in buying cryptocurrency, but I want to avoid paying any fees. What are the most effective methods to buy cryptocurrency without incurring any fees?

What are the best ways to buy cryptocurrency without paying fees?

4 answers

  • avatarDec 27, 2021 · 3 years ago
    One of the best ways to buy cryptocurrency without paying fees is to use a peer-to-peer exchange. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and their associated fees. Some popular peer-to-peer exchanges include LocalBitcoins and Paxful. However, it's important to exercise caution when using these platforms and only trade with reputable sellers.
  • avatarDec 27, 2021 · 3 years ago
    Another option to buy cryptocurrency without fees is to use 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. Examples of popular DEXs include Uniswap and SushiSwap. Keep in mind that while DEXs generally have lower fees compared to traditional exchanges, they may have higher network fees due to the nature of blockchain transactions.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers a unique feature that allows users to buy cryptocurrency without paying any fees. They achieve this by subsidizing the transaction fees for their users. This means you can buy cryptocurrency without worrying about additional costs. However, it's important to note that BYDFi may have certain limitations and restrictions on the available cryptocurrencies and trading pairs.
  • avatarDec 27, 2021 · 3 years ago
    If you're looking to buy cryptocurrency without fees, you can also consider participating in airdrops and bounty programs. These are promotional activities conducted by blockchain projects to distribute free tokens to users. By completing certain tasks or fulfilling specific requirements, you can earn cryptocurrency without having to pay any fees. Keep an eye on reputable cryptocurrency forums and social media channels to find out about upcoming airdrops and bounty programs.