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How can I trade cryptocurrencies on etoro without paying any fees?

avatarManish sharmaDec 14, 2021 · 3 years ago3 answers

I want to trade cryptocurrencies on etoro, but I don't want to pay any fees. Is there any way to trade cryptocurrencies on etoro without incurring any fees?

How can I trade cryptocurrencies on etoro without paying any fees?

3 answers

  • avatarDec 14, 2021 · 3 years ago
    Unfortunately, etoro charges fees for trading cryptocurrencies. However, there are a few ways you can minimize the fees. Firstly, you can take advantage of etoro's CopyTrading feature, where you can automatically copy the trades of successful traders without paying any additional fees. Secondly, you can consider using limit orders instead of market orders, as limit orders allow you to set the price at which you want to buy or sell, which can help you avoid unnecessary fees. Lastly, you can keep an eye on etoro's promotions and special offers, as they occasionally offer fee-free trading for a limited time.
  • avatarDec 14, 2021 · 3 years ago
    Trading cryptocurrencies on etoro without paying any fees is not possible. Like any other exchange, etoro charges fees for their services. These fees are used to cover the costs of maintaining the platform, providing customer support, and ensuring the security of your funds. However, it's important to note that etoro's fees are competitive compared to other exchanges, and they offer a user-friendly interface and a wide range of cryptocurrencies to trade. So, while you may have to pay fees, you can still enjoy the benefits of trading on etoro.
  • avatarDec 14, 2021 · 3 years ago
    As an alternative to etoro, you can consider using BYDFi. BYDFi is a decentralized exchange that allows you to trade cryptocurrencies without paying any fees. It operates on the Binance Smart Chain and offers a wide range of cryptocurrencies for trading. BYDFi also provides liquidity mining and yield farming opportunities, allowing you to earn additional rewards while trading. However, it's important to do your own research and understand the risks associated with decentralized exchanges before using them.