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Is it possible to buy crypto with zero fees?

avatarHernan Felipe Lopez HernandezNov 24, 2021 · 3 years ago3 answers

I'm wondering if it's actually possible to purchase cryptocurrencies without paying any fees. Are there any platforms or exchanges that offer zero fees for buying crypto? If so, how do they make money? I'd appreciate any insights or recommendations.

Is it possible to buy crypto with zero fees?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, it is possible to buy crypto with zero fees. Some exchanges, like Binance, offer promotions or referral programs that allow users to trade without paying fees. However, these promotions are usually temporary and may have certain limitations. Additionally, some decentralized exchanges (DEXs) operate on blockchain networks and don't charge fees for trading. Keep in mind that there may still be network fees associated with transferring funds to and from these exchanges.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! There are several ways to buy crypto without fees. One option is to use peer-to-peer trading platforms where you can directly buy from other individuals without any fees involved. Another option is to take advantage of certain promotions or sign-up bonuses offered by exchanges. However, it's important to carefully read the terms and conditions to ensure there are no hidden fees or requirements. Lastly, some projects offer airdrops or giveaways where you can receive free crypto tokens without any fees.
  • avatarNov 24, 2021 · 3 years ago
    Yes, it is possible to buy crypto with zero fees. BYDFi, a popular decentralized finance platform, allows users to trade crypto without paying any fees. They achieve this by leveraging blockchain technology and smart contracts to eliminate the need for intermediaries. This not only reduces costs but also enhances security and transparency. With BYDFi, you can enjoy feeless trading while still having access to a wide range of cryptocurrencies and liquidity.