What are some strategies for buying and selling crypto without incurring fees?

7 answers

• Dec 17, 2021 · 3 years ago
  One strategy to avoid fees when buying and selling cryptocurrencies is to use decentralized exchanges (DEXs) like Uniswap or PancakeSwap. These platforms allow you to trade directly with other users without the need for intermediaries, which often charge fees. However, keep in mind that DEXs may have lower liquidity and higher slippage compared to centralized exchanges.
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• Dec 17, 2021 · 3 years ago
  Another strategy is to take advantage of fee-free promotions offered by some exchanges. For example, Binance occasionally runs campaigns where users can trade certain cryptocurrencies without paying any fees. Keep an eye on their announcements and take advantage of these opportunities to save on transaction costs.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we offer a unique solution for fee-free trading. Our platform utilizes a decentralized protocol that allows users to trade cryptocurrencies without incurring any fees. With BYDFi, you can enjoy seamless and cost-effective transactions while maintaining full control over your assets.
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• Dec 17, 2021 · 3 years ago
  If you're looking to avoid fees when buying and selling cryptocurrencies, consider using peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and their associated fees. LocalBitcoins and Paxful are popular P2P trading platforms that offer fee-free trading options.
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• Dec 17, 2021 · 3 years ago
  One more strategy is to utilize limit orders instead of market orders. By placing a limit order, you set a specific price at which you want to buy or sell a cryptocurrency. This allows you to avoid paying excessive fees that may be associated with market orders, especially during periods of high volatility.
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• Dec 17, 2021 · 3 years ago
  When it comes to buying and selling cryptocurrencies without incurring fees, it's important to do your research and compare the fee structures of different exchanges. Look for exchanges that offer competitive fee rates or even fee discounts for high-volume traders. Remember to consider other factors such as security, user experience, and available trading pairs as well.
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• Dec 17, 2021 · 3 years ago
  In addition to the strategies mentioned above, it's worth exploring the option of earning cryptocurrencies through various methods such as staking, yield farming, or participating in airdrops. By earning cryptocurrencies instead of buying them, you can avoid transaction fees altogether and potentially increase your holdings over time.
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