What are some tips for buying bitcoin without incurring fees?

5 answers

• Dec 17, 2021 · 3 years ago
  One tip for buying bitcoin without incurring fees is to use peer-to-peer exchanges. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. Some popular peer-to-peer exchanges include LocalBitcoins and Paxful. Just make sure to do your due diligence and research the reputation of the sellers before making a transaction.
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• Dec 17, 2021 · 3 years ago
  Another tip is to look for exchanges that offer zero-fee trading. Some exchanges, like Binance, offer zero trading fees for certain trading pairs. Keep in mind that these zero-fee options may have limitations or conditions, so it's important to read the terms and conditions carefully.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers a way to buy bitcoin without incurring fees. They have a unique fee structure that allows users to earn rewards that can be used to offset trading fees. Users can stake their native token to earn these rewards. It's a great way to save on fees while participating in the BYDFi ecosystem.
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• Dec 17, 2021 · 3 years ago
  If you're looking to buy bitcoin without fees, consider using a cryptocurrency debit card. These cards allow you to load your bitcoin onto the card and use it for everyday purchases. Some popular cryptocurrency debit card providers include Wirex and BitPay. Just be aware that there may be fees associated with card issuance or transactions.
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• Dec 17, 2021 · 3 years ago
  One more tip is to use limit orders instead of market orders when buying bitcoin. With a limit order, you set the price at which you want to buy bitcoin, and the exchange will execute the trade when the price reaches that level. This can help you avoid paying unnecessary fees that may be associated with market orders.
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