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What are the best ways to buy bitcoin without commission?

avatarAnmol SinghDec 17, 2021 · 3 years ago4 answers

I'm interested in buying bitcoin without paying any commission fees. What are the most effective methods to do so?

What are the best ways to buy bitcoin without commission?

4 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the best ways to buy bitcoin without commission is through peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing commission fees. Some popular P2P platforms include LocalBitcoins and Paxful. You can find sellers who are willing to sell bitcoin without charging any commission fees. However, it's important to exercise caution and conduct thorough research before engaging in P2P trading to ensure the safety of your transactions.
  • avatarDec 17, 2021 · 3 years ago
    Another option to buy bitcoin without commission is by using cryptocurrency exchanges that offer zero-fee trading. Some exchanges, like Binance, offer specific trading pairs with zero trading fees. By taking advantage of these pairs, you can buy bitcoin without paying any commission. However, it's important to note that these zero-fee trading options may have certain limitations, such as limited trading volume or availability. Make sure to check the terms and conditions of the exchange before making any transactions.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, also provides a way to buy bitcoin without commission. They offer a unique feature called 'Zero Fee Trading' where users can trade bitcoin without paying any commission fees. This can be a great option for those looking to buy bitcoin without incurring additional costs. However, it's important to do your own research and consider factors such as security, liquidity, and user experience before choosing an exchange.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for a commission-free option and prefer a more private and anonymous method, you can consider using Bitcoin ATMs. These ATMs allow you to buy bitcoin directly with cash, and some of them offer commission-free transactions. However, it's worth noting that Bitcoin ATMs may have higher fees compared to other methods, so it's important to check the fees and exchange rates before making a transaction.