What are the fees associated with peer to peer crypto buying?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to peer to peer crypto buying, there are generally two types of fees to consider: transaction fees and platform fees. Transaction fees are charged by the network for processing the transaction and can vary depending on the cryptocurrency being traded. Platform fees, on the other hand, are charged by the peer to peer platform itself for facilitating the transaction. These fees can vary from platform to platform and are usually a percentage of the transaction amount. It's important to research and compare different platforms to find the one with the most competitive fees for your needs.
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• Dec 17, 2021 · 3 years ago
  Peer to peer crypto buying usually involves lower fees compared to traditional exchanges. This is because there is no intermediary involved, which eliminates the need for additional fees. However, it's important to note that fees can still vary depending on the platform you choose. Some platforms may charge higher fees for added features or services, while others may offer lower fees as a competitive advantage. It's always a good idea to read the platform's fee structure and terms of service before engaging in peer to peer crypto buying.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we believe in providing a transparent and fair fee structure for peer to peer crypto buying. Our platform charges a flat transaction fee of 0.5% for each trade. This fee covers the costs associated with processing the transaction and maintaining the platform. We strive to offer competitive fees while ensuring a secure and reliable trading experience for our users. If you have any further questions about our fees or the peer to peer crypto buying process, feel free to reach out to our support team.
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