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How can I avoid fees when sending money with cryptocurrency?

avatarRanushan RachuNov 24, 2021 · 3 years ago3 answers

I want to send money using cryptocurrency, but I don't want to pay high fees. How can I avoid fees when sending money with cryptocurrency?

How can I avoid fees when sending money with cryptocurrency?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    One way to avoid fees when sending money with cryptocurrency is to use a peer-to-peer exchange. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. However, be cautious when using peer-to-peer exchanges, as they may have less security measures in place compared to traditional exchanges.
  • avatarNov 24, 2021 · 3 years ago
    Another option to avoid fees is to use a cryptocurrency wallet that supports low-cost or feeless transactions. Some wallets offer features like SegWit and batch transactions, which can help reduce fees. Additionally, you can choose cryptocurrencies with lower transaction fees, such as Litecoin or Nano, instead of Bitcoin or Ethereum.
  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we understand the importance of avoiding high fees when sending money with cryptocurrency. That's why we offer feeless transactions for our users. With BYDFi, you can send money without worrying about fees eating into your funds. Join BYDFi today and experience feeless cryptocurrency transactions.