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How can I avoid fees when using cash app for buying or selling cryptocurrencies?

avatarHolt WynnDec 16, 2021 · 3 years ago3 answers

I want to use the cash app for buying or selling cryptocurrencies, but I'm concerned about the fees. Is there any way to avoid or minimize the fees when using the cash app?

How can I avoid fees when using cash app for buying or selling cryptocurrencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One way to avoid fees when using the cash app for buying or selling cryptocurrencies is to use limit orders instead of market orders. By setting a specific price at which you want to buy or sell, you can avoid the fees associated with market orders. However, keep in mind that limit orders may take longer to execute, especially during periods of high market volatility.
  • avatarDec 16, 2021 · 3 years ago
    Another way to avoid fees is to use a different cryptocurrency exchange that offers lower fees. There are many exchanges available, so it's worth comparing the fees and features of different platforms before making a decision. Some popular exchanges with competitive fees include Binance, Coinbase, and Kraken.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we offer a fee-free trading experience for cryptocurrencies. Our platform is designed to provide users with a seamless and cost-effective way to buy and sell digital assets. With BYDFi, you can avoid the fees typically associated with other exchanges and enjoy a transparent and secure trading environment.