How can I start trading cryptocurrencies in Canada without paying any commissions?

3 answers

• Dec 19, 2021 · 3 years ago
  One way to start trading cryptocurrencies in Canada without paying any commissions is to use a cryptocurrency exchange that offers commission-free trading. There are several exchanges that provide this service, such as Binance and BYDFi. These exchanges allow you to buy and sell cryptocurrencies without any fees. Simply sign up for an account, deposit funds, and start trading. Keep in mind that while the trading itself may be commission-free, there may still be fees for depositing or withdrawing funds from the exchange. Make sure to read the terms and conditions of the exchange before getting started.
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• Dec 19, 2021 · 3 years ago
  If you're looking to trade cryptocurrencies in Canada without paying any commissions, you can consider using a peer-to-peer trading platform. These platforms connect buyers and sellers directly, eliminating the need for a middleman and associated fees. One popular peer-to-peer platform is LocalBitcoins, where you can find sellers in Canada who are willing to trade cryptocurrencies without charging any commissions. Simply create an account, browse the available listings, and initiate a trade with a seller. Remember to exercise caution and conduct thorough research before engaging in any transactions.
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• Dec 19, 2021 · 3 years ago
  To start trading cryptocurrencies in Canada without paying any commissions, you can also consider using decentralized exchanges (DEXs). DEXs operate on blockchain technology and allow users to trade cryptocurrencies directly with each other, without the need for a centralized intermediary. One example of a DEX is Uniswap, which is built on the Ethereum blockchain. By using a DEX, you can avoid paying commissions to a centralized exchange. However, keep in mind that DEXs may have higher transaction fees compared to centralized exchanges, as they rely on the Ethereum network for processing transactions. Additionally, ensure that you have a secure wallet to store your cryptocurrencies when using a DEX.
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