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How can I start trading cryptocurrencies without paying any fees?

avatarMeldgaard DoughertyDec 17, 2021 · 3 years ago3 answers

What are some strategies to start trading cryptocurrencies without incurring any fees?

How can I start trading cryptocurrencies without paying any fees?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One strategy to start trading cryptocurrencies without paying any fees is to use a decentralized exchange (DEX). DEXs allow users to trade directly with each other without the need for intermediaries, which eliminates the fees associated with traditional exchanges. Some popular DEXs include Uniswap and SushiSwap. However, it's important to note that DEXs may have higher slippage and lower liquidity compared to centralized exchanges.
  • avatarDec 17, 2021 · 3 years ago
    Another way to avoid fees when trading cryptocurrencies is to take advantage of fee-free promotions offered by some exchanges. These promotions often allow users to trade certain cryptocurrencies without paying any fees for a limited time. Keep an eye out for such promotions and take advantage of them to minimize your trading costs.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers a unique feature called 'Zero Fee Trading' where users can trade cryptocurrencies without paying any fees. This can be a great option for those looking to start trading without incurring any costs. However, it's important to do your own research and consider factors such as security, liquidity, and user experience before choosing an exchange.