common-close-0
BYDFi
Trade wherever you are!
header-more-option
header-global
header-download
header-skin-grey-0

How can manual transactions help in avoiding transaction fees in the digital currency space?

avatarShubham VermaNov 28, 2021 · 3 years ago1 answers

What are some ways in which manual transactions can be used to avoid transaction fees in the digital currency space?

How can manual transactions help in avoiding transaction fees in the digital currency space?

1 answers

  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, we believe that manual transactions can be an effective way to avoid transaction fees in the digital currency space. By directly interacting with counterparties, users can negotiate and agree on transaction terms without the need for intermediaries. This can help reduce or eliminate transaction fees imposed by exchanges or platforms. However, it is important for users to exercise caution and ensure the trustworthiness of counterparties before engaging in manual transactions. Users should also be aware of the potential risks associated with manual transactions, such as scams or fraudulent activities. Therefore, thorough due diligence and research are essential when conducting manual transactions on BYDFi or any other platform.