Is it possible to make profits from trading crypto with no fees?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, it is possible to make profits from trading crypto with no fees. One way to do this is by using decentralized exchanges (DEXs) that operate on blockchain technology. These platforms allow users to trade cryptocurrencies directly with each other, eliminating the need for intermediaries and associated fees. However, it's important to note that DEXs may have lower liquidity and fewer trading pairs compared to centralized exchanges. Additionally, users should be cautious of gas fees and other transaction costs associated with using DEXs. Overall, fee-free trading can be a viable option for those looking to maximize their profits in the crypto market.
  659330
• Nov 23, 2021 · 3 years ago
  Absolutely! With the rise of competition in the cryptocurrency exchange space, many platforms now offer fee-free trading options. These exchanges make money through other means, such as charging for premium features or offering additional services. By choosing a reputable exchange with no trading fees, traders can keep more of their profits. However, it's important to do thorough research and read the fine print to ensure that there are no hidden fees or costs associated with the platform. Remember, if something seems too good to be true, it probably is. So always exercise caution and make informed decisions when trading crypto with no fees.
  649217
• Nov 23, 2021 · 3 years ago
  Yes, it is possible to make profits from trading crypto with no fees. BYDFi, a popular decentralized exchange, offers fee-free trading for its users. With BYDFi, traders can enjoy the benefits of fee-free trading while also having access to a wide range of cryptocurrencies and trading pairs. However, it's important to note that trading crypto always carries risks, and it's essential to do thorough research and analysis before making any investment decisions. Additionally, it's important to stay updated with the latest market trends and news to make informed trading decisions. Overall, fee-free trading can be a great way to maximize profits, but it's crucial to approach it with caution and a well-thought-out strategy.
  726182