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What are the best ways to buy bitcoin without any commission?

avatarAlvinDec 17, 2021 · 3 years ago10 answers

I'm looking for the most cost-effective methods to purchase bitcoin without incurring any commission fees. Can anyone recommend the best ways to buy bitcoin without paying any additional charges?

What are the best ways to buy bitcoin without any commission?

10 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the best ways to buy bitcoin without any commission is through peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and associated fees. Some popular P2P platforms include LocalBitcoins and Paxful. Just make sure to do your due diligence and choose reputable sellers with good ratings to ensure a safe transaction.
  • avatarDec 17, 2021 · 3 years ago
    Another option is to use cryptocurrency exchanges that offer zero-commission trading. These exchanges make money through other means, such as charging fees for withdrawals or providing premium services. Examples of exchanges that offer commission-free trading include Robinhood and eToro. Keep in mind that while the trading itself may be commission-free, there may still be fees associated with depositing or withdrawing funds.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi is a great option for buying bitcoin without any commission. As a decentralized exchange, BYDFi doesn't charge any fees for trading. You can buy bitcoin directly from other users on the platform without paying any commission. It's a secure and cost-effective way to get your hands on some bitcoin.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for a more traditional option, you can consider using a Bitcoin ATM. These ATMs allow you to purchase bitcoin using cash or a debit card. While some Bitcoin ATMs charge a fee, there are also many that offer commission-free transactions. You can use websites like Coin ATM Radar to find Bitcoin ATMs near you and check if they offer commission-free purchases.
  • avatarDec 17, 2021 · 3 years ago
    If you're willing to put in some effort, you can also try earning bitcoin through various methods. For example, you can offer goods or services and accept bitcoin as payment. You can also participate in airdrops or bounty programs, where you can earn free bitcoin by completing certain tasks or promoting projects. While this may not be a direct way to buy bitcoin without commission, it can be a cost-effective way to acquire bitcoin.
  • avatarDec 17, 2021 · 3 years ago
    Another option is to find individuals who are willing to sell bitcoin without charging any commission. You can check out online forums, social media groups, or even ask friends and family if they know anyone who is selling bitcoin without fees. Just make sure to exercise caution and verify the legitimacy of the seller before making any transactions.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for the absolute cheapest way to buy bitcoin without any commission, you can try mining. Mining involves using specialized hardware to solve complex mathematical problems and validate transactions on the blockchain. By doing so, you can earn bitcoin as a reward. However, keep in mind that mining requires significant upfront investment in equipment and electricity costs, and it may not be feasible for everyone.
  • avatarDec 17, 2021 · 3 years ago
    In conclusion, there are several ways to buy bitcoin without any commission. You can explore peer-to-peer trading platforms, use zero-commission exchanges, consider decentralized exchanges like BYDFi, use Bitcoin ATMs, earn bitcoin through various methods, find individuals selling without fees, or even try mining. Each method has its own advantages and considerations, so choose the one that best suits your needs and preferences.
  • avatarDec 17, 2021 · 3 years ago
    Buying bitcoin without commission is a hot topic in the cryptocurrency community. Many people are looking for ways to avoid paying unnecessary fees when purchasing bitcoin. Luckily, there are several options available. Peer-to-peer trading platforms, zero-commission exchanges, decentralized exchanges like BYDFi, Bitcoin ATMs, earning bitcoin, finding individuals selling without fees, and mining are all viable methods. It's important to do your research and choose the method that aligns with your goals and budget.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to buying bitcoin without any commission, it's all about finding the right platform or method. Whether you choose to use peer-to-peer trading platforms, zero-commission exchanges, decentralized exchanges like BYDFi, Bitcoin ATMs, or other methods, the key is to minimize unnecessary fees. Take the time to explore different options and compare fees and features before making a decision. With a bit of research and planning, you can buy bitcoin without any commission and save money in the process.