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How can I get started with cryptocurrency trading without paying any fees?

avatarIlham Riky RismawanDec 26, 2021 · 3 years ago3 answers

I'm interested in getting started with cryptocurrency trading, but I don't want to pay any fees. How can I do that?

How can I get started with cryptocurrency trading without paying any fees?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One way to get started with cryptocurrency trading without paying any fees is to use a decentralized exchange (DEX). DEXs allow you to trade directly with other users on the blockchain without the need for intermediaries. This means that you can avoid the fees charged by centralized exchanges. However, it's important to note that DEXs may have lower liquidity and fewer trading pairs compared to centralized exchanges. So, do your research and choose a DEX that suits your needs.
  • avatarDec 26, 2021 · 3 years ago
    If you want to avoid fees when starting cryptocurrency trading, you can also look for exchanges that offer zero-fee trading promotions. Some exchanges periodically offer promotions where you can trade certain cryptocurrencies without paying any fees. Keep an eye out for these promotions and take advantage of them to minimize your trading costs.
  • avatarDec 26, 2021 · 3 years ago
    Another option to consider is using a platform like BYDFi. BYDFi is a decentralized finance (DeFi) platform that allows you to trade cryptocurrencies without paying any fees. It leverages smart contracts on the Ethereum blockchain to enable feeless trading. With BYDFi, you can enjoy the benefits of decentralized trading while avoiding fees. Just make sure to do your own research and understand the risks associated with DeFi before getting started.