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Is it possible to buy and sell crypto on the same day without any fees?

avatarsohail imran khanDec 26, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to purchase and sell cryptocurrencies within the same day without incurring any fees. Is there a way to execute quick trades without paying transaction fees?

Is it possible to buy and sell crypto on the same day without any fees?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, it is possible to buy and sell crypto on the same day without any fees. Some exchanges offer zero-fee trading for certain cryptocurrencies or for specific trading pairs. However, it's important to note that these zero-fee options may have limitations, such as a limited selection of cryptocurrencies or lower liquidity. Additionally, some exchanges may have hidden fees or charges that could impact your overall trading experience. It's always recommended to carefully review the terms and conditions of any exchange before engaging in trading activities.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! Many cryptocurrency exchanges provide the option to buy and sell crypto without any fees. This can be especially beneficial for day traders who frequently engage in quick trades. However, it's crucial to consider the overall trading experience, including factors such as liquidity, security, and customer support, when choosing an exchange. Additionally, keep in mind that while the trading itself may be fee-free, there might still be fees associated with depositing or withdrawing funds from the exchange. Make sure to read the fine print and understand all the potential costs involved.
  • avatarDec 26, 2021 · 3 years ago
    Yes, it is possible to buy and sell crypto on the same day without any fees. BYDFi, a popular cryptocurrency exchange, offers zero-fee trading for a wide range of cryptocurrencies. This means that you can execute quick trades without worrying about transaction fees eating into your profits. However, it's important to note that while BYDFi provides a fee-free trading experience, there may still be network fees or fees associated with depositing or withdrawing funds. It's always a good idea to familiarize yourself with the specific fee structure of any exchange you choose to use.