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Is it possible to make a profit from online cryptocurrency trading without paying any fees?

avatarchetanand munbodhDec 27, 2021 · 3 years ago3 answers

Can one achieve profitability in online cryptocurrency trading without incurring any fees?

Is it possible to make a profit from online cryptocurrency trading without paying any fees?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, it is possible to make a profit from online cryptocurrency trading without paying any fees. There are several ways to achieve this. One option is to use a cryptocurrency exchange that offers zero-fee trading. These exchanges make money through other means, such as charging for withdrawals or offering premium services. Another option is to take advantage of promotions and bonuses offered by certain exchanges, which can offset any fees incurred. Additionally, some trading strategies, such as arbitrage or swing trading, can be executed without incurring significant fees. However, it's important to note that while it is possible to trade without fees, there may still be costs associated with trading, such as spread or slippage.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! You can definitely make a profit from online cryptocurrency trading without paying any fees. Many exchanges offer fee-free trading options, especially for certain trading pairs or for users with a high trading volume. By taking advantage of these fee-free options, you can maximize your profits and minimize your costs. Additionally, some exchanges offer referral programs or loyalty rewards, which can further reduce your trading fees or even provide additional income. So, don't let fees discourage you from entering the world of cryptocurrency trading. With the right strategies and platforms, you can make a profit without paying any fees.
  • avatarDec 27, 2021 · 3 years ago
    Yes, it is possible to make a profit from online cryptocurrency trading without paying any fees. One way to achieve this is by using decentralized exchanges (DEXs) that operate on blockchain technology. These exchanges allow for peer-to-peer trading without the need for intermediaries, which eliminates the need for fees. However, it's important to note that DEXs may have limited liquidity and trading options compared to centralized exchanges. Another option is to engage in over-the-counter (OTC) trading, where trades are conducted directly between buyers and sellers without the involvement of an exchange. OTC trading can be fee-free or have lower fees compared to traditional exchanges. However, OTC trading may require higher minimum trade amounts and may have less transparency compared to exchange-based trading.