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What are some reliable methods to buy bitcoin with no fees?

avatarselena senaDec 29, 2021 · 3 years ago3 answers

Can you suggest some trustworthy ways to purchase bitcoin without incurring any fees?

What are some reliable methods to buy bitcoin with no fees?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Certainly! One reliable method to buy bitcoin without fees is through peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, eliminating the need for intermediaries and their associated fees. LocalBitcoins and Paxful are popular P2P platforms that offer a wide range of payment options and allow users to negotiate prices. Another option is to use cryptocurrency exchanges that offer zero-fee trading. Binance, for example, has a specific trading pair called BNB/BTC that allows users to trade bitcoin without paying any fees. However, it's important to note that these zero-fee options may have certain limitations or requirements, so it's always a good idea to do thorough research before making a decision.
  • avatarDec 29, 2021 · 3 years ago
    Sure thing! If you're looking to buy bitcoin without fees, one option is to use a platform like Coinbase Pro. While Coinbase charges fees for buying bitcoin, Coinbase Pro offers fee-free trading for market makers. By placing limit orders instead of market orders, you can avoid paying any fees. Another method is to find individuals or businesses that accept bitcoin as payment for goods or services. By directly purchasing bitcoin from them, you can avoid fees associated with exchanges. Additionally, some bitcoin ATMs offer fee-free transactions, although their availability may vary depending on your location. Remember to check the fees and terms of each method before proceeding.
  • avatarDec 29, 2021 · 3 years ago
    Of course! One reliable method to buy bitcoin without fees is by using the BYDFi platform. BYDFi is a decentralized exchange that allows users to trade bitcoin and other cryptocurrencies without paying any fees. The platform operates on the Binance Smart Chain, ensuring fast and secure transactions. To buy bitcoin with no fees on BYDFi, simply connect your wallet, search for the BTC trading pair, and place your order. BYDFi also offers liquidity mining programs, allowing users to earn additional rewards while trading. It's important to note that while BYDFi is a reliable option, it's always recommended to do your own research and exercise caution when trading cryptocurrencies.