What are some tips for buying bitcoins cheap?

3 answers

• Dec 29, 2021 · 3 years ago
  One tip for buying bitcoins cheap is to look for exchanges or platforms that offer lower fees. By comparing different platforms, you can find one that charges lower transaction fees, allowing you to buy bitcoins at a cheaper price. Additionally, you can also consider using peer-to-peer trading platforms where you can directly buy bitcoins from other individuals, often at a lower price than on traditional exchanges. However, be cautious and do thorough research to ensure the platform is reputable and secure.
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• Dec 29, 2021 · 3 years ago
  Another strategy to buy bitcoins cheap is to take advantage of market dips. Bitcoin prices can fluctuate significantly, and during market downturns, you may be able to buy bitcoins at a discounted price. Keep an eye on the market and set price alerts to be notified when the price drops. However, it's important to note that timing the market can be challenging, and it's recommended to only invest what you can afford to lose.
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• Dec 29, 2021 · 3 years ago
  At BYDFi, we recommend using limit orders to buy bitcoins cheap. A limit order allows you to set a specific price at which you want to buy bitcoins. By setting a lower price than the current market price, you can potentially get bitcoins at a cheaper rate when the market reaches your desired price. This strategy requires patience, as it may take some time for the market to reach your target price. However, it can be an effective way to buy bitcoins cheaply.
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