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What are the risks associated with zero-fee crypto trading?

avatarAlone KhanDec 26, 2021 · 3 years ago1 answers

What are the potential risks and drawbacks that come with engaging in zero-fee cryptocurrency trading?

What are the risks associated with zero-fee crypto trading?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    Zero-fee crypto trading is an interesting concept, but it's not without its risks. While it may seem like a great way to save on fees, there are a few things to consider. First, platforms offering zero fees may have hidden costs, such as higher spreads or less favorable exchange rates. Second, these platforms may have lower liquidity, making it harder to execute trades at desired prices. Finally, zero-fee trading platforms may have limited customer support or lack important features. It's important to carefully evaluate the platform's reputation and consider the potential risks before engaging in zero-fee trading.