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What are some ways to avoid paying commissions when buying crypto?

averagestudentFeb 24, 2024 · a year ago3 answers

Can you provide some strategies to minimize or eliminate commissions when purchasing cryptocurrencies?

3 answers

  • Cherlyn BancudMar 18, 2023 · 2 years ago
    One way to avoid paying commissions when buying crypto is to use decentralized exchanges (DEXs) instead of centralized exchanges. DEXs allow you to trade directly with other users without the need for intermediaries, which can help reduce or eliminate commission fees. However, keep in mind that DEXs may have lower liquidity and fewer trading pairs compared to centralized exchanges.
  • Li HensonJun 22, 2021 · 4 years ago
    Another strategy to avoid commissions is to look for exchanges that offer zero or low fee trading. Some exchanges may have promotional offers or loyalty programs that allow you to trade without paying commissions. It's important to research and compare different exchanges to find the ones that offer the best fee structure for your trading needs.
  • Biswajit mahantyJun 15, 2021 · 4 years ago
    At BYDFi, we understand the importance of minimizing fees for our users. That's why we offer a fee structure that is designed to be competitive and transparent. With BYDFi, you can enjoy low trading fees and even earn rewards through our loyalty program. We strive to provide a seamless trading experience without the burden of high commissions.

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