How can I avoid dormancy fees when using cryptocurrency exchanges?

3 answers

• justin whitfieldJun 29, 2024 · a year ago
  One strategy to avoid dormancy fees when using cryptocurrency exchanges is to regularly log in to your account and make at least one transaction. This can be as simple as buying or selling a small amount of cryptocurrency. By doing so, you demonstrate activity on your account and prevent it from being classified as dormant. Another strategy is to set up automatic transactions or recurring buys, which ensure that there is regular activity on your account. Additionally, you can consider consolidating your funds into a single exchange to minimize the number of accounts you need to maintain. This reduces the risk of forgetting about an account and incurring dormancy fees.
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• Chapman ChenJun 08, 2024 · a year ago
  To avoid dormancy fees when using cryptocurrency exchanges, it's important to read and understand the terms and conditions of each exchange you use. Some exchanges may have specific requirements or conditions for avoiding dormancy fees. For example, they may require a minimum number of trades or a minimum account balance. By familiarizing yourself with these requirements, you can ensure that you meet them and avoid any unnecessary fees. Additionally, staying informed about any changes in the exchange's fee structure can help you avoid unexpected dormancy fees.
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• helpyourselfofficialMay 11, 2023 · 2 years ago
  At BYDFi, we understand the importance of avoiding dormancy fees when using cryptocurrency exchanges. One way to do this is by actively participating in the platform and engaging in regular trading activities. By staying active, you can prevent your account from being classified as dormant and avoid any associated fees. Additionally, our platform offers features such as automatic transactions and recurring buys, which can help you maintain activity on your account. We also provide clear information about our fee structure and any requirements to avoid dormancy fees, ensuring transparency and helping our users avoid unnecessary charges.
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