How can I avoid fees when sending money to friends and family with cryptocurrency?
Allison BarbeeMay 07, 2022 · 3 years ago3 answers
I want to send money to my friends and family using cryptocurrency, but I don't want to pay high fees. What are some strategies I can use to avoid fees when sending money with cryptocurrency?
3 answers
- May 07, 2022 · 3 years agoOne strategy to avoid fees when sending money with cryptocurrency is to use a peer-to-peer exchange. These exchanges allow you to directly trade with other individuals, cutting out the middleman and reducing fees. However, be cautious when using peer-to-peer exchanges as they may lack the same level of security and regulation as traditional exchanges.
- May 07, 2022 · 3 years agoAnother way to avoid fees is to choose a cryptocurrency with low transaction fees. Some cryptocurrencies, like Bitcoin Cash and Litecoin, have lower fees compared to Bitcoin. By using these cryptocurrencies, you can save on transaction costs when sending money to friends and family.
- May 07, 2022 · 3 years agoAt BYDFi, we offer a unique solution to avoid fees when sending money with cryptocurrency. Our platform allows you to send money to friends and family without any fees. Simply sign up for an account and start sending money instantly, without worrying about high fees. Join BYDFi today and experience fee-free cryptocurrency transfers!
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