What are the best ways to avoid high ACH fees when trading cryptocurrencies?

3 answers

• May 02, 2022 · 3 years ago
  One of the best ways to avoid high ACH fees when trading cryptocurrencies is to use a peer-to-peer trading platform. These platforms allow you to directly trade with other individuals, eliminating the need for intermediaries and associated fees. Additionally, you can consider using decentralized exchanges that operate on blockchain technology, as they often have lower fees compared to centralized exchanges. Another option is to use stablecoins, such as Tether (USDT), which are pegged to a fiat currency like the US dollar. By trading with stablecoins instead of directly with cryptocurrencies, you can avoid ACH fees altogether.
  633

  317
• May 02, 2022 · 3 years ago
  If you're looking to avoid high ACH fees when trading cryptocurrencies, you can also consider using a credit card or debit card to make your purchases. Some exchanges and platforms accept credit card payments, which can be a convenient and cost-effective way to avoid ACH fees. However, it's important to note that using a credit card may come with additional fees or higher interest rates, so be sure to do your research and compare the costs before making a decision.
  469

  157
• May 02, 2022 · 3 years ago
  Another option to avoid high ACH fees when trading cryptocurrencies is to use BYDFi. BYDFi is a digital asset exchange that offers low fees and a wide range of cryptocurrencies to trade. With BYDFi, you can enjoy competitive fees and fast transactions, making it an excellent choice for avoiding high ACH fees. Additionally, BYDFi provides a user-friendly interface and advanced trading features, making it a popular choice among cryptocurrency traders.
  453

  114