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Where to buy cryptocurrency without fees

10/08/2018
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Although everyone can get a fee-free cryptocurrency trading, everyone will have to pay a commission for conducting operations. This is due to the very principle of the blockchain. However, there are several options to significantly reduce the number of fees.

Determine the purpose of the asset purchase

As it turned out, the blockchain is not very suitable for short-term speculative trading. Although the volatility of Bitcoin and other coins is at a high level. The problem is technology.

One decrypted block of 1 MB of information allows for up to 500 transactions. The rules and algorithms created a limit on the speed of mining - no more than 160 blocks per day. Thus, there is a top bar for the number of transfers. Not a single miner will work for free, so cryptocurrency exchange without fee is not possible. Moreover, the transaction speed is subject to the following rules:

  • the greater the amount the client is willing to pay, the faster the transfer will be;
  • the buyer himself determines how much he is willing to pay for mining;
  • if the amount of deductions is below a certain level, he may wait for his turn for several days or even weeks.

The real purchase of bitcoins has another problem - the block will be rewritten regardless of the size of the transfer. That is, the commission is not charged as a percentage of the transaction. Therefore, transferring two or three pounds may be unprofitable, you will have to pay up to 50%. At the time of the cryptocurrency boom, miners took up to £ 10 per transaction for their operations.

Cryptocurrency exchange commission

The situation is a bit easier if the investor wants to buy coins through a crypto exchange. Although low fee cryptocurrency exchange is possible only in fantasy. More precisely, when transferring several thousand pounds, it will be invisible. But if you need to change a small amount, you have to spend a lot of money.

In any case, the operation with Bitcoins cannot be performed in less than 20-30 minutes. This is not acceptable for intraday trading. However, there is also a solution here - derivative financial instruments. In addition to the crypto exchanges, which are now more than 200, there are the usual exchange platforms for trading stocks and currency pairs.

Their number is measured in thousands. Virtually each of them allows you to trade Bitcoins, Ethereum, Ripple and other popular cryptocurrencies.

How to trade digital assets on traditional exchanges

If an investor is looking for how to buy cryptocurrency without fees, then this option will not work for him either. However, compared to other offers, the commission will be the lowest here. Moreover, conducting a trade operation will take a few seconds.

But how is this possible if we talked about a minimum transaction duration of 20-30 minutes? The answer is simple. The classic exchange does not transfer coins to a wallet. After all, when an investor buys 100 barrels of oil, he does not expect to see a tanker under his window. Due to this, it is possible to quickly conduct transactions.

In addition, the buyer receives very low commission costs - about 0.01% of the transaction amount. But that's not all. With this method of investing the use of leverage is allowed. This technology can dozens of times increase the size of the order. That is, the owner of 1000 pounds gets the opportunity to buy bitcoins for 50,000 or more.

As you already understood, zero fee cryptocurrency is an unreal offer. Honest sellers and exchange offices will never offer this option. But there are ways to significantly reduce the costs of trade and get favourable investment conditions.

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All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

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