Nowadays, buying Bitcoin is very simple. There are plenty of crypto exchange platforms that allow users to sell, buy, and swap crypto coins. Each day, crypto investors are looking for ways to buy and sell bitcoin without fees. However, most crypto exchange platforms charge high transaction fees.
The crypto market is saturated with plenty of exchange platforms. There are a couple of factors you should consider if you’re planning to invest in crypto. In this guide, we will get a look at some of the best and most efficient ways to buy crypto cheaply.
Crypto Exchange Platform
Most people buy their crypto from crypto exchange platforms. Most crypto exchange firms offer their services on web apps and also on iOS or Android platforms. So, when looking for a crypto exchange service, ensure that you pick one that offers its service on all platforms.
The other thing you should consider is the transaction fees. High transaction fees will bite into your profit. As such, if you make too many transactions, you will probably end up losing a lot on your assets. Some crypto exchange platforms such as NakitCoins charge a fee of 2% of the amount involved in the transaction.
When looking for a crypto exchange service, your top priority should be searching for a bitcoin app no fees. However, this shouldn’t make you overlook other things such as security. Ensure that you read reviews from previous and current users. You can also join online crypto forums and ask for their opinion on which app they consider the best for crypto trading.
Signing Up and Verification
You will need to sign up for an account to access the services of a crypto exchange platform. The sign-up process is pretty straightforward and all you need is an email address. After successfully signing up, you may be required to verify your account details. As such, you will be required to upload a copy of your ID or driver’s license.
Once your account is verified, you will require to load some cash into your crypto account. You can do so by adding your credit or debit card details. When doing so, ensure that you’re using a USD or Euro account. This way, you will not invite any additional fees on forex.
Using P2P Platforms and Bitcoin ATMs
You can also buy and sell bitcoin without fees via P2P platforms. Peer-to-peer crypto platforms allow crypto investors with huge assets to offer crypto trading services. The merchants trading crypto often sell it at a cheaper price than the market prices as a way of attracting more customers. Word of advice: if you decide to utilize a P2P crypto service, make sure you review the merchant’s rating.
You can also buy your Bitcoin from a Bitcoin ATM. When using a Bitcoin ATM, you can buy Bitcoin worth any amount. After a successful purchase, the crypto coins will be deposited directly into your private wallet. You can use a Bitcoin ATM locator app to find crypto ATMs near your area.