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How can I trade bitcoins for free?

trading bitcoins for free

February 18, 2021 | 

JOHN K MWANIKI |  0 Comments| 

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Get Into Cryptocurrency Trading Today

Bitcoin is the largest cryptocurrency in the world by market capitalization. It uses its blockchain platform to serve as a store of value and a payment system. As a result, you can use bitcoin to pay for your meals, movie tickets, and even online shopping. In 2017, the value of bitcoin skyrocketed to $20,000 per token. Today, all the bitcoins in the world are worth over $156 billion, and their current trading price is $47,857.01.

As bitcoin continues to gain widespread popularity, it has inspired the creation of other cryptocurrencies in existence. Popularly known as altcoins, they include ethereum, Litecoin, Ripple, Tether, and Bitcoin Cash. Due to its highly lucrative and volatile nature, many people want to join the bitcoin train to generate wealth. In this article, we will guide you on how to trade bitcoins for free.

Is it possible to trade bitcoins for free?

There are now zero-fee crypto exchanges that allow users to trade bitcoins for free. Unlike popular exchanges, like Binance and Coinbase, these platforms allow their customers to buy, sell, and trade crypto without paying any fees. So, here is a list of some zero-fee exchanges.

1. Crypto.com

Based in Hong Kong, Crypto.com is an exchange platform that has been gaining popularity in recent years. The platform hosts over $1 million users and supports a variety of digital currencies. It also has its own native coin and allows its customers to earn interest by holding crypto. Additionally, it accelerates the adoption of blockchain technology among its users through its innovative crypto products and services.

Among its products, Crypto.com gives its users some limited-promotional offers. They include:

  • Buying bitcoin with 0% credit card fees

  • 0% trading fee for first-time users within the 90 days

  • 2% bonus deposit interest rate for first-time users who make deposits within the first 30 days

  • A maximum of 50% trading fee reduction on every trade made by existing users on the platform

  • The ability to send crypto to Crypto.com mobile App users without any fees

2. Kucoin

Launched in August 2017, Kucoin is a reputable crypto exchange platform that facilitates all crypto operations. The exchange has over 400 markets and supports more than 200 cryptocurrencies. It also hosts over 5 million users worldwide. 

The Kucoin platform offers its customers an extensive list of cryptocurrency services. They include:

  • peer-to-peer marketplaces, 

  • IEO launchpad for crypto crowdfunding, 

  • non-custodial trading, 

  • lending services, and 

  • Staking rewards.

Users can also buy bitcoin and other cryptocurrencies through varied modes of payment. These including using fiat currency or through debit or credit cards. Its 'instant exchange' feature allows customers to buy crypto without any fees or commissions and at the best possible price. Examples of cryptos available on the platform include Bitcoin, Litecoin, Ethereum, and XRP. 

3. Phemex

Established in November 2019, Phemex is a new bitcoin derivatives trading platform. It provides derivatives, spots, and simulated trading to its users. Thus, investors and traders can easily diversify their investments. Being a newly established platform, Phemex offers only seven trading pairs. This includes a GOLD/US pair. It is also worth noting that this exchange does not offer crypto to crypto pairs. It also does not support fiat currency trading. 

The Phemex exchange has tons of features for those who are looking to trade bitcoins for free. For instance, its premium users can trade cryptos on its spot-trading exchange without any fees. The platform also offers derivatives trading with a maximum of 100X leverage on BTC and USD contract settlements.

4. Blade

As a new cryptocurrency margin trading platform, Blade allows its customers to trade perpetual contracts in bitcoins and altcoins. Users can trade with a maximum of 150X leverage with settlements in Tether or bitcoin. The exchange has the support of trusted and world-class investors, including SV Angel and Coinbase.

In 2020, the exchange launched its zero-trading feature. As a result, it is among the first cryptocurrency exchanges to provide perpetual bitcoin trading at no fee. Users do not need to hold a native token to enjoy zero-fee trading. Thus, high-frequency traders and crypto scalers can quickly enter and exit sales and utilize high leverage to earn profits on slight market fluctuations at no cost.

With this unique feature, Blade will have a chance of competing with already established and popular cryptocurrency exchanges. It is worth noting that Blade has yet to launch indicators and trading tools on its site. However, the developers should add them upon the launch of Blade Zero.

5. Shapeshift

Another platform that allows its customers to trade bitcoins for free is Shapeshift. Founded in 2014 by Erik Voorhees, Shapeshift is a digital marketplace that offers its users global crypto services. With this online exchange platform, users can trade cryptocurrencies in a secure and seamless ecosystem. It enables users to conduct instant exchanges between bitcoin and other cryptocurrencies hassle-free. 

The Shapeshift development team recently launched a new feature that allows users to buy bitcoin at no fee. However, users must hold the platform's native FOX token to enjoy this commission-free, zero spread, and zero trading fees feature. Once you register an account on Shapeshift, the platform deposits 100 free FOX tokens in the account. The exchange also allows fiat payments, including bank transfers.

Conclusion

Cryptocurrency exchanges allow users to take advantage of the volatile nature of the crypto market. Many people do not know that they can trade bitcoins for free. Zero-fee trading platforms enable users to make cryptocurrency deposits that are instantly exchanged without any spread charges or other trading fees. In turn, these platforms earn a small percentage from your profits without implementing fees that eat away at your capital on every trade. 

With the help of the exchange platforms mentioned above, frequent traders can effectively take advantage of the small price movements within a trading day. As a result, this aids in increasing their long-term wealth. These exchanges also step up the crypto space competition, pressuring other exchange platforms to lower their fees.

Buy & Sell Cryptocurrency Instantly

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