Interested in purchasing Bitcoin but put off by the hefty costs connected with this cryptocurrency? Don’t worry, there are methods to get Bitcoin for free. Let’s look at the many possibilities for buying Bitcoin without costs or minimizing the expenses associated with such an investment.
Purchasing Bitcoin (BTC) via Wire Transfer will Nullify any Extra Fees
Purchasing Bitcoin (BTC) may result in extra fees and charges levied by the platforms or payment providers. The fees connected with the purchase of Bitcoin can, in fact, vary significantly depending on the payment methods and platforms employed. Credit card fees can be substantial, generally ranging from 3-4% of the total transaction amount, discouraging many buyers.
Yet, there are methods to acquire Bitcoin without paying any fees. Here are various platforms that, under certain conditions, enable you to acquire Bitcoin for free via a bank transfer.
ZenGo has a Multitude of Uses
ZenGo, which was founded in 2019, is a digital wallet that provides a number of cryptocurrency-related services like purchasing, selling, secure storing, and staking. ZenGo is much more than a basic cryptocurrency wallet; it also permits interaction with decentralized finance (DeFi) and its many protocols.
The utilization of safe multi-party computation (MPC)is where ZenGo really excels. This technology, which was formerly reserved for institutions, ensures ultra-secure cryptocurrency storage on the wallet.
New ZenGo members may currently acquire up to $200 worth of Bitcoin (or any other cryptocurrency) for free using any accessible payment method, including a credit card. This promotion is only valid for purchases made through the ZenGo mobile app, which is accessible for both iOS and Android.
Mt Pelerin is Thoroughly Transparent
Mt Pelerin is a site that provides a simple and entirely transparent way to buy Bitcoins. This Swiss-based corporation is regulated and does not need identity verification (KYC) to utilize its services, at least not for a limited time.
The main advantage of Mt Pelerin is that there are no costs for purchasing Bitcoin and other cryptocurrencies up to 500 Swiss francs (or equivalent) every year. This restriction can be increased to 5,000 Swiss francs (or similar) each year by owning 50 MPS (the platform token) or to 50,000 Swiss francs (or equivalent) by holding 500 MPS. This deal is only accessible for payment via bank transfer, and of course, the euro is accepted.
Crypto.com has Valid Licenses
Crypto.com, a platform authorized in France and holder of the AMF’s PSAN license, allows you to deposit euros for free by bank transfer. Nevertheless, unlike the methods provided below, this option is less accessible. Crypto.com, in fact, only permits transfers of at least $100.
Likewise, while Crypto.com does not charge fees for deposits in US dollars, your bank may charge a processing fee if you transfer Euros to Crypto.com. So, using Crypto.com to deposit euros is more appealing if you have a Revolut or N26 card, for example, because these do not charge currency conversion costs.
Then, over the next 30 days after their registration date, Crypto.com allows new customers to acquire Bitcoin for free. Purchasing Bitcoin for free with Crypto.com is thus time-limited, but not in terms of the amount you wish to invest.
Coinbase Pro might be your Choice
You may not be aware that Coinbase also operates a less well-known, but highly handy trading platform called Coinbase Pro, which allows its users to purchase Bitcoin with minimal, or even zerocosts.
Users may perform two types of trades with Coinbase Pro: taker trades and maker trades. Taker trades imply that you are accepting someone else’s offer to purchase or sell Bitcoin at a specific price, but maker transactions imply that you are the original author of the order in the first place. Becoming a creator allows you to acquire Bitcoin without paying any fees.
Phemex is Relatively New but Also Potent
Phemex, which was founded in 2019, is a relatively new cryptocurrency trading exchange for buying and selling digital assets with a simple and clear user interface. Phemex, located in Singapore, was founded by eight senior former Morgan Stanley executives. The platform is now rated sixth in terms of daily trade volume.
Phemex operates on a no-trading-fee basis. Clients must instead pay a premium membership fee ($9.99/month, $19.99/three months, and $69.99/12 months). Besides not paying any fees, premium users may make unlimited hourly withdrawals, establish conditional spot orders, and gift free trial premium memberships to friends. In addition, Phemex has cheap maker/taker costs. Phemex costs takers 0.075% for each order and makes a -0.025% fee, which means they get compensated for each deal.
KuCoin is One of the Most Secure
KuCoin, founded in 2017, is one of the world’s most secure and innovative cryptocurrency exchanges for buying and trading Bitcoin, Litecoin, and over 250 other digital assets. KuCoin provides fiat-to-crypto and crypto-to-crypto services (with over 440 trading pairs), as well as staking, futures trading, and lending.
The platform just debuted its Instant Exchange service. The service offers consumers the best available exchange rates in the worldwide market and allows them to acquire all supported digital assets instantaneously based on the rates offered. Additionally, KuCoin charges no trading fees for these transactions. In typical trades, KuCoin charges a fixed fee of 0.10%. That is certainly, modest when compared to the global industry average of roughly 0.25%. It also does not charge any deposit fees.
Digitex is Experienced in this Field
Digitex is a peer-to-peer cryptocurrency futures trading platform where clients may trade, buy, and sell digital assets without paying any trading commissions or transaction fees. Digitex has a high liquidity level and does not require a long KYC procedure. The platform is designed for experienced traders who are familiar with futures contracts. But, if you have sufficient relevant expertise and want to purchase Bitcoin without fees, here is the place for you.
Digitex is one of the few cryptocurrency exchanges that operate on a real no-fee basis. Customers may trade in whatever amount and as frequently as they like with no transaction costs. Digitex is also decentralized and non-custodial, which means the network can never be hacked, and customers have total control over their cash.
Otherfactors alsocontribute to Digitex‘s distinction as a no-fee cryptocurrency exchange. The platform has a modern ladder trading interface that allows for rapid and easy short-term trading, order placement, and cancellation. Customers also have access to large quantities of liquidity since Digitex market-making bots are set to lose money over time and store monies in exchange pools.
Lykke Prioritizes Security Above All Else
Lykke is a Swiss cryptocurrency exchange that offers financial goods and services to both businesses and consumers. Lykke supports fiat currency and operates with over 100 crypto-asset trading pairings. Apart from its web-based Bitcoin trading software, the exchange also offers a cryptocurrency wallet that can be downloaded from Google Play or the Apple App Store.
Lykke takes security extremely seriously and adheres to AML and KYC requirements. Another feature that distinguishes Lykke is its excellent customer service. The platform offers technical help 24 hours a day, seven days a week, by live chat, email, or direct calling via Skype.
Lykke does not impose separate trading fees for makers and takers. In fact, the site takes it a step further by not charging any trading fees at all. Additionally, withdrawal processes are free of charge. Instead, they generate money by offering insurance, advice, and market liquidity.
With hundreds of cryptocurrencies and cryptocurrency exchanges available and more being released every day, it might be difficult to locate the ideal one that fulfills all of your requirements. We’ve collected a list of the top 8 cryptocurrency exchanges where you can purchase Bitcoin without paying any fees in this post. Of course, not all of the services offered by these sites are free.