Cryptocurrency trading has become extremely popular in recent years. With the rise of Bitcoin, there are now many other cryptocurrencies that people can trade with. One problem is the high fess in crypto trading. This blog post will outline tips to minimize your crypto trading fees and make more money while investing!

Use an Exchange With Commission-Free Trading

A common way to trade cryptocurrency is through an exchange. To do so, you need a wallet where you can store the currency you have purchased. There are several exchanges out there with commission-free trading on select currencies. This means that when you buy or sell a currency, there will be no fee charged for your purchase. Some of the more popular exchanges that offer commission-free trading include Binance and KuCoin.

Buy Cryptocurrency With Coins

Another way to minimize your crypto trading fees is by using coins. When you use coins, the transaction value will be less than if you were to use a different currency. This is because the coin has a lower value when compared to other currencies. For example, one bitcoin is worth more than one-hundredth of an ether. So if you were to buy one bitcoin, then the transaction fee would be higher than it would be for a hundredth of an ether.

Watch Transaction Amounts

The amount of money you are sending in a transaction also plays a role in determining the fees you will pay. If you send more than 21,000 bitcoins at once, then the price for this transaction would be higher than it would if you were to send just 0.01 bitcoins as part of one transaction. The miner fee becomes a smaller percentage of the total cost when you send more money. Another way to avoid high fees is by purchasing large amounts of cryptocurrencies over time rather than in one lump sum. This will allow you to spread out your transaction costs and pay lower overall fees for all transactions.

Be Strategic About Your Transaction Types

There are two different types of transactions that you can make on the blockchain: those with a higher fee and those with a lower cost. The first type is standard, while the second is called an advanced transaction. Standard transactions work well for small amounts such as 0.01 bitcoins or less than USD 20 worth of another currency at one time. Advanced transactions are usually reserved for more significant amounts of money. Standard transactions include a smaller fee, but they also take longer to process because the blockchain has to verify each transaction separately.…