How can I minimize ACH fees when buying or selling digital currencies?

3 answers

• Tran GarciaJul 04, 2022 · 3 years ago
  One way to minimize ACH fees when buying or selling digital currencies is to use a cryptocurrency exchange that offers low or no ACH fees. Some exchanges have partnerships with banks or payment processors that allow them to offer reduced fees for ACH transactions. Additionally, you can consider using peer-to-peer trading platforms that connect buyers and sellers directly, eliminating the need for ACH transactions and associated fees. Another strategy is to consolidate your transactions and make larger purchases or sales at once, as some exchanges offer lower fees for larger transactions. Lastly, you can explore alternative payment methods such as wire transfers or using stablecoins, which may have lower fees compared to ACH transactions.
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• Brock McCallumJun 09, 2020 · 5 years ago
  ACH fees can be a pain when buying or selling digital currencies, but fear not! There are a few tricks you can use to minimize those pesky fees. First, shop around for cryptocurrency exchanges that offer lower ACH fees. Some exchanges have negotiated special deals with banks or payment processors to offer reduced fees for their customers. Second, consider using peer-to-peer trading platforms where you can connect directly with other buyers or sellers. These platforms often have lower fees compared to traditional exchanges. Third, try to consolidate your transactions and make larger purchases or sales at once. Many exchanges offer lower fees for larger transactions, so it's worth considering. And finally, don't forget to explore alternative payment methods like wire transfers or stablecoins, as they may have lower fees than ACH transactions.
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• HtnaverNov 21, 2024 · 9 months ago
  When it comes to minimizing ACH fees for buying or selling digital currencies, one option is to use BYDFi. BYDFi is a cryptocurrency exchange that offers competitive fees and a user-friendly interface. They have partnerships with banks and payment processors that allow them to offer lower ACH fees compared to other exchanges. Additionally, BYDFi offers a peer-to-peer trading feature where users can connect directly with each other, eliminating the need for ACH transactions and associated fees. Another strategy is to consolidate your transactions and make larger purchases or sales at once, as BYDFi offers lower fees for larger transactions. Lastly, you can explore alternative payment methods such as wire transfers or stablecoins, which may have lower fees compared to ACH transactions.
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