The only bitcoin and cryptocurrency exchange without fees.
One of the barriers to entry into the world of investment and cryptocurrencies in particular are the high (and sometimes complicated) fees charged by platforms to buy bitcoin.
But that's over. We present to you the only commission-free exchange.
This platform is none other than Nominex, a cryptocurrency exchange that is usually ranked among the top 40 to top 60 largest exchanges in the world, with daily volumes in the millions of dollars. But what's more, it is revolutionizing the crypto market by allowing you to buy cryptocurrencies without any fees and without performing KYC.
As you have heard. Forget about taking selfies or sending your ID: To register on Nominex, you only need an email and a password. If this is still not convincing enough, keep reading to find out how to trade on Nominex without any fees.
» Recommended reading: "Exchanges without KYC".
The exchange with the lowest fees
Nexo: The Revolutionary Commission-Free Exchange
At the time of writing this article, Nominex seemed to be the best option for buying cryptocurrencies without paying commissions. However, the landscape has changed thanks to the emergence of a new player in the field: Nexo.
Nexo, more than just an exchange, is a versatile cryptocurrency lending platform. Through Nexo Exchange, you can now buy and sell cryptocurrencies without paying any commission. Additionally, it offers competitive yields in its staking service (up to 16% for stablecoins and fiat currencies).
Its intuitive interface, strong reputation, and robust security make it a solid choice for cryptocurrency investors.
By registering with our link, you can get a $25 bonus in BTC, simply by depositing $100 in any currency and holding it for at least one month.
Although Nexo has made a strong impact on the market, the following article about Nominex remains relevant. In Nominex, you can also buy cryptocurrencies without paying any commissions, although you will need to purchase tokens (Nexo eliminates trading fees without conditions).
On the other hand, Nominex has some advantages over Nexo:
- As an official broker of Binance, Nominex offers a wider variety of cryptocurrencies and liquidity.
- No KYC is required if you deposit cryptocurrencies (instead of fiat currencies).
- By providing liquidity to a pool in Nominex to avoid fees, you can earn additional yields. In the long run, this will allow you to make money.
If your curiosity has gotten the best of you and you have already visited the Nominex website, you may have noticed that it apparently has fees. We're not deceiving you, there is a very simple way to avoid them. But before that, we want to highlight something else: It is also the cryptocurrency exchange with the lowest fees.
Why is this?
Well, it's very simple: Because of the use of its NMX token to pay for transactions.
In reality, Nominex is an official broker of Binance. What does this mean? It means that when you use Nominex, you are actually making your purchases on Binance. Therefore, Nominex has the same trading pairs as Binance and all its liquidity.
What advantage does Nominex have then? Very simple: By bringing together many users, its trading volume on Binance is very large, so they pay ridiculously low fees. This allows Nominex to offer its clients better trading rates than Binance offers to its regular users.
To encourage the use of its token and help its appreciation, they offer the cheapest fees to NMX holders: Users who purchase and hold the tokens will have better rates.
To make it easier for you to understand, let's compare the fees of Nominex and Binance:
In the image, you have Nominex fees at the top and Binance fees at the bottom. We will only focus on the first row, as the others are for large volumes and (unfortunately) I don't think many of us will have the chance to enter those ranges.
Initially, both have the same fees: 0.10% for both takers and makers. The difference comes when the fees are paid with each exchange's tokens. When paying with BNB on Binance, the fees are reduced by 25%. In contrast, this reduction reaches 50% if you use Nominex and pay the fees with its NMX token.
To activate the payment of fees with NMX, you will have to access your fees section and activate it in the right column, as shown in the following image:
How to Buy Cryptocurrencies for Free
But as we mentioned at the beginning of the article, at Nominex it is possible to buy cryptocurrencies without paying fees.
How? Very simple: By using their NMX token farming tool.
What is yield farming?
Yield farming is an investment strategy born with cryptocurrencies. In it, you deposit your cryptocurrencies in certain protocols through different mechanisms - liquidity pools, vaults... - so that they can perform specific functions - token exchange, crypto loans...
In exchange for lending your cryptos to the protocol, you receive a reward, making it a great way to maximize your profits.
In the case of Nominex, you can deposit their NMX or USDT token into a liquidity pool so that other users can swap between these two currencies. In return, you receive a portion of the fees that users pay for making the exchanges, and possibly an extra contribution from Nominex itself to encourage its use.
Nominex's pool APRs usually have a yield higher than 50%. In other words, you can receive more than 50% of your deposit annually. However, both the APR and the value of NMX are variable. Therefore, it is necessary to monitor these types of investments to get the best return, but also because there are risks of losing part of your investment.
In the following image you can see the benefits offered by Nominex for depositing liquidity in their NMX and USDT pool:
Therefore, to have a 100% cashback on the fees, you would have to deposit at least the equivalent of $10,000 in Nominex farming. Although we know this figure is high, no other exchange offers similar possibilities.
In addition, with a minimum investment of $1,000, a common amount in crypto investments, you will already have a 20% cashback on the fees. Combined with the 50% discount on fees if paid with NMX tokens, you will pay considerably cheaper fees than on other platforms.
Also, remember that you are investing your cryptocurrencies in a tool to maximize your profits and you will enjoy several advantages:
- So far, Nominex pools have offered great yields: You will be benefiting from more than 50% APR.
- You can reinvest the profits obtained in the farming pool to compound interest.
- If the token value increases, so will your investment, so you may be able to increase your level on the platform.
- This strategy is not without risks. If the token value decreases, so will your investment. Remember one of the mottos of cryptocurrencies: DYOR (Do Your Own Research).
Nominex Referral System
Nominex has a somewhat peculiar referral system. If you invite someone to their platform, you can earn a percentage of the commissions they pay. You have direct referrals, which are the people you invite to the platform, but you also receive referrals from your referrer.
That means, if you register through our link (and only through it), some of the users who register through our website will also become your referrals and join your network. Therefore, you will also earn a percentage of the commissions they pay.
Just like you have arrived at this website, many people will as well. So, you can start earning cryptocurrencies through automatic referrals without doing anything.
Remember that you can also invite people to earn a percentage of their commissions, and these percentages increase if you engage in farming in their NMX pool.
Referral Systems on Nomiswap
Nominex also has a decentralized exchange called Nomiswap on the Binance Smart Chain (BSC) network. In it, you can perform swaps and yield farming quickly, in a decentralized manner, and with very competitive fees.
Nomiswap also has a referral system similar to Nominex's: That is, if you register through our links, part of our referrals will join your network and you will receive a percentage of their commissions without doing anything.
Therefore, even if you don't want to use their DEX, we recommend that you join it: You just have to follow our link and connect your wallet to their platform with Metamask on the BSC network. Once the request is signed (it is free, you don't need to have BNB in your account), you will have joined our referral network.
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