Today we will discuss a way to buy Binance Coin (BNB) without fees! This currency is considered one of the most famous because it is affiliated with the famous Binance platform. Let’s find out how this can be done easily.
How to buy BNB without fees?
When you buy any cryptocurrency, you buy it either from a centralized or decentralized platform. Therefore you will need to pay some sort of fee.
On centralized platforms, you need to pay trading fees and on decentralized platforms, you need to pay liquidity pool fees in addition to gas fees.
But how can you buy Binance Coin (BNB) completely without fees?
The secret here lies in one of the central platforms that we talked about previously, which is the Woo X platform.
On this platform there is a feature to buy cryptocurrencies without fees, so let us learn more about this feature.
Woo X platform
The Woo X platform is affiliated with the famous Woo network. It is a new project that has emerged in recent years.
The network is considered a mixture between the world of centralized finance and decentralized finance. The network has the WooX platform.
On this platform, you can trade many different currencies by using USDT.
The fees on the platform are not high, and the liquidity on it is always good and available, and therefore the price slippage is not high.
But there is a feature on this platform that allows you to buy currencies and trade without paying any fees at all, whether on the spot market or the futures market for speculation.
It is known that the spot market is the place through which currencies are purchased to hold and invest in them.
As for futures contracts, they are the appropriate place to speculate on currency prices. This means that you do not own the currency itself, but rather speculate on its future price.
WOO (WOO)
Create an account on the platform
The first step to do is to create an account on the platform since it is centralized. Therefore, you will need an email and also a phone number.
The platform also uses Google Authenticator to increase security, so it is best to download it and connect it to the platform.
Note: Make sure that cryptocurrency trading is legal and permitted in your country. Also, make sure that the Woo app is available for download in your area. If it is not available, you can access the platform’s website. To use it easily on the computer.
After this, you will need to go through KYC procedures on the platform before using it fully. Once you go through these procedures, you can use the platform easily.
Buy BNB Coin without fees on Woo X platform
Fortunately, Binance Coin (BNB) is listed on the Woo X platform.
Therefore, BNB can be purchased without fees on the platform. But what is the way to do this?
Simply put, the Woo network is secured by the network’s Woo currency.
Therefore, you can buy a share of Woo coins currently worth approximately $300 to obtain 1,800 coins.
After this, you mortgage these currencies on the stake mortgaging mechanism on the platform.
You will contribute to securing the network and will also receive an annual return of about 5%.
There are strong expectations for the currency’s price to rise in the coming years due to the network’s good performance.
In addition to this, you will have the right to trade all currencies without exception on the Woo platform without any fees at all, whether on the futures or spot market.
This means that you can buy BNB (Binance Coin) for $1,000, $10,000, or even a million on the platform and you will not pay anything for it.
In addition to this, you will get a free daily withdrawal to any network of your choice for all currencies that you hold on the platform as well.
This means that you can withdraw BNB coins to a hot exchange and keep them there without also paying gas fees to transfer these coins.
As long as your Woo coins remain staked on the platform, you will still get these benefits.
You can also unstack and get your coins in real time to sell or transfer them, but then you will pay a withdrawal fee.
Steps
Deposit some USDT tokens on the platform. Choose the correct network and correct address.
After this, enter the spot market on the Woo platform and buy 1,800 Woo coins.
After this, log in to Woo Staking and stake your entire stake without having to pay fees.
After this, you will get the privilege of purchasing from the platform without any fees at all!
Buy BNB (Binance Coin) without fees
Once you stake your Woo coin stakes, you can buy Binance coins (BNB) without fees on the platform.
Deposit USDT coins again. After this, enter the spot market. Find BNB (Binance Coin).
After you find the coin, you will find an image like the one above that appears to you. You can choose the type of purchase order and note that there are types ranging from limit to market.
A limit order allows you to place purchase orders as soon as the currency drops to a limit of $200, for example, the orders will be executed automatically. But if the currency does not fall to this extent, the order will not be executed.
As for a market order, it withdraws from the liquidity in the order book directly to fulfill the purchase order immediately, but this leads to price slippage.
Usually, a Market order has high fees but since you have staked Woo shares you will not pay any fees in either case.
In general, always choose a limit buy order for large purchase orders, and divide the large orders into several small orders so as not to be exposed to strong price slippage.
You now own BNB (Binance Coins) on the platform and you can choose to withdraw them from the platform without fees or leave them on them. You can also sell these currencies without fees on the platform.
This method is suitable for daily currency traders. If you are trading Binance Coin it is best to do so on the Woo X platform so that you do not pay frequent trading fees.
If you want to invest long-term in the currency as well, you will save a lot of trading fees this way.
You will also be investing in another strong project with a good future in crypto, which is the Woo project.
