When done right, cryptocurrency trading and investments can be very profitable; however, the ecstatic feeling of profits made from trades could be swiftly invalidated due to huge losses paid as network fees, gas fees, service charges, and so on. It’s so paradoxical that on one hand, you’re happy to make money from your trading strategy, and on the other hand, you’re furious that these huge fees are eating deep into your profits.

The possibility of trading in the crypto market without incurring any fees may sound too good to be true; however, the truth is that, indeed, it is possible to trade and invest in the crypto market without paying a dime on gas fees.

In this article, we’ll explore all possible methods and ways to pay zero fees on crypto transactions. But, before diving deep into details, it is important to understand what fees are applicable in cryptocurrency transactions, and why they are important.

What are Fees In Cryptocurrency Transactions?

Crypto transaction fees encompass all payments made during the process of crypto transactions, such as deposits, withdrawals, swaps, sales, or purchases.

For example, if Jack sends Bitcoin worth $500 to Jane, who only receives $495, it means that $5 worth of Bitcoin has been paid as transaction fees.

These transaction fees include, but are not limited to:

• Maker and Taker Fees: Maker and taker fees are charged on Centralized exchanges for providing liquidity and executing market orders. These fees typically range from 0.025% to 1%
• Spread Fees: Instead of charging maker and taker fees, Some CEXs choose to charge spread fees, which are determined by the difference in the purchase price and selling price of an item. For example, if the purchase price for Bitcoin is 23,450 and the selling price is 23,435, the spread fee at that given moment is $15 per Bitcoin. Spread fees are also charged in crypto swap transactions.
• Liquidity pool and Governance Fees: Typically charged by Decentralized exchanges (DEX), where liquidity is decentralized, the trading fees are used to reward people who have staked their assets to provide liquidity in the DEX. Similarly, governance fees are charged to maintain the optimal running of the DEX. For example, SushiSwap charges 0.3% in transaction fees, of which SUSHI token holders obtain 0.05% (governance fees) and Liquidity providers get 0.25%.
• Deposit and Withdrawal Fees: Some wallet service providers charge deposit and withdrawal fees for sending in and taking out crypto assets. Looking back at the example above, Jane could probably have incurred a $2 cost due to a “deposit fee.” Fees charged for deposits and withdrawals could be fixed or commission-based.
• Network Fees: Network fees aren’t paid to exchanges; instead, they are fees paid to the validator (miner/staker) on the blockchain; this helps to reward people maintaining the blockchain, as well as securing the blockchain network. The more scalable a blockchain is, the cheaper the network fees. Network fees on some blockchains may be smaller than a cent, while they could be worth hundreds of dollars on less scalable networks.

Understanding Network Fees and Gas Fees In Cryptocurrency Transactions

Among all the fees listed above, network and gas fees stand out, as they can hardly be sidestepped.

It is possible to find multiple wallets and exchanges that do not charge deposits and withdrawal fees, trading fees (maker/taker & spread fees), or liquidity/governance fees.

However, without offering a fee to the miners and validators who secure and maintain the blockchain, your transaction will not be picked from the pool of transactions, and will inevitably fail.

Nevertheless, the network fees in crypto transactions can be evaded with two unique methods:

1. Free Blockchain Transfers
2. Internal Transfers

1. Free Blockchain Transfers

Certain blockchain networks offer transactions with zero fees, allowing users to transfer cryptocurrencies without incurring network fees. One notable example is the TON (Telegram Open Network) blockchain, which supports free USDT (Tether) transactions.

TON transactions are validated through a proof-of-stake (PoS) consensus algorithm, which eliminates the need for validators to prioritize transactions based on fees. Although fees are necessary, transactions can be validated, with or without them.

TON’s affiliation with Telegram, which recently launched an in-app crypto wallet, is a major driving force for facilitating free USDT transfers, with the aim of onboarding new users to the unique solution.

2. Internal Transfers

Internal transfers involve moving cryptocurrencies within the same wallet or platform, typically facilitated by services like Binance Pay, Cwallet Transfer, or similar in-house transfer mechanisms provided by crypto exchanges. These transactions occur off-chain, meaning they don't involve interactions with the blockchain network.

For instance, Cwallet ID transfers enables users to transfer cryptocurrencies between Cwallet accounts instantly and without fees. This method is advantageous for users who frequently transact within the same platform or ecosystem. Since these transactions don't require blockchain confirmation, they are instantaneous and fee-free.

How To Make an Internal Transfer On Cwallet

To make an internal transfer on Cwallet, both sender and recipient must have a Cwallet account, which automatically comes with a unique “Cwallet ID.” This Cwallet ID can be used to complete all transactions to waive all fees, including the gas fees paid to the network validators and all service fees paid.

Hence, irrespective of network congestion or gas prices, you can easily send and receive cryptocurrencies and NFTs from other Cwallet users without incurring any gas fees. Most importantly, Cwallet charges no fees for all of its services, so you need not worry about hidden fees. The service is absolutely free to use.

It only takes a few seconds to create an account, and you can begin to make deposits and withdrawals.

End Note

One common ground for both new and old traders/investors is the quest to reduce transaction fees to a minimum. As highlighted in this article, exorbitant fees can be a huge turn-off for crypto traders, especially when the profit margins are small, and fees are eating deep into them.

However, with internal transfers and free blockchain transfers, it is possible to execute crypto transfers without fees.

Cwallet's internal transfer feature enables users to transact within the platform with unparalleled ease and without incurring any fees. With a simple Cwallet ID, users unlock a world of fee-less transactions, sidestepping the typical huge network fees and service charges.

So, get started today! Say goodbye to hidden fees and make fee-less transactions with Cwallet today!