How to Swap Cryptocurrencies Without Fees: A Complete Guide

Cryptocurrency has become a common term; people now even pay for groceries and purchases with cryptocurrencies. Transactions using cryptocurrencies have become important as technology and its adoption mature.  Swapping is an important form of transaction within the cryptocurrency sector. A crypto swap is the direct exchange of one cryptocurrency for another without converting the crypto into a fiat currency like USD, KRW, INR, etc. Generally, crypto swaps without any kind of fees are not possible; crypto platforms usually impose operating costs or gas fees. However, certain innovative platforms and methods allow you to swap cryptocurrencies without platform fees. 

1. Zero-Fee Centralized Exchanges (CEXs)

Using zero-fee centralized exchanges is one of the ideal ways to swap your cryptocurrencies without gas or platform fees. While using these kinds of exchanges, remember that not all centralized exchanges offer zero-fee swaps, and not all crypto pairs are eligible for them.  To provide zero-fee services, they use automated market makers (AMM) and liquidity pools for instant execution. This type of conditional zero-fee trading is available on platforms like Binance, Coinbase, MEXC, and Robinhood.  

Binance offers a zero-fee swap for major pairs like BTC/USDT.  Coinbase provides a subscription model that allows you to swap crypto without gas fees on a monthly allowance of volume for a subscription fee.  Platforms like MEXC and Revolut offer 0% maker fees, and Robinhood offers commission-free trading. 

2. Fee-Free DEX Aggregators

Some decentralized cryptocurrency exchanges offer 0% service fees, including for cryptocurrency swapping. A fee-free DEX aggregator is a service that aggregates liquidity from multiple decentralized exchanges to find and provide the best trading pairs for the users. Occasionally, these aggregators offer gasless swaps for certain operations; users can rely on these specific operations to swap their cryptocurrencies without spending an extra penny. These kinds of platforms do not charge a fee for their aggregation service and find users gas-efficient routes to reduce additional network costs. Platforms such as CowSwap require no service fee, but a gas fee. 1inch Fusion mode offers cryptocurrency swaps that have no gas fee and platform fees. Platforms like Uniswap and PancakeSwap require no platform fee, but users need to pay the LP fee. 

3. Gasless Swap Features

Gasless swap features are available on platforms like 1inch. The 1inch Fusion Mode available in the platform is one of the closest methods to true zero-fee crypto swaps. In 1inch Fusion Mode, users don’t need to pay platform fee, gas fee, there will not be MEV loss, and slippage. To facilitate zero-fee transactions, 1inch uses special market makers termed “Resolvers. ” On these kinds of platforms, these resolvers pay gas fees for users and make it completely free.    

4. Swap Directly Using P2P Services

The P2P services are available in almost every cryptocurrency exchange. Users can swap their cryptocurrencies directly with another user without any platform fees. The p2p transaction is free because there is no trading engine involved in the transaction; you are just exchanging your digital assets with another user. Platforms such as Binance P2P, OKX P2P, LocalCryptos, and Telegram OTC groups allow users to use P2P services and send their cryptocurrencies without any additional platform fees. 

These are the common methods that allow users to swap their cryptocurrencies without bearing transaction or gas fees. Swapping one cryptocurrency for another digital asset is commonly considered a taxable event in many countries and jurisdictions, so consulting a financial expert or tax advisor is ideal. 

The Borrom Line On Swap Cryptocurrencies Without Fees

Transactions using cryptocurrencies are common now, and they generally require a platform fee to be completed. Platform fees vary and are completely based on the service provider’s terms and policies. Cryptocurrency holders need to understand that some cost is always involved in a crypto transaction. Costs take different forms and are imposed under various names, such as network (gas) fees, hidden spreads, or platform subscription charges. People who frequently transact with cryptocurrencies should focus on minimizing these costs by using some exclusive strategies and platforms like zero-fee CEXs, gasless swap features, fee-free DEX aggregator services, etc. Remember that pure zero-fee services are rare, but users can employ multiple strategies that will benefit and reduce platform fees.