Here in this blog post, we will discuss the 04 crypto exchanges with fees, you can buy the crypto at a very low price and also you can compare them with each other. You can invest $100 in each crypto exchange platform.
There is very popular 04 crypto exchange given below:
The most expensive fee that is for a coin spot is $2.81. The Coinspot platform is very easy to use and very easy to navigate. However, one thing I did notice was they weren’t as transparent about their fees compared to other platforms.
Swyftx Exchange has a fee of $1.77. This platform is very easy to use and very intuitive they have relatively low fees and they were quite transparent about how many fees were charged. And it is also easy to navigate the transaction history to see how many fees were charged in each transaction.
Something very good thing in the Swyftx is you can also trade with US Dollars, Australian dollars, and Newzealand dollars as well.
Binance Exchange has a fee of $0.39. Binance has actually seven times less than other crypto exchanges. Binance has the lowest fees but it’s very confusing for new crypto buyers. Binance not showing the transaction history compared to the other platforms.
04) DS ( Digital Sure )
Swyftx Exchange has a fee of $1.44. This doesn’t seem like a lot of money in the grand scheme of things but remember we were only transferring $100 Bitcoin. So of course, as you do trade more crypto or purchase crypto these fees really do start to add.
This platform is very easy to use and very intuitive they have relatively low fees and they were quite transparent about how many fees were charged.
All 04 ( Four ) platform has instant transfer and instant withdrawals using payment platform like OSCO. Coinspot withdrawals were a little bit slower, but you can receive money on the same day in your bank account. The process of buying and selling crypto is quite different on every platform.
How to pick a crypto exchange?
a) You should see the fees of that exchange platform ( and since you are holding cryptocurrency, there are more than 100+ Cryptos )
b) Level of expertise ( Buy and sell )
How to be secure from hack crypto?
The simple way you can use the 02 Factor authentication service. ( Or by using the Google Authenticator app ).
Why bitcoin is getting at a different price on different platforms?
It is due to spreads. ( Now you will be thinking about what is spread so below is mentioned)
What are Spreads?
The price difference between what someone is willing to pay and what someone is willing to sell. The spread is if someone wants to sell Bitcoin at $20,000 and another person wants to buy it at $18,000, then the spread will be $2,000 per Bitcoin.
Why there is a spread in Crypto Exchanges?
Because it is an easy way to get some fees as well but it’s also in all traditional markets as we see in it forex and CFDS and you have the spread because sometimes you don’t have the sort of volume that you need on the exchange in order to get a tighter spread so some exchange talk about having a very close spread or near zero spread which means the price difference between the buyer and seller.
With this crypto exchange platform, characteristics are very important.