Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
And mostly what happens is they stay in the exchange to avoid the large transaction fees.
The problem is they will get something out of your trade and then they will take another from your withdrawal.
Miners fee + others. Can't they just change it into dynamic mode? One of the questions I have been trying to look for answers.
Another is like HitBtc which is a robbery. Deposit fees. Ergh. That is just too much if you add the payment that you will have to do from all that little move you made.
