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How the Top 3 Exchanges Make Money

Started By ALTUS, Jul 26 2021 08:19 PM

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ALTUS

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XMRCRASH.GG

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Posted 26 July 2021 - 08:19 PM

Find out how the top 3 exchanges make their dough over on our Medium blog: https://altusfinance...ey-f2846bff0093

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Ichurami

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Posted 15 August 2021 - 01:53 AM

Can you post a TL;DR? Not really in the mood for reading a long article.

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Posted 15 August 2021 - 02:34 AM

The main source of income for a cryptocurrency exchange is the fees they charge traders. Some exchange can provide users with much lower fees though, because they are using peer-to-peer architecture that cuts down on operating costs. This means that next time you want to trade some doge to btc, go to Changelly and you will save a lot of money on the trading and withdrawal fees. Bitcoin's transaction cost is quite high, so by eliminating the need to deposit and withdraw your coins, exchange saves both you and itself a ton in miner fees.