Dexes are higher, not lower, fees compared to bina... @QuipTalk

Asked 1081 days ago
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Dexes are higher, not lower, fees compared to binance

asked 1081 days ago

1 Answers

The answer to the question is that Dexes typically have higher fees than Binance. This is because Binance is a centralized exchange, meaning that transactions are handled by a third party, and the fees for these transactions are typically lower than those of decentralized exchanges (Dexes). Dexes are not run by a third party, and instead rely on a network of nodes to process transactions, which leads to higher fees. However, it should be noted that the fees for Dexes are often much lower than those of traditional exchanges, making them a more affordable option for many users. Additionally, Dexes often offer more features than Binance, such as the ability to trade with other users directly, which can be beneficial for traders.
answered 1081 days ago
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Withdrawal fee is also there
answered 1081 days ago

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