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> transaction costs in cryptocurrencies tend to be high by financial standards Well if you own the exchange the effective transaction costs are 0.
by tomp 9y ago
> transaction costs in cryptocurrencies tend to be high by financial standards
Well if you own the exchange the effective transaction costs are 0.
- dudus 9y agoThere are transaction costs for exchanges but there are also transaction costs for miners. Coinbase I think just lumps these into a single number, but other places you can choose the amount that goes to miners, on the risk of taking longer to confirm your transaction if you pledge a low amount.
- tomp 9y ago> transaction costs for miners So? We're talking about an index by an exchange. I seriously doubt it that they'd actually transact on the blockchain; and if they would, that's just plain stupid, because it only increases costs without any benefit for the investors (who still don't actually own their coins).