5 ms·
Fees are cheaper on centralized exchanges. Like with everything else in crypto, transaction fees kneecap most of the cool stuff.
by doorman2 4y ago
Fees are cheaper on centralized exchanges. Like with everything else in crypto, transaction fees kneecap most of the cool stuff.
- listenallyall 4y agoIsn't that a pretty lame excuse? In exchange for saving a few dollars, you're going to hand over the keys to your entire account -- or possibly your entire net worth -- to an unknown, unregulated, unaccountable corporation?
- doorman2 4y agoIt's not an excuse, just an economic reality. People prescribe value to things. The value of a typical transaction at a centralized exchange isn't worth the on-chain transaction cost. That's a problem with current blockchains, not a problem with the purchaser.
- anonym29 4y agoI can send thousands of dollars (with a 'priority' fee schedule) for less than a dollar in fees over the plain 'ol regular BTC network. It may be an economic reality, but it's a negligible one.
- listenallyall 4y ago> That's a problem with current blockchains So another "crypto fixes that" that really, it doesn't fix