Cryptocurrency Exchange with the Lowest Fees
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In the cryptocurrency market, you can find a large number of cryptocurrency trading sites. Basically, they are divided into centralised and decentralised exchanges. A centralised (CEX) cryptocurrency exchange operates under a central regulatory body and does not allow any illegal transactions with cryptocurrency. You can find many trading tools on centralised cryptocurrency exchanges and find earning opportunities. It supports a large number of digital currencies, allowing you to deposit and withdraw money with bank cards. CEX imposes transaction fees for trading. During the trading and investment process, users' assets are stored in CEX wallets. This ensures the security of funds.
Decentralised cryptocurrency exchanges (DEX) do not control transactions and do not protect users from hacker attacks. They charge users for transactions as an intermediary service. DEX does not store users' funds. Instead, funds move between users' own wallets.
Both types of cryptocurrency trading sites are common for traders and investors. However, for beginners, we recommend using CEX or rapidz.io as they are safer and easier to use. Being able to follow live crypto exchanges is very important in this regard.
According to which criteria are cryptocurrency exchanges selected?
When evaluating CEX, it is necessary to review the following main parameters:
- reputation and reviews on the Internet;
- transaction fees
- Trading tools;
- ease of interface
- customer support
- level of protection;
- number of supported currencies.
Cryptocurrency trading involves speculating on changes in asset prices. Most trading strategies consist of maintaining multiple positions throughout the day by speculating on changes in asset prices. A fee is charged for each trade. Therefore, you need to consider trading fees when choosing a cryptocurrency exchange.
In terms of fees, the WhiteBIT cryptocurrency exchange offers many advantageous opportunities. A commission of 0.10% applies to all transactions, regardless of the amount. Users should also take into account the bank's fee if they deposit money from a bank card. Monobank customers can deposit and withdraw funds on the WhiteBIT exchange without fees.
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