Why trading on Deex is more profitable than on centralized exchanges

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As you probably know, Deex is a decentralized exchange. This means that all the orders and trades within the exchange exist as blockchain transactions. Simply say they are the records in a decentralized ledger. Therefore they are charged as Bitshares transactions fee.

In case of Deex exchange you pay transaction fees in Deex token in the following way:
Place an order – 0.1263 Deex
Cancel order – 0.1263 Deex

Let’s take a look at how this price is different from what other exchanges offer.

Bittrex

    Bittrex is one of the oldest (founded in 2013) and the most reputable exchanges operating in the US. They have a flat fee structure, charging 0.25% for any trade.
     

  • In case you trade $100 you pay $0.25
  • In case you trade $10 000 you pay $25
  • In case you trade $1 000 0000 you pay $2 500

This does not look like a good option for those who trade with large volumes.

Bitfinex

    Bitfinex is also an old exchange with a good name and high volumes being traded there. The exchange is registered in Hong Kong and has a lot of Asian traders. Bitfinex has a more flexible approach than Bittrex. Although the basic maker fee is $0.1 and taker fee is $0.2, they have some discounts for those who trade with large volumes.
     

  • In case you trade $100 you pay $0.1 and the order taker pays $0.2
  • In case you trade $10 000 you pay $10 and the order taker pays $20
  • In case you trade $1 000 0000 you pay $600 and the order taker pays $2 000

For those who trade often or with large volumes this either does not seem as a good deal for large or frequent transactions.

Binance
Binance is probably one of the fastest growing exchanges during the last 2 years. The exchange got the Malta license and tries to expand globally as much as possible. The basic trade commission on Binance is $0.1. However due to the proactive marketing strategy, Binance tries to acquire loyal traders and also to promote their native BNB token.

    So imagine that you are trading let’s say more than 500 BTC (!!!) per month (which is a huge amount indeed) and you have reached a VIP-2 status according to the Binance hierarchy. So than
     

  • In case you trade $100 you pay $0.08 and the order taker pays $0.1
  • In case you trade $10 000 you pay $8 and the order taker pays $10
  • In case you trade $1 000 0000 you pay $800 and the order taker pays $1 000

This structure seems to be flexible and loyal for the high-volume traders, however the fees are still pretty high.

So let’s see how does this work compared with Deex exchange

Let’s assume 1 Deex = 1 Cent. The price may vary, but this is the case at the moment. So the comparison table would look like the following:

So let’s see how does this work compared with Deex exchange

We see that a fee charged for any sufficient trade is much lower than on centralized exchanges. Moreover for the high-volume trades, let’s say $1 000 000, the trading fees on Deex are thousands, or even a million times lower than on some centralized exchanges.

This is what the true decentralization brings to the trading industry !

Децентрализованная криптобиржа

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