Come to think of it, we said blockchain is bringing decentralized to the world by cryptocurrency and save us from banks , but have we really gotten the decentralized we talking about because I can't imagine exchange taking so much from us by buying the tokens and still not save by keeping our funds in their cares , this makes me think that are we really in decentralized world we talking about or just a mere thinking.
These exchange makes money even more than banks from us, which mean we are enriching someone by doing so,
Do we really need to pay that much for exchanging of token for BTC or any other cryptocurrency if some exchange is charging 0.25% and one is charging 0.15% and even offer 50% discount if their token is used to pay for the fees and still record millions as a profit every month and also take more than what miner takes as charge fees when sending out from their wallet like 0.0005 which is equal to 3$ compare with regular fee which is less to 1$ , and if anything happens to your fund they are less concern , don't you think we are in centralized crypto market even if we can gain from those token we bought and what do you guys think is the best way to really curb this centralized thing from the world ?
Do we need DEX to stop this and are we save in DEX also has some were hacked just of recent?
What do you guys think is the best solution for the fees and how can we decentralized crypto world?
decentralized exchange lack of liquidity and only a few of coin will listed on there.
Bank and cryptocurrency exchange of course not same. You save your fiat currency in bank and it value will be like that. not change at all.
If you buy in cryptocurrency, your coin value will up or down depending on the market situation.
and talk about the fee, Bank will charge you monthly fee too like administration fee and card fee too.
so both of them need a fee to pay for the operational cost.