April 24, 2024

Current Crypto Exchanges. In fact, CryptoExchanges are kitchens?

Greetings to all!

I am mastering the topic of Crypto investing, please share your experience.

What Crypto Exchangesrelevant now? Does anyone have experience with withdrawing money?

I came to the conclusion that any Crypto Exchange iskitchen. Just because the commissions on the same Binance, as I understand it, are 0.1%, which means transactions are not recorded in blockchains, because then the commission would be about $ 10.

also if you look at the quotes, then thereliquidity is almost bottomless, especially for illiquid assets. that is, it is obvious that the exchange itself acts as a market maker and counterparty. that is, it works like a typical forex kitchen.

From here I immediately conclude that not a single exchange is interested in withdrawing money, since these are its direct losses.

so far, I consider only Binance as the most decent of all the other muddy sharags.

Does Binance withdraw money to citizens of the Russian Federation?

Another interesting ftx.com, who had experience?

Who thinks what?