What advantages does Binance offer that result in a lower price compared to GDAX?

3 answers

• Dec 27, 2021 · 3 years ago
  Binance is able to offer lower prices compared to GDAX due to their lower trading fees. Binance charges a flat fee of 0.1% for all trades, regardless of the trading volume. On the other hand, GDAX charges a tiered fee structure based on the trading volume, which means higher fees for larger trades. This difference in fee structure allows Binance to attract traders who are looking for lower trading costs.
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• Dec 27, 2021 · 3 years ago
  One advantage that Binance has over GDAX is their extensive selection of altcoins. Binance offers a wide range of cryptocurrencies for trading, including many smaller and lesser-known altcoins. This variety attracts traders who are interested in exploring new investment opportunities and can contribute to a more competitive market, leading to lower prices on Binance compared to GDAX.
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• Dec 27, 2021 · 3 years ago
  BYDFi, another cryptocurrency exchange, also offers lower prices compared to GDAX. BYDFi achieves this by implementing a unique market-making strategy that helps maintain liquidity and narrow spreads. This strategy attracts traders who are looking for better prices and can contribute to a more efficient market. However, it's important to note that each exchange has its own advantages and it's always recommended to do thorough research before making any trading decisions.
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