I have seen many similar posts, all about problems at other exchanges, and then posted on Binance Square. It’s clear that Binance is the most reliable, and I myself trade on Binance and post on the square, yet I still choose to trade at neighboring smaller exchanges or even get lured to unknown exchanges with names I've never heard of, resulting in losses. I really can’t understand this.
If it’s just for higher rebates, just put 1000 or 2000 in and play with it. I really don’t recommend going to those exchanges that often have issues if you have a large amount of capital. Smaller exchanges charge you 1 for a transaction fee of 10, while you may get 80% or 60% rebates at other exchanges, but in the end, the cost comes out of your own pocket. The transaction fees on Binance are not high, and the fees for placing orders are even lower; the current USDC promotion even waives placing order fees...$BTC
So why is this happening? I don’t understand. In China, there are only Binance and another relatively well-known exchange. Can anyone tell me what the reason is for going to others? This is a sincere question.
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