How can a zero-fee crypto exchange be more expensive than one charging trading fees?

A zero commission does not mean a zero-cost execution. Spread, price impact, conversion markups and withdrawal charges can exceed a visible trading fee.

The answer

A zero commission does not mean a zero-cost execution. Spread, price impact, conversion markups and withdrawal charges can exceed a visible trading fee.

What to do next

Compare the final amount received for an identical trade size after all costs and network withdrawals.

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