Every exchange can siphon off a small percentage, which turns into huge profits for the exchange and they hope you don't notice or complain.
The exchanges love all the exchanging going on - all the minnows are making the folks that own the exchanges rich
STEEM On!!
Sometimes, even after paying the fees, exchanges offer more value because of lucrative prices of Steem or Steem Dollars. That's why I have covered them in such a detail. If you check my previous post, the tutorial #1, you'll see that I covered internal market first.
Exactly!! you have stole my mind with that comment!! lol... especially Poloniex which I call POLIONEXT ...I dont have wallets except for here and whenever I will have to exchange in the future I will chose Bittrex but then again by that time some exchange services would have quit out making the competition tighter...hopefully when I make my first exchange! ;)
I duly mentioned the hazards of Poloniex and didn't cover it at all. Did you see that? Nothing on Poloniex yet anyone who wants to use it can do via this guide.
I can only watch and see ..
https://steemit.com/husband/@nwoye/story-of-the-day
https://steemit.com/husband/@nwoye/story-of-the-day