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RE: Spotlight on Poloniex: Simplex - Poloniex's Entry Point for Fiats
Great Article @jehoshua-shey, The simplest system has really done great by initiating fiat currency to the poloniex exchange, but looking at the fee - 3.5% or $10 per transaction, i think its some how expensive compared to other exchange, however, poloniex exchange remains the best crypto - crypto exchange platform. Thanks for sharing, i glad that poloniex now support fiat currency.
Thanks friend. I really appreciate your reading my post.
True, 3.5% is quite much, even the $10. I think with time, poloniex will sort this issue of high fees on fiat transactions even though the fees is charged by poloniex. This is because poloniex is known for offering one of the lowest fees in the industry. They sure should have their eyes on those high fees charged by simplex and should be working on offering a cheaper means of trading with fiat. They also know what can get crypto users pissed which is why the involved simplex in the first place.
#affable
I am glad that you also noticed this, But based on what you said, since they are known for offering the lowest fees in the industry, probably, this will lure more traders irrespective of the funding fees. Lets hope they get their eyes into this high fees charged by simplex. Thanks for the respond.
#affble
Yeah. You're welcome. Thanks for reading my post once again. I'm glad you found it interesting.
#affable