Blocktrades vs Binance - A quick comparison

in #steem6 years ago

So, you have 3 ETHs and want to buy some STEEM.

1. Blocktrades


Screen Shot 2018-06-18 at 10.55.39 AM.png

2. Binance


Screen Shot 2018-06-18 at 10.56.08 AM.png


Turns out the commission of @blocktrades is quite high. Do the math before powering up.

Sort:  

Great advice. The lazy investor always pays high fees. Be informed!

Also the prices of currencies are different.

True... Blocktrades needs improvement...

You got a 2.64% upvote from @postpromoter courtesy of @emrebeyler!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

What are steem withdrawal fees on binance?

0.01 STEEM or something small like that

0.01 Steem -> https://www.binance.com/fees.html

Keep in mind that binance dont offer SBD support!

I was blindly loving blockades before seeing this :(

Wow ... amazing ... explanations as well as very useful information. Hopefully more successful friends

Posted using Partiko Android

Trading at blocktrades is quite costly in comparison to binance. In binance you can also fix the bid rate but this option is not available in blocktrades.

oh my god @blocktrades is it true ?

Its true and the difference makes sense. @blocktrades has its own reserve while in binance you buy from other people.

But blocktrades supports more currencies. Binance has only 3 pairs btc/steem, eth/steem, bnb/steem. In blocktrades you can change also xmr, ltc, doge, dash and more. What if you want to change some doge? Binance dont support doge. You will have to use another market to get eth first before u can use binance. 2 changes. Cheaper at last? Dont think so

Coin Marketplace

STEEM 0.16
TRX 0.13
JST 0.027
BTC 58440.50
ETH 2618.70
USDT 1.00
SBD 2.39