Re:Crypto dominoes fall in the wake of FTX's collapse
by Robin_Message on Thursday November 17, 2022 @12:53PM
(#33642807)
I'm not a crypto user, but charging 10% to swap one set of bits for another doesn't seem like a viable business model.
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Re:Crypto dominoes fall in the wake of FTX's collapse
by adabyron on Thursday November 17, 2022 @01:51PM
(#33643697)
The numbers are all over the place. Just an FYI, 10% in this context is APY or the return after letting it sit for a year. It's not 10% each transaction. I believe each cryptocurrency has their own fees & they're all very different. I think many are fixed fees, so the percentage varies depending on how large of a transaction you're doing.