Why you shouldn't play with small exchanges, especially with altcoins from small exchanges? Although their reverse transaction fees might be much higher than Binance, you must remember that exchanges are here to make money; the profits come from the users. Today, I will explain some of the intricacies to you.

The trading pairs on small exchanges, especially altcoins, are mostly data-driven by bots, with very poor depth. Slippage from a few thousand USDT positions can even exceed 1%. You might face a price difference of 2% when buying and selling.

You might say, 'Can't I just place a limit order?' Yes, placing a limit order can fix your buying or selling price, but don't forget, the counterparties on small exchanges are all bots, and they will adjust the price difference against you.

For example: If your sell order is at 2 USDT, on Binance the price might rise to 2 USDT and your order will get executed, but on a small exchange, it might be that by the time the price on Binance has risen to 2.01, your order will only then be taken by the bot, creating an invisible price difference.

Don't be greedy for small profits. I've used many exchanges, and only Binance is the most reliable. It is the leader among all exchanges for a reason. Other exchanges can offer you high 🍚 commissions because every time you trade, they make money. Don't be greedy for small profits.

If you haven't activated Binance's rebate, you can come to me; I do not recommend other small exchanges.

My rebate link: https://www.bmwweb.net/join?ref=ZLMG260L