LeoDex - The better Hive-Engine alternative with lower fees

in LeoFinance2 months ago

Knowledge is the new rich and you need to arm yourself with it if you really want to succeed. And this applies in every angle of life and I've discovered not to long ago also within the HIVE blockchain when exchanging second layer tokens and paying the fees.

We all deal day by day with a lot of second layer tokens build over the HIVE blockchain and at some point we want to trade them and maybe exchange for HIVE in order to do some powering up. But in order to do this we need first to get the transactioned HIVE in our wallets and we need to do a Withdraw from any exchange where we trade second layer tokens (LEO, DEC, SPT etc.) to HIVE.

Up until this moment I was using Hive-Engine as I got accustomed to it during the years and didn't pay to much attention to the fees it was incurring. This exchange has a clear note on its fees: "There is a 1% fee on all deposits and withdrawals." This might not seem a big charge, but knowing the alternative for it would change your opinion.

Looking at the LeoDex alternative you start to see the difference and wonder why you paid so much in fees all this time. The fee on this exchange is just 0.25%, which means 4X less than on Hive-Engine. On the long run this for sure will make a difference, so I've fully moved to it for such operations and I recommend for you to do the same. Beside this LeoDex interface is much appealing and improved, has mobile trading features, dark theme, advance analysis compared to Hive-Engine, so this is just one more motive to do so.

Posted Using LeoFinance

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Great to see competition.

Always good to spot the better deals... if I would calculate the fees given to all my trade HIVE tokens and deposited or withdraw 1% compared to 0.25%, I am sure I would have gathered a nice sum.

Posted Using LeoFinance

Love the LeoDex!

The only thing I'd add, is that you have to check how much SWAP.HIVE is available for deposits.

Click deposit > check liquidity.

Screen Shot 2020-09-08 at 9.55.30 pm.png

Then scroll to the bottom of the page and view how much SWAP.HIVE is available.

Screen Shot 2020-09-08 at 9.56.18 pm.png

If there isn't any SWAP.HIVE here, then you aren't able to make a deposit.

Posted Using LeoFinance

Yeap...I wondered in which conditions the Liquidity button would make sense and with your feedback I found out. Thanks!

Posted Using LeoFinance

Glad you like LeoDex :)

We'll continue to improve it too. If you ever have suggestions, feel free to make a post about them / drop them in Discord and ping @khal

Posted Using LeoFinance Beta