We all know that binance is very popular exchange.In the past eight months, the use of the binance has increased very rapidly. This is the reason why BNB coin repeatedly breaks its all-time high value. but last few month we see so many controversy of some exchange regarding hacking of cryptocurrency .
This is the reason why the trust of the people has increased to Descentralized Exchanges .and switcheo is a decentralized exchange . Allowing our users to trade as if they are on a centralized exchange.and SWTH is cryptocurrency of switcheo exchange. which is very similar to BNB.Sweatcheo also burns its coins like binance, which will reduce its supply a little later, which can increase its cost. Switcheo exchange will be charging 0.15% taker fees. When using SWTH for trading fees, trading fees will be reduced to 0.075% (50% discount), and all maker orders have 0 fees!
There is also be no deposit or withdrawal fees since settlement is done on the blockchain.Switcheo Exchange is going to lonch there version 2.0 after that it is able to trade with QRC20 or qutm blockchain token as well. After that we can think that the trading volume will be very high.
Switcheo's team is very active and it is making every possible effort to make the Exchange the number one descentralized exchange in which these people are also successful and I think the SwitchesOne exchange will leave binance behind in the future! !
If you want to know more about switches, you can watch the video :
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