Trades on an exchange aren't on-chain, so transaction fees don't apply. The fees... | Hacker News

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		Obi_Juan_Kenobi on July 7, 2017 \| parent \| context \| favorite \| on: Amazon engineer will let strangers manage his $50,... Trades on an exchange aren't on-chain, so transaction fees don't apply. The fees are whatever the exchange sets.

stale2002 on July 7, 2017 [–]

And those fees are usually quite high. Like, around 0.2% to 0.5%.

This is actually HIGHER than the on chain transaction costs.

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