Coinbase, Gemini and Kraken are the biggest centralized cryptocurrency exchanges in the U.S., but smaller and often decentralized exchanges are coming in, helping investors looking to dodge fees.
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Imagine your digital purchase being blown apart and going through multiple pipes and each pipe charges a tiny amount until it goes through the Coinbase or Gemini pipe. It’s sort of like that. Call that cryptocurrency blockchain for dummies. I won’t pretend I’m a Wired geek on this one. I’m just an investor.
This is why I invested in 1inch; for the DEX play. I haven’t done well in it yet , but I put some more money to work in 1Inch on Friday. I do not own Coinbase. For example, PayPal helps contribute to smoothing out fee issues because now anyone can send crypto to one-another for free on PayPal. That’s moving in the right direction.
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