Hello I understand there are several exchanges that offer 0 commissions but I saw a video in which they explained that these 0 commissions have trap ... if I remember correctly was something related to the slippage ... Has anyone used any of these platforms that offer 0 commissions? what is your experience?
I imagine that in those exchanges one does not have so much control with the losses and stop losses, right?
On another hand, according to a video I saw to transfer the balance from one exchange to another the best way to pay less commissions is to use litecoin? most videos simply suggest using bitcoin?
And one last question, I can transfer a small amount (for example 5 euros) for example from coinbase pro to kucoin and start trading in kucoin with that amount, right? the minimum deposit is for card payments and transfers, right?
I don't know about 0-fees, but there are a lot of platforms where the fees/commisions are hidden in the price without telling. I guess that's the slippage you're talking about.
So you don't see a fee, but the price you're buying at is higher than the normal price from the other exchanges and the price you're selling at is lower than what you'd see at other exchanges.
I've seen this behavior at certain crypto card businesses and basically all bitcoin ATMs.
About 5$ from Coinbase Pro.. I don't have account there, but I am almost sure you cannot do that. Just take a look at Coinbase Pro minimum amount you can withdraw and what's the fee for it. Most exchanges have quite big withdrawal fees (usually incorrectly calling them miner fees), just the fee alone being bigger than 5$.
