Is swapping of crypto truly free on crypto exchanges? Why does my dollar value reduce after swap?

[King Belieal]

Most of the popular crypto exchanges like BINANCE, Bybit and others claim that swapping from one crypto to the other is free. But I observe that the dollar value of the token always reduce after the swap operation. Is crypto swap on crypto exchanges truly free?

 

[magnus2022]

Honestly, i have equally experienced such scenario where i swap and there is slight difference in my dollar value. Though, the difference is negligible therefore i do ignore it.

 

[Fidelia]

I really don't understand to expand my what happens that the dollar value of the crypto always reduces after the swap.

 

[Suba]

As far as I know, the only free fee is the exchange's admin fee. Even if you swap crypto, you'll be charged a blockchain fee and a spread fee. So, even though we often encounter some major crypto exchanges claiming no swap fees.

 

[Stardom22]

I think that service is not free of charge among the centralised exchanges for that matter. It's like there are some hidden costs being charged on that transactions

 

[Trush Jodie]

As far as I know, the only free fee is the exchange's admin fee. Even if you swap crypto, you'll be charged a blockchain fee and a spread fee. So, even though we often encounter some major crypto exchanges claiming no swap fees.

That particular admin fees? Is it charged by the exchange or by the blockchain? I would want to understand that. Why would an exchange claim no fees when it actually charges fees?

 

[Stardom22]

For me l have done the crypto swap thing for pretty sometimes but l never experienced things like transactions free or something 7

 

[Suba]

That particular admin fees? Is it charged by the exchange or by the blockchain? I would want to understand that. Why would an exchange claim no fees when it actually charges fees?

Blockchain fees, or gas fees, are payable by every crypto transaction, and vary depending on the blockchain. Centralized exchanges charge admin or platform fees, which vary by exchange. Crypto exchanges are not at fault, as they can only waive platform fees; they have no control over blockchain fees.

 

[Nomad]

Some exchanges offer free swap, but their prices differ. For instance, price on one exchange is not always same as in another exchange