Second, to the blockchain network fees, the biggest cost of doing business on decentralized exchanges (DEXs) is trading fees.
These two, together, significantly eat into your profits and possibly the original capital.
And we both know that you don’t become rich by how much money you make, but by how much you’re able to keep and reinvest to further grow your wealth.
As a result, your goal should be to reduce and possibly eliminate the fees wherever and whenever possible. So that you can keep more of your profits and protect your investment.
On that note, I present you these top 5 DEXs that returns all or a portion of your trading fees back to you in their native token.
You can either HODL these tokens and watch their price increase with time, or swap them to any other cryptocurrency that you wish to accumulate instead.
Top 2 decentralized exchanges that help you save on trading fees
Consider using the following DEXs to save on your trading fees.
This list was made with security, ease of use, and availability of user convenience in mind.
So you can rest assured that using these exchanges means you’re in good hands. They’re not some obscure exchanges.
I know because I use most of them regularly myself.
But of course, this is not financial advice nor an endorsement of any of the exchanges discussed in this post.
With that out of the way, let’s take a look at the 2 exchanges that help you save on trading fees.
1. Save on trading fees with Biswap
Biswap is DEX on Binance Smart Chain (BSC) with the lowest trading fees of 0.1% and up to 100% fee rebate.
Every swap you make on Biswap exchange will earn you BSW tokens worth up to 100% of the trading fee you paid.
For example, I am getting back 100% of the trading fees for the above transaction on Biswap.
Sometimes you may get less than this 100%, it’s normal.
But I have noticed that if you refresh the page or wait for it to automatically refresh itself, you may get a different percentage, usually the full 100%.
So, essentially, you’re paying very little to nothing in trading fees on Biswap, depending on the percentage rebate you execute your trade at.
And if you HODL the token or even stake it in any of the pools on Biswap, you’re technically being paid to trade on the platform.
2. Save on trading fees with MDEX
Mdex is a multi-chain DEX (currently available on Heco and BSC) that equally offers up to 100% of your trading fees back to you in MDX, its native token.
They call this program “trading mining”.
Furthermore, the maths behind MDEX trading mining fee rules are a little complicated.
You can find their maths here. The most important thing is that you get MDX for every trade you make on Mdex.
However, I feel they could be more forward and transparent with the fee rebates by displaying what you get for each trade on the trading page just like Biswap.
Tradings fees are major expenses every crypto investor and trader have to bear and account for.
To maximise your profit and protect your capital you want to pay as little as possible, and even possibly get paid for trading.
What you earn in fees rebates could be converted to your favourite coin or staked to earn interest and further increase your portfolio.