Benefits to Start Using Bitshares Decentralized Exchange to Exchange Crypto and Keep Crypto Portfolio Safe instead of Using Centralized Exchanges Like Bittrex Poloniex or Others

View this thread on: d.buzz | hive.blog | peakd.com | ecency.com
·@gold84·
0.000 HBD
Benefits to Start Using Bitshares Decentralized Exchange to Exchange Crypto and Keep Crypto Portfolio Safe instead of Using Centralized Exchanges Like Bittrex Poloniex or Others
Hi Steemians,

Many of you for sure know about [Bitshares](https://wallet.bitshares.org/?r=goldaab17) (This link will let them now I referred you), and all its qualities and advantages.

For those who know a lot about Bitshares, it will be great you can add more in the comments below. Today I will focus on explaining about 3 important things about Bitshares.

1- The greatness of its decentralized exchange
2- The low fees of transactions
3- The in-built wallet


![Bitshares Decentralized Exchange - Benefits vs Centralized Exchanges Bittrex Poloniex - Steem Blockchain - Steemit.jpg](https://steemitimages.com/DQmTNVrPRPLkJbYXMTSa3Ur8LBp5jH94GBx5bUVdL8wYfM4/Bitshares%20Decentralized%20Exchange%20-%20Benefits%20vs%20Centralized%20Exchanges%20Bittrex%20Poloniex%20-%20Steem%20Blockchain%20-%20Steemit.jpg)


1- The greatness of its decentralized exchange
--

Bitshares with its decentralized exchange gives as the possibility to trade between several important pairs like (BTC and ETH, BTC and LTC, and many others) as well as (BTS with Steem, BTS with SBD, BTS with BTC ETH and LTC) and many more, and its adding more over time. It also has Smartcoins, that are bitUSD, bitCNY and others, that are very stable and are pegged to 1 USD as much as possible. (More on Smartcoins in a future post).
Nobody controls our funds, our crypto is always on our control.


2- The low fees of transactions
--

When signing up with the Bitshares basic membership, the exchange has very low fees for trading. There are also some extra fees from the networks of each specific crypto that are added. This can be seen when placing an order.

It also offers the possibility to get a lifetime membership and its very low right now compared to months ago. Now its around 113 bts which is $30 USD at the time of writting. With this membership fees go even lower, just marginal.



3- The in-built wallet
--

Bitshares as an in-built wallet with a decentralized exchange brings the main advantage that you are always the owner of your crypto in the sense you don't leave it with a third party centralized exchange. You have your wallet and when you want to exchange, it shows your balance on the pair and you just decide on the amount and price you want to pay, same as on any centralized exchange.

This is a great advantage, because your funds can't be frozen, you are always in control of them.


Did you already know about Bitshares?


Hope this is useful!


Regards, @gold84
👍 , , , , , , , , , , , , , , , , , , , , , , , ,