Binance is a centralized exchange that holds your funds. On binance your orders are processed by the trading engine.
We're peer-to-peer exchange & we do not hold your funds. On Hodl Hodl you're trading directly with other users.
I understand that, but I don't understand why your fees are a multitude higher. I know there is a cost for on chain transactions. However there is a lot less risk. Binance just paired out what 7000 Bitcoin that where stolen, out of pocket.
Another thing is Binance is going decentralized. Maybe not as decentralized as Bitcoin, but at leased customers will have control of their keys. They are live already see Binance.org
So why bother with your high fees and near zero liquidity?
If you want to become relevant you need to increase liquidity. Makers will only come if your fees are zero or near zero.
Hodl Hodl is a global P2P Bitcoin exchange, that allows users to trade directly with each other and it doesn’t hold user’s funds — locking it in multisig escrow instead. This minimizes the possibility of crypto assets theft and reduces trading time.
The main difference between Hodl Hodl and other P2P cryptocurrency exchanges is that we do not hold user’s funds and do not have KYC/AML procedures. Hodl Hodl is also cheaper than most of the other P2P exchanges, with a maximum fee of 0.6% per trade.
Thanks for your support & interest! We hope this feature will make the Bitcoin ecosystem better.