USDC to DAI 260 EURO exchange fee !!

[boomy]

I didn't believe my eyes when I saw the exchange fee of bloody €260 to exchange €3100 woth USDC to DAI!!!

Isn't there any cheaper exchange, this is outrage😡😡

 

[JohnLocke]

Wow, I noticed the same with most of these tokens / stable coins. USDC and TETHER is the same!

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[khinkali]

For a simple trade on a regulated exchange, Coinbase would give a good price:

• pro.coinbase.com/trade/DAI-USDC

Or you can go to other big exchanges such as Binance for USDC->USDT->DAI or USDC->ETH->DAI. Even with two trading fees and two spreads, the cost will be low.

I think the exchange you screenshotted gives a service to people who aren't keen on the big exchanges.

You can go the deFi route if you know what you're doing:

• 1inch.exchange/#/USDC/DAI
• www.curve.fi/trade/compound_usdt_y_busd_susdv2_pax/DAI-USDC/30m
• app.uniswap.org/#/swap?inputCurrency=0x6b175474e89094c44da98b954eedeac495271d0f&outputCurrency=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
• trade.dydx.exchange/markets/pairs/DAI-USDC

But always be careful , links like the uniswap one above can easily send you to a similar coin with no value.