A short introduction to Curve Finance

Curve Finance is built on Ethereum and is a decentralized exchange that facilitates the user’s trading of Stablecoin, earning income for pool providers from trading fees, and the risk is minimum. It was launched in the year 2020. If you are a new user and want to use Curve Finance, then you must have an account on at least one of the following wallets:

• WalletLink
• MetaMask
• Fortmatic
• WalletConnect
• Ledger
• Authereum
• Torus
• Lattice
• Trezor
• Portis

In this blog, we will briefly explain the learning Curve meaning.

Meaning of Curve Line

Before we begin trading, let us first get to know a brief about some of the Curve Lines that might be helpful for new users.

Curve Line presents the market condition visually, it shows whether the market prices are high, low, or completely stable. The reading of curve lines might seem difficult at first but if want to be a trader and do not want to bear losses all the time then learning these lines might help. Therefore, before you begin to trade you should at least know some of its basics. 

Curve Finance Trading Fee

If we talk about centralized exchanges, then you would know that there is a system of trading fees in the form of Maker and Taker Fee. Usually, Makers are the ones whose main function is to add liquidity in the market and those who create orders of their choice and put them in the order book. Whereas, if we talk about Takers they are the ones who take the order made by the Makers from the order book and decrease the liquidity in the market. It is seen that the trading fee of the maker is lower as compared to the trading fee of the taker.

But Curve Finance is a decentralized exchange and most of them do not charge any trading fees from their users. And per our recent research, and consumer reviews we have come to the conclusion that Curve Finance belongs to that group of decentralized exchanges that do not charge fees at all. 

Withdrawal Fees of Curve Finance

As we have talked about it in the above section, this platform is a decentralized exchange that does not belong to the category of those who do not charge any trading or withdrawal fees except for network fees. These network fees are not transferred to the exchange, this fee is sent to the blockchain network to execute your transaction successfully. Do not think that the fees charged are the same, the fee may vary from time to time depending on the network connection. 

Bottom Line

Curve Finance does not accept any of the deposits made in the form of fiat currency which automatically means that if you are just a beginner and do not hold any of the cryptocurrency. This implies that the platform is suitable for beginners. And if you want to purchase cryptos then you will have to search for an entry-level exchange to begin your trading process.