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Title: Is the crypto exchange with no fee a scam or a working business model? Post by: Southalex on August 14, 2018, 01:21:34 PM Hey, guys! We have an idea to create a cryptocurrency without any fee, and we are planning to earn money on premium accounts. We want to limit the volume of daily trades on a free subscription but that it would be adequate. And premium subscriptions would be bought by experienced traders. Please, tell us , what is the appropriate limit for this? Or if you have any ideas, what other nice features can be shipped in a premium subscription, share these ideas with us, please! Thanks a lot!
Title: Re: Is the crypto exchange with no fee a scam or a working business model? Post by: Dilerium90 on August 14, 2018, 02:42:58 PM In any case, to grow to the point where you can make money on premium accounts, you need some other mechanism for extracting money, otherwise it does not happen. The commission, although minimal, should be in my opinion.
Title: Re: Is the crypto exchange with no fee a scam or a working business model? Post by: cellard on August 14, 2018, 04:08:51 PM I would use such a service since im not a day trader and I trade in very occasions, when I need to dump altcoins or bitcoin mostly, or when some genius decides to fork bitcoin again and I need to dump the forkcoins etc..., in this case, I would use the free subscription.
But when it comes to daytraders, you will need to offer an extra, otherwise people will not stay in your exchange. You must have data of how many trades the average trader does and offer them a better deal than paying fees in the regular exchanges. To make money off people that use the free subscription, add some ads with adsense, and premium accounts would disable these ads. I don't mind ads if they aren't annoying (no pop ups and crap like that). |