Bitcoin Forum

We are making research about free crypto trading platforms.

Can anyone suggest some good exchanges without trading and withdrawal fees?

BTW if there are free crypto exchanges why they are not very popular?

You don't expect to see free ones. The only situation where this might be possible is going to be for promotional purposes and most times its always for selected few who registered early on the site as a way of compensating for their loyalty and trust of a new site coming to the market and for a definite period of time. If its free, how would the security of the site be maintained, or how would they pay their staff, ensure liquidity and other cost of running an effective exchange platform.

Cobinhood claims to be a zero fee cryptocurrency exchange: https://cobinhood.com/home (https://cobinhood.com/home)

No one will give free services for you and if someone saying they are offering free services never send your money into those accounts because your account will be frozen once you deposit your money there.The fee are collected because they are giving some services to us and they also have to maintain staffs for that site so they can't provide this service for free,unless you do. ::)

Exactly mate, as of now no one service offered for free. Exchange site will have profit by collecting from clients fees during they have a transaction either it is deposit or withdrawal transactions. So, let us accept the fact that we need to pay for them for better good service aside from those shitty exchange that having a ton of issues. That's the reason why I stored my coins in exchange while it is a small amount that not enough to cover the fees.

I cant suggest since theres no exchange that doesnt have withdrawal fees. Anything that makes transactions specially withdrawals would really need the fee. They didnt built a charity to make it free for you.

There are lots of unpopular exchangers but it doesnt matter since they dont give free fees at all into its traders so its pointless.

The trading fees are most, if not all, of their revenues. It costs a lot of money to create, manage, secure such infrastructures. Why should you get the infrastructure for free while they paid millions?

>dogetalk
>Cobinhood claims to be a zero fee cryptocurrency exchange: https://cobinhood.com/home

Looks like that this is the only one exchange in the market.....

>The trading fees are most, if not all, of their revenues. It costs a lot of money to create, manage, secure such infrastructures. Why should you get the >infrastructure for free while they paid millions?
 
Based on my experience there is a lot of marketing hype around "paid millions". Team of 3 people can easily create exchange.

So the FEE is a sign that exchange is a secure? :) Or there are other signs that you check before deciding to use the exchange?

>If its free, how would the security of the site be maintained, or how would they pay their staff, ensure liquidity and other cost of running an effective
>exchange platform.

I think that free exchange could earn money from extra/premium services. For example - listing fees, ads, fee to get your order processed first, margin trading fees.... or exit by selling the project to a competitor for BIG money.

I have never found the crypto exchange platform without the fees because it is not reasonable from their side to provide services for free. I don't consider this to be a big problem as the fees aren't huge

How much fees to do you usually pay monthly?

If ever there are really crypto exchanges that offer free withdrawal, it might be not worthy to put a shot since; a) it's not popular b) doesn't have a clear terms. c) might be shady because come on, free service?

A legit and trustworthy trading exchanges obviously have some fees in order to run and operate smoothly.

Much better if you do research for comparison of trading/withdrawal fees per crypto trading platforms.

CobinHood has withdraw fees. https://cobinhood.zendesk.com/hc/en-us/articles/360000448431-What-are-the-withdrawal-fees-

They're not too bad. You may make enough profits since you don't pay trading fees to pay for the withdraw fees. Or at least you should be able to if you're trading a substantial amount of money.

There are no free exchange platforms out there that will do it for free, if there are they are a scam and you should stay away from them because they will defiantly take your money, the thing that you should be looking for is the exchange with the lowest fees on exchange and withdraw, and for this recommend using livecoin.net which i have found that it is the lowest by far.

Hi Valera,try checking out this link https://coinmarketcap.com/exchanges/volume/24-hour/no-fees/ ,I havent tried to use any of the sites in that link,but if your just starting with your research i think this is a good list of source to start with.

Well getting things for free is something one should be very careful of. Anyways I think the exchange with no fees will apply to trading, but I don't know whether we have a free trading+ withdrawal exchange. By the way Cobinhood claims to be a free trading exchange. Don't know how free their free services are though!

I dont think there is one. Cobinhood open up with that kind of promo and didn't click much. I guess some do prefer the popularity of one exchange rather than freebies like that.
More people, the faster the trades that will happen. Besides they are just new with this kind of service.
Some may also prefer to stick with the older ones where trust is already made.
I think they are taking fees like 50k-100k satoshis by now. Which is not that much if you have made some money thru the use of their exchange.

As far as I've know all trading sites transaction fee everytime you will exchanged your coin, from one coin to another coin that you will pay like eth(gas) and btc(mbtc). I don't think so if there is a free service in exchange site. If ever there is a free service exchange site surely it will be popular but for me it is only free in the beginning but for long years it will have a fee also.

Almost all exchanges have transaction fees because they create the exchange to receive transaction fees from the investor. But you can choose the exchange with relatively low transaction costs such as Binance and Houbi, now also two Exchange is receiving a lot of attention of investors because of its quality.

Sorry i think you're crazy and do not offend mate, you cant find crypto exchange without any charges specially in your trading job, simply to explain it because is all about business the dev's and the user's need to earn money.

   Nowadays there is no free everything has a fees specially in crypto that always used internet and electricity consumption. All exchanges has a transaction fees everytime you make a transaction but every exchange has a different amount of transaction fees.

   

Fees are irrelevant for the most part when you're picking an exchange to use unless the fees are unusually high- and if you're trading, fees should not be a substantial issue anyways. They don't amount to much in the long run if you're actively using an exchange to trade for a profit; most exchanges that you will find with extremely low fees have tiny or no volume.

No, there is not. When you create your service, fees are your main income. I agree with them. You should choose the exchanges which has low fee

New exchanges are offering free fees but of course limited coins are being traded on that like https://nebula.exchange/
Don't expect to see big exchanges without fees, because its a business and they cannot survive if there is no profit on their side.
Some great exchanges are high in fee, but you can still find good exchange with lower fees.

I don't really think there's one. Fees are needed for these sites to prosper and to do transactions, how do you think and expect a site can survive without fees or ads or any income generator? If some are saying there are some, then beware of phishing sites. Those exchange may require something unusual and if that happens, then be careful.

Based on my little experience ( 3 years so far ) in cryptocoins market,
Nothing is free ..., especially when it comes to withdrawing your money...., the other fee related to exchanging between coins within a specific exchange platform is almost negligible ( as low as 0.1% ).
so in my opinion, its mainly the withdrawal fees that may cause a headache when choosing between exchangers.

The short answer is: no. If an exchange claims to operate without fees, it is most likely because they have found another way to profit of you. In the worst case there can be problems trying to withdraw your funds.

In my 1 year here in crypto i never encountered a free exchange without any fees to trade or to withdraw. Thinking that how will they going to earn without fees.
You're right if is there any free exchanges existing why it was not popular. People wants free its our nature but to be skeptical i think there is no exchange will do it.

I don't heard any exchanger that has no collection fee i don't think if this is the problem it's better to look for some legit exchangers that didn't freeze your account when you gained big profit in their platform and if there's exchangers that has no transaction fee how do they earned profit cause transaction fees is one of the reason why they build their website.

This is not a free service if you want to exchange your investment you must pay for minimum amount but you should analyse low fees exchanges you will get some trading site. But if you searching free exchanges you don't get anything. BTW is not a popular exchanges so I don't know about that and this is really useful to everyone.

The Localcoinswap exchange, which is opening in August, and although not free they have a simplified fee system (the following nicked from their whitepaper)

LocalCoinSwap only charges commission to the market maker of the transaction (the trader
advertising their services on the platform). The price advertised is the price paid, without
withdrawal or deposit fees, and no other hidden charges.
For sellers who regularly engage in high volume trades, a special pro-trader status will be awarded,
conferring lower trading fees and an official ‘trusted’ banner on their profile.
Fees for trading will be set based on comparable exchanges, with the aim to match or beat the
fees offered by any competitors (currently this is 1%).

Take a look for yourselves https://www.localcoinswap.com/?utm_source=bsx60 (https://www.localcoinswap.com/?utm_source=bsx60)

I believe that there is no like that. Because obvious, they earn their money out from fees and those all stuff like that

I don't think that there is exchange out there without fees because it will go to a blockchain and it needs fee to become successful because without fees it would be hard to transact or may be illegal.

Fees is the irrelevant when you want to sell the coin one or two but you have to expect the fees also a matter while you are going to trade the coins as a main job or doing day trade mate. I see the people looking into the very cheap fee having exchanges only when they want to invest on it. Example, you can see the bitrex, binance and bitfinix. Then coin has been listed on one exchange with the multiple coins means that ICO projects are very much useful one bro.

Wow very interesting point of view, so small fees can attract investors? Are you trader/investor? If yes, where do you usually trade/buy?

There are no exchange platforms without fees. They have to collect in order to have profit with their activities. Moreover, if they do not have the money from traders, how can they upgrade the platform and increase the security level? Fee is really low. Most of them are under 0.5%. Therefore, it is not annoying in paying fee. It is a way to contribute the platform

Yes I believe there are some exchanges that charge no fees. But if you’re going to choose such exchangers, the question you should be asking is how do they make money since they don’t charge fees from users? Some exchangers like that do end up as a scam, that’s why it is good to make proper research about them so you don’t just end up losing your hard earned money.

I just know only CobinHood exchange that offer zero trading fee, but this exchange is not popular and not in the top 10 ranking volume. I think this is because many trader does not understand, where the profit come from if they do not take any trading fee. Cobinhood should be make better marketing strategy and explain how their trading paltform work to the public.

hehhe, I think that that exchanges are operating and functioning out from this fees and commisions, so I doubt that there is one

i havent seen a exchange with no fee all of the known exchange are collecting some fees for every  transaction in deposit and widraw  and always check and compared some exchange fees

I never trade in this exchange site, just for promotions purpose few days they can allow people to trade zero fees but they are not at all collecting any fee means don't know how they are generating revenue.

maybe it's a strategy to increase traffic but known people and experts will not use this kind of services because they will not trust this kind of exchange sites.

yes there is,cobinhood but now many exchange are taking initiative to minimize the fees ,but people still prefer fees exchange  because they are popular and has huge volume support for traders.there are upcoming some exchanges who are giving lifetime zero fee facility to ico investor only,so more exchange will come but they will take time to compete with current popular exchanges.

I doubt it. Cryptocurrency exchange platforms are living off their commisions and fees, so far as I know. So it is logic to have those

What if instead of building free exchange share 50-80% of trading revenue with "community" who owns the tokens like Fcoin, KuCoin does?

They need trading fees, so they have the money to build their exchange site better and get higher security. But if you want to use the exchanges for the fees cheap trading, then you should use Kucoin

Cobinhood is not charging trading fees, I don’t know how long it can last. The withdrawal fees for most altcoins are at around USD 8. It might seems high as compared to other exchanges but considering there is no trading fees, I feel it is reasonable.

How do you expect such exchange to be maintained, pay taxes and survive? Through donations? I wouldn't advice anyone to depend on businesses that claim to offer free services but with no source of income.

There is a lot hype around exchange expenses. Servers are cheap. Huge exchange can easily operated by 20 people max!
And you forget about extra services.

For example pay for priority of order matching. Most of exchanges use price-time model. As extra service instead of "price-time" model use "price-transaction fee - time" matching model. So first will be matched the same price orders with the highest fee and than only orders with zero fee.

Taxes depends on country the exchange is registered at. For example Estonia or Cayman Islands. So free exchange with extra services could be very profitable.

Binance and Kucoin are widely accepted exchangers in the market they have good reputation comparative to other exchanger these exchanger fees are less

I don't think there is any cryptographic platform that fits your requirements. There is nothing free, everything must be exchanged for something. Transaction fees and withdrawals fee are mandatory for all exchanges. If everything is free, Those fees will be covered by who, and who is responsible for and guarantees that?. If you want to implement that idea, I think you will hardly maintain it to be long and sustainable

Yes that is right, to me i think i have used a number exchanges for trading purposes but still i never seen any single exchange who are not charging their transaction fee, although the transaction fee vary from exchange to exchange but still there is not  a single exchange who are not charging their trading or transaction fee, no doubt that they are existing on their commission.

Hello there. I suppose that bitcoin.co.id (http://cryptohoo.com/bitcoincoid-review/) will fit you requires, it’s an Indonesia-based exchange. It sets 0% fee for market makers when it comes to trading Bitcoins and Rupiahs as well as 0% fee for all trades between btc and altcoins. Deposits are free for all cryptocurrencies. However, withdrawals charge some fee, it depends on the currency. Check it yourself if you’re interested, coz I used it a while ago and there is a possibility that I’ve missed something.

If you got any kind of crypto exchanger platform that is totally free so if you deal with this platform and exchange your altcoins, you can lose your whole money because in this online industry there is no any crypto exchange platform without fees. Without fees, exchange not stable for a long time because they must be stolen your money for this reason they can offer you free exchange.

If there is any such an exchange, just think about how they will maintain the service they provide. won't they pay the developers and team for keeping the sites running. If you want to make money trading what should a 1 to 2 fees do to you.