Well, that will depend on how you promote your exchange to the public, especially in the cryptocurrency community. Perhaps, you can give other promotions, make some programs that will attract more customers to come to your site. The important thing for a new exchange is just promotion because without making a promotion, it is impossible for any new site can grow. You can share your website on social media, and I guess that will be a good media to promote your exchange. Besides that, you can influence more people to visit your exchange.
We will. The problem is that most of the current marketing methods(airdrops, trading competitions, etc), tmm, bring no real value and the clients that are attracted this way leave as soon as the promo is over. But I'll have to test it to make sure.
Your marketing promotion requires more fund to the product introduction section (site), your site is not among the top exchanges. There are already a number of exchanges that offer a 0% trading fee promotion, a good step is "zero trading fee service 9 euros / month" for full-time traders who are often in the spot book. It's just that you don't add the altcoin / btc pair, the service you provide is aimed at users of daily and full traders
We'll more pairs soon. Currently we are launching USDT (erc20) pairs (USDT/EUR seems to be the first in the world; correct me if I'm wrong), then we'll add PAX and DAI variations amongst stable as well as crypto. I hope such trading pairs will bring value themselves and will gain us users. Top cryptos will also come (BCH, XLM being the first ones to come).
BTW, if you have any suggestions on what pairs to list, let me know.
I think people here already have their own favorite exchange to trade on and looks like they are not interested at all to a new exchange with a fake volumes
I suggest you to stop using that kind of strategy to attract new users for your exchange, it will just make your exchange looks like a scam.
Their promotion is a good one but I also think the same way nobody would take their offer seriously right now,
A new trading site that I have never heard of I don't even know if somebody would really trust their system passing their KYC or submitting a personal information to unknown site just to get their zero percent trading fee?
Or paying up 9 EUR / month? I don't really see it as a 0% the only people who would try it is the daily trader with a huge amount to trade but those trader would only use the famous site .
Basically, you are doing right - trust no one, make your own decisions. Only time will tell if we are a scam or not. Whatever I say is useless right now and I get it. But it makes me sad a bit to be basically called a criminal just because we have launched a crypto exchange. KYC is smth that must be done if you want to deal with fiat. Regulations will come and will hit crypto as well. That's our bet and that's why we are doing our business in compliant way to. Even crypto/crypto exchanges started to KYC. Regulation is coming. Just like the winter
I haven't heard yet about Bitlocus! When Bitlocus has launched? No one like a new exchange because everyone wants security. Because of many scam/pishing website now no one wants to move into a new exchange website. I won't trade in Bitlocus though there has no trading fee, because security is most important than a trading fee.
A few months ago. And your concerns are totally right and... nothing new, tbh. Also, this makes me happy, 'cause more and more of the crypto community become aware of the dangers that crypto brings. That's good for the ecosystem.
I can see why traders would high volume would appreciate such a fee structure where they're only charged a fixed fee.
However, can I know how you guys plan on making this sustainable, or is this just a ploy to get customers initially? Because the idea behind most exchanges is that as their volumes rise, they'll gain more commission earnings somewhat proportional to the volume they generate.
However, with you guys, it's kind of different because higher tier traders will likely just buy your 9EUR subscription instead. What's your profit model in the long run? Also, how do you plan on attracting these whales in the first place with low liquidity?
This is sustainable when you know the numbers. We have put so much effort and investments to make money, not lose it.
There are two promotions and I'm not sure you get them right:
1. 30-days of free trading to each new client. It is activated right after your identity is confirmed. It happens once per account. I think this promotion will stay forever but don't quote me on that.
2. "Zero trading fee" is not free. It costs 9 EUR/mo. And you have to make your own calculations and decision based on your volume.
3. In case #2 option does not interest you, we have default fee upgrades based on your 30-day volume.
https://bitlocus.freshdesk.com/support/solutions/articles/43000009823-trading-and-payment-feesSounds new exchange for me. To talk about trading fees, that's literally a big difference of course not all of us are taking the fees seriously but in every small amount of it fees really matters and if we are going to buy and sell at the same price we still notice how much the fees are we paying for. This is a good offer. Maybe this is the new kind of system that will click in the market.
Fingers crossed
