How do Online Wallets Survive ??

[robelneo]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

They make a profit from buying and selling Bitcoin like coins.ph I think there  is much bigger doing this instead of offering high fee and with so many people selling and buying bitcoin in their network imagine their huge profit..

[Jasad]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

I'm sure bitcoin online wallet are is not small company,they have good marketing plan and have great profit management,i think they earn profit from transaction fee,not witdraw fee,its why they have bitcoin exchange and market,and also they join with some others company to advertise and promotion.

[BitMaxz]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

I'm sure bitcoin online wallet are is not small company,they have good marketing plan and have great profit management,i think they earn profit from transaction fee,not witdraw fee,its why they have bitcoin exchange and market,and also they join with some others company to advertise and promotion.

I think thats coin doesn't no fee for every transaction because they have a market place or trading place.. also maybe they own miners instead confirming from other miner their own miner will confirm and accept miners fee.. this is just my thoughts.. maybe there's other reason.. for xapo maybe they are get many visitors from their many faucet thats why  the fee for every transaction is free..

[sbtctalk]

They probably use your coins, convert to fiat and involved in legitimate investments?

No I don't think they operate similarly to banks mate  Some of the Bitcoin wallets offer premium features which are paid and other have sponsors who are paying the wallet sites to display advertisements. And they can also charge fees when converting and withdrawing Bitcoins from your account mostly on the Bitcoin exchanges. Their business must be profitable otherwise they wouldn't have been operating at a loss for so long.

I sometimes wonder if the full time staff from Xapos are drawing their salary in fiat or bitcoins. If it is the latter, it is kind of an unstable lifestyle, don't you think?

[Sweetbtc]

They probably use your coins, convert to fiat and involved in legitimate investments?

No I don't think they operate similarly to banks mate  Some of the Bitcoin wallets offer premium features which are paid and other have sponsors who are paying the wallet sites to display advertisements. And they can also charge fees when converting and withdrawing Bitcoins from your account mostly on the Bitcoin exchanges. Their business must be profitable otherwise they wouldn't have been operating at a loss for so long.

Most features like buying and selling to make fiat is only available countries, so you can’t really take advantage of such features. Also it’s better to use well known wallets, the blockchain wallet is really good though there are fees when transactions are made.

[xdrpx]

XAPO and Coinbase may earn from the Debitcards that they provide to customers in the form of debit card fees. I haven't seen ads on their websites, so I doubt they earn from ads. Also, maybe they may temporarily invest the funds we add to their wallets, just like banks do and earn from these.

[bostiog1]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from that

[chixka000]

Obviously as a xapo  user i think they only holds bitcoin and do not exchange bitcoin to fiat so you will surely be not going to lose money at all because you are just holding an amount of bitcoins, even if the price is not stable.

[JeffBrad12]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from that

From ads? I never seeing the advertise in the blockchain and maybe the source income for surviving just coming from the tax fee from every transaction. but for blockchain, i'm not feeling doubt about that because every second is always there a transaction.

[n691309]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

They charge pretty good for people that want to exchange bitcoin there, they have some fees when you deposit money there or when to buy bitcoin and also a fee when you want to withdraw your funds so pretty much their profit is here.

[Yakamoto]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

As it's been said, there are sponsors, premium features or whatever (some sort of advanced service for certain people), and Xapo and Coinbase are an exchange as well as a wallet, so they make money off of people exchanging Bitcoin and USD on their site. Having a wallet there is just a plus, and something to keep people using them.

Plus transaction fees are typically pennies, so it doesn't really matter.

[HaXX0R1337]

That is a good question actually, but it is same like with all faucet websites- they are still alive, thanks to the advertisers, and people
 that want to enter in there.
However doing btc wallet that earn only on ads looks hard for me, i mean to have enough users to cover the fees.

[Leonard2016]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from that

From ads? I never seeing the advertise in the blockchain and maybe the source income for surviving just coming from the tax fee from every transaction. but for blockchain, i'm not feeling doubt about that because every second is always there a transaction.

open up a link to a bitcoin "transaction" and you will see two big pictures at the bottom of the page those are advertisement.

also i have not seen the new version but in the old version of the wallet in your home page of the wallet you could see multiple links to services like gyft on the upper right side of the screen these are also ads.

[crairezx20]

I notice too how xapo are still alive as of now how they are paying the fee's for transaction how that site are earnings with their service..
Coinbase in not the same as xapo because coinbase has their own exchange page that you can buy an sell altcoin or bitcoin.
I use xapo before but i having delayed in loging in to receive confirmation its always happenning.

[European Central Bank]

That is a good question actually, but it is same like with all faucet websites- they are still alive, thanks to the advertisers, and people
that want to enter in there.

what's in the back of the mind of the properly run operators like coinbase is the prospect of being bought out I expect. that's what vc money dreams about.

a bitcoin company, and bitcoin itself of course, has to work seriously, seriously hard to earn trust. if coinbase ended up with 50-100 million or more users who've spent years with them that adds massive value if someone wants to buy them.

it's not like switching to a new social media site. people often stick with the same bank their whole lives even when they're crappy. the same might go for bitcoin service companies.

[@prashant]

There are two reason of survival.
1.buying and selling bitcoin have a great profit.
2.the amount of website you used or view ,they are directly earning through it.

[@prashant]

That is a good question actually, but it is same like with all faucet websites- they are still alive, thanks to the advertisers, and people
 that want to enter in there.
However doing btc wallet that earn only on ads looks hard for me, i mean to have enough users to cover the fees.

Have you ever thought how much user uses these wallet?
Even a single ads with such a high traffic can gain you enough amount of money.

[Supercrypt]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from that

From ads? I never seeing the advertise in the blockchain and maybe the source income for surviving just coming from the tax fee from every transaction. but for blockchain, i'm not feeling doubt about that because every second is always there a transaction.

Coinbase and Xapo wallets do not have ads in their sites so that is not it.
These sites are both wallets and exchangers themselves so from that information, they survive and successful in their business most probably from the earnings they get from selling/buying bitcoins.

[SilverPunk]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from that

From ads? I never seeing the advertise in the blockchain and maybe the source income for surviving just coming from the tax fee from every transaction. but for blockchain, i'm not feeling doubt about that because every second is always there a transaction.

Coinbase and Xapo wallets do not have ads in their sites so that is not it.
These sites are both wallets and exchangers themselves so from that information, they survive and successful in their business most probably from the earnings they get from selling/buying bitcoins.

Exactly chief that's the main reason why they survive how many peoples who buy and sell bitcoins and they just get a small bit as a payment but even that small exchange they already have a profit .

[sbtctalk]

There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !

they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from that

From ads? I never seeing the advertise in the blockchain and maybe the source income for surviving just coming from the tax fee from every transaction. but for blockchain, i'm not feeling doubt about that because every second is always there a transaction.

Coinbase and Xapo wallets do not have ads in their sites so that is not it.
These sites are both wallets and exchangers themselves so from that information, they survive and successful in their business most probably from the earnings they get from selling/buying bitcoins.

They probably doing trading with our coins. haha