How do Online Wallets Survive ??

[katrimans]

Hardware wallets are better

[Monnt]

Ads and fees.

Blockchain.info has two relatively large advertisements at the bottom of their page, which based on the traffic of the site, will earn them a hefty sum.

Coinbase and xapo charge fiat-btc fees. Lots of people buy/sell with them for the sake of simplicity.

[Monnt]

i wonder if these wallets also offer debits cards ? I am also shopping around for a god debit card at the moment because I also want to find an easier way of withdrawing bitcoins eventually rather than using the exchanges all the time and trying always to move money around. Which one do you you recommend is the best?

Try Spectrocoin. They have 0% loading fees and extremely low transaction fees. They have a giveaway active currently, just check on service announcements. Cryptopay is also offering the same service with a giveaway too, but not with fees as low as Spectrocoin's.

[pereira4]

Online wallet = a gamble about your money not being lost in a "hack" (inside job) or the company legitimately going backup or actually hacked/robbed. Their business is buying your trust with promises of your Bitcoins safe, and they make money with withdraw and deposit fees and ad revenue from the traffic, simple as that.

[Rude Boy]

Most of the online wallets (like coinbase, circle, etc.,) having their own exchanges and they'll have some fees. OR if  wallet doesn't have its own exchange (blockchain.info) there will be some ads on that website. I think this is the way that they're live (?).

[Viyamore]

I think the nearest answer is on our every transaction out , also it my country it is manage by a company so they have amount intended every cash in or cash out they have a corresponding earning. And lastly i think they also earned when we are visiting their  online web wallets.

[katrimans]

i wonder if these wallets also offer debits cards ? I am also shopping around for a god debit card at the moment because I also want to find an easier way of withdrawing bitcoins eventually rather than using the exchanges all the time and trying always to move money around. Which one do you you recommend is the best?

[LTU_btc]

i wonder if these wallets also offer debits cards ? I am also shopping around for a god debit card at the moment because I also want to find an easier way of withdrawing bitcoins eventually rather than using the exchanges all the time and trying always to move money around. Which one do you you recommend is the best?

I think you can try Spectrocoin. It's online wallet and they offers debit cards. Now they have giveaway of virtual debit cards https://bitcointalk.org/index.php?topic=1037139.0

[traderbit]

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 !

Both Xapo and Coinbase are not just online wallets (which cover the transaction fee), they also have the exchange section on their website, so coinbase charge 1% on exchange. Xapo has their own bitcoin debit card and they also charge fees to use their card.

[MTBTT]

Ads and fees.

Blockchain.info has two relatively large advertisements at the bottom of their page, which based on the traffic of the site, will earn them a hefty sum.

Coinbase and xapo charge fiat-btc fees. Lots of people buy/sell with them for the sake of simplicity.

yeah blockchain gets income from advertisement and course fees as well. Coinbase have a business selling / buying bitcoin they earn a living from it

[Cybertron00]

Too many reasons why online wallets still survives for a long period of time.One of the reasons why is because of their domain,its security isproctected,protected from DDOS attack files theif and others.And they have good security checkers and good developers who is professional.One more thing is their site is nit vulnurable for any hacking cause of security

[Jeremycoin]

I believe, they earn their profit from the paid service. Because Bitcoin transaction suppose to have a low fee, so they won't higher the fee because the customer won't like it.

[Eric Mu]

Can't speak for others but at HaoBTC, about 90% of the revenue comes from mining; 10% from trading. One advantage is that we are based in China; compared with US and Europe, labour cost is considerably lower so the pressure to turn a profit is lower too

[wintermeasures]

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 !

Maybe they have some kind of agreement or MOU with companies like blockchain. For xapo I think they get benefit from advertising and Coinbase they get benefit from exchange fees. thank you

[Nowl1935]

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 think they survive cause the gain profit in buying and selling bitcoins. and The ads and capatchas in their site make them survive through out the bitcoin wallet list

[sbtctalk]

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

[ravens]

only by advertisement
a wallet like blockchain.info has two big ads on the bottom of the searches. and also a lot of small ads linking to sites like purse.io in the wallet page.

Yea, I just noticed the ads. I think that's how they make profit.

[pooya87]

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

that is what banks do with fiat, it is different with a bitcoin wallet especially wallets like blockchain.info that they have no access to your coins.
although some other wallets like coinbase or xapo which have this access may do this but since coinbase is also an exchanger (with fees) they are also a business themselves.

[bitlancr]

Indeed the blockchain is as a example doing it with advertisements and I think they will earn a pretty nice amount because a lot of people are using the blockchain wallet.

[SuperCoinGuy]

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.