How do Online Wallets Survive ??

[Doamader]

Blockchain has news as well ads you can see them at home i remember to be there the btcjam last year now its bitbond a loan system, about coinbase i dont know, if they dont sell those space they promote and earn the comission from the people who invest.

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[Tasssty]

They use a lower fee mostly (I tried some of them before), I, too wonder how they cover that fee. I doubt they are investing the deposits or treating it like a bank but maybe they cover it as a better customer experience and from the profit they get from exchanging USD and BTC.

[calkob]

i would say that advertising is their main income but they my also have a subscription with more account options, i dont use them so wouldn't know for sure.

[thejaytiesto]

I don't know why you say Coinbase doesn't charge fees when they just raised their fees recently, correct me if im wrong.

Every online wallet ever charges a fee, and they make money from the traffic which may click on advertisements or may buy premium services, it's the standard online business model really.

[chixka000]

They use a lower fee mostly (I tried some of them before), I, too wonder how they cover that fee. I doubt they are investing the deposits or treating it like a bank but maybe they cover it as a better customer experience and from the profit they get from exchanging USD and BTC.

Well it is now obviously through their script i think they were able to discover those.  Same as how bitcoin was discovered so things may be connected. The lower the fees the provide the more people would start using their system

[BTCLovingDude]

I don't know why you say Coinbase doesn't charge fees when they just raised their fees recently, correct me if im wrong.

Every online wallet ever charges a fee, and they make money from the traffic which may click on advertisements or may buy premium services, it's the standard online business model really.

what fees are you talking about?
i am not using coinbase but using google it seems like they use 0.25% just like any other exchange out there. and their main revenue is from exchange fees they receive and all other kinds of fee from deposit/withdrawals of fiat and crypto.

[Yakamoto]

I don't know why you say Coinbase doesn't charge fees when they just raised their fees recently, correct me if im wrong.

Every online wallet ever charges a fee, and they make money from the traffic which may click on advertisements or may buy premium services, it's the standard online business model really.

what fees are you talking about?
i am not using coinbase but using google it seems like they use 0.25% just like any other exchange out there. and their main revenue is from exchange fees they receive and all other kinds of fee from deposit/withdrawals of fiat and crypto.

90% of online wallets are maintained through a company that has some kind of exchange service behind it on top of whatever else it has, so something like 0.25% on the exchange fee is probably fairly reasonable to be honest. With a big enough volume they can be making a ton of money, and easily maintain the wallet service, which I'm sure they're doing.

[satmas]

I guess they profit via ads. But xapo and coinbase also have debit cards so maybe they are making money of the fees?

[DOGE12321]

The no additional transaction fee is a marketing strategy that has been employed by the online wallets to attract new members. They get more money via advertisements. There are also fee's for buying Bitcoin via these accounts. In fact, they are making much more money than you may think they are.

[JeffBrad12]

I guess they profit via ads. But xapo and coinbase also have debit cards so maybe they are making money of the fees?

But I don't think about getting their survive from ads, but in my minds, they're just surviving from the fees the get it from the transaction of everyone in their site.
Their main income that is from the transaction fees.

[davis196]

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`ve never seen an online wallet that doesn`t charge transaction fees.

They all charge transaction fees, because they all need revenue to pay for hosting and everything else.

This is their business model.

[HaXX0R1337]

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`ve never seen an online wallet that doesn`t charge transaction fees.

They all charge transaction fees, because they all need revenue to pay for hosting and everything else.

This is their business model.

Obviously, Xapo does not charge transaction fees.
However that does not means they dont pay it, they just have another business model- they pay it from ads, donations etc. Not directly from users transactions.

[X-ray]

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`ve never seen an online wallet that doesn`t charge transaction fees.

They all charge transaction fees, because they all need revenue to pay for hosting and everything else.

This is their business model.

blockchain.info is an online wallet and doesn't charge fee to pay hosting or what ever,all of the fee is fully given for the miners and blockchain.info don't took the bitcoin even a little bit,maybe you're talking about wallet which has provided by an exhanger,they'll charge fee about few cents or even less but it's for the service they offered,so no problem at all

[Red-Apple]

blockchain.info is an online wallet and doesn't charge fee to pay hosting or what ever,all of the fee is fully given for the miners and blockchain.info don't took the bitcoin even a little bit,maybe you're talking about wallet which has provided by an exhanger,they'll charge fee about few cents or even less but it's for the service they offered,so no problem at all

blockchain.info is filled with advertisement but since they are not intrusive people don't feel when they are shown to them.
on the pages when you search for a transaction id there is one big ass ad on the bottom right corner.

and they don't even stop there, in the old version of the wallet (have not tried the new one) there were multiple small ads on the top right corner of the first page after login.

[lumeire]

blockchain.info is an online wallet and doesn't charge fee to pay hosting or what ever,all of the fee is fully given for the miners and blockchain.info don't took the bitcoin even a little bit,maybe you're talking about wallet which has provided by an exhanger,they'll charge fee about few cents or even less but it's for the service they offered,so no problem at all

blockchain.info is filled with advertisement but since they are not intrusive people don't feel when they are shown to them.
on the pages when you search for a transaction id there is one big ass ad on the bottom right corner.

and they don't even stop there, in the old version of the wallet (have not tried the new one) there were multiple small ads on the top right corner of the first page after login.

Plus they've got links to several bitcoin related services, so we can assume those were sponsored links. I don't mind those, they're pretty convenient as I see it.

[Slark]

Correct me if I am wrong but from what I know no 'pure wallet' (by which I mean service offering only bitcoin wallet capabilities - nothing more).
Have zero fee policy - zero fee is bait feature of multiservices like Coinbase which is wallet, and bitcoin exchange.
They are so big that with site's ads + service fee from their exchange it is possible for then to pay a transaction fee for you.

[NamedUser]

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 clearly survive because they're centralized , when you do something wrong in their eyes they go ahead and seize your coins. It's the wild freaking west man. Don't trust them with your private keys!

[Herbert2020]

Correct me if I am wrong but from what I know no 'pure wallet' (by which I mean service offering only bitcoin wallet capabilities - nothing more).
Have zero fee policy - zero fee is bait feature of multiservices like Coinbase which is wallet, and bitcoin exchange.
They are so big that with site's ads + service fee from their exchange it is possible for then to pay a transaction fee for you.

you are correct sir.
all the wallets that are similar to coinbase in case they offer a no fee service it means they are earning money through other methods like the fees they take on your fiat deposit or withdrawals to buy bitcoin. or some of them offer additional card services that charge for it.

[johny87]

You need to classify wallets:
-Blockchain.info and most gambling sites: You pay the fees, it's extracted or added from the beginning of the transaction
-coinbase, circle: probably because they are exchanges they get the fee from their exchanging profit, they probably cover it as an additional service to gain users acceptance
-shady sites: to encourage people to use it to take it all later.

[Bitcoin0816]

Many of the online wallets services (like coinbase, blockchain, xapo, 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 (?).