Doamader
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August 20, 2016, 12:38:43 PM |
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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
Newbie
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Activity: 54
Merit: 0
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August 20, 2016, 02:50:43 PM |
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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.
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calkob
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August 20, 2016, 03:06:39 PM |
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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.
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thejaytiesto
Legendary
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Activity: 1358
Merit: 1014
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August 20, 2016, 03:10:00 PM |
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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.
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chixka000
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August 20, 2016, 11:07:28 PM |
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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
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BTCLovingDude
Legendary
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Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
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August 21, 2016, 04:44:59 AM |
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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.
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--looking for signature--
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Yakamoto
Legendary
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Activity: 1218
Merit: 1007
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August 21, 2016, 04:50:24 AM |
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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.
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satmas
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August 21, 2016, 04:58:07 AM |
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I guess they profit via ads. But xapo and coinbase also have debit cards so maybe they are making money of the fees?
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DOGE12321
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August 21, 2016, 06:16:28 AM |
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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.
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JeffBrad12
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August 21, 2016, 07:30:40 AM |
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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.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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davis196
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August 21, 2016, 01:09:08 PM |
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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.
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HaXX0R1337
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August 21, 2016, 01:14:13 PM |
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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.
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X-ray
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August 21, 2016, 01:17:55 PM |
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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
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Red-Apple
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August 21, 2016, 01:40:11 PM |
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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.
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--signature space for rent; sent PM--
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lumeire
Legendary
Offline
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
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August 21, 2016, 02:49:47 PM |
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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.
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Slark
Legendary
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Activity: 1862
Merit: 1004
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August 21, 2016, 03:24:56 PM |
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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.
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NamedUser
Newbie
Offline
Activity: 51
Merit: 0
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August 21, 2016, 03:27:10 PM |
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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!
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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August 22, 2016, 04:37:47 PM |
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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.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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johny87
Newbie
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Activity: 38
Merit: 0
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August 23, 2016, 10:09:11 AM |
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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.
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Bitcoin0816
Newbie
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Activity: 28
Merit: 0
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August 23, 2016, 10:20:39 AM |
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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 (?).
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