FLoving
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October 22, 2016, 04:45:49 PM |
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On exchanges there are a lot of people who are exchanging their fiat to bitcoin and some are exchanging their bitcoin to fiat so these are the people who provide bitcoins to these exchanges when we buy bitcoins from an exchange then we do not buy them from the exchange but we buy them from the people who are selling these bitcoins on that exchange.
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naidray
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October 22, 2016, 08:16:40 PM |
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Two that come to mind are Coinbase & Circle. I did a quick google search, possibly wrong terms. The information I got was useless. I am sure this has been discussed. If there is a good article/link on this it would be appreciated.
I think they got it from many ways. before the did this exchanges business, they need financial capital that probably they got from the seller or from their job incomes, etc. so when they have this first financial capital, they can open exchange service. so they exchange crypto to fiat or the opposite. Another way they can do it also is by borrowing from financial institution if they are able to prove to them they the business they are going into will pay off. Once a bank understands that there is going to be high return on investment, they will not hesitate to give them financial aid.
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U2
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October 22, 2016, 08:19:06 PM |
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? They get their bitcoins from customers that need cash. It's really not that hard to follow. Where do they get cash from. Customers that sell bitcoins. How do they make money? There is a spread of the buy vs sell price.
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Doamader
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October 22, 2016, 08:28:59 PM |
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Well i dont know how big his their portfolio at bitcoin, but they collect fees, and sure they have some contract to buy a number of bitcoins weekly, for lets say 10-20% off the price market, soo they wont fail of funds.
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btvGainer
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October 22, 2016, 08:31:24 PM |
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Two that come to mind are Coinbase & Circle. I did a quick google search, possibly wrong terms. The information I got was useless. I am sure this has been discussed. If there is a good article/link on this it would be appreciated.
Most of the coins come from people who want to sell and buy.These exchanges charge fee for letting their users use their platform.Exchanges also charge fee from coin developers for listing their coins
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ivanst776
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October 22, 2016, 08:42:25 PM |
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Two that come to mind are Coinbase & Circle. I did a quick google search, possibly wrong terms. The information I got was useless. I am sure this has been discussed. If there is a good article/link on this it would be appreciated.
I think that they have earned those bitcoin from users but also I believe that someone on their team is one of the early adopters. They probably have invested a lot in the early stages of bitcoin or and are big investors and have bought bitcoin when the price was cheaper. Because they are an exchange they get profit from exchanges that make users and they usually take fees from 0.2% up to 1%.
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wikenpp
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October 22, 2016, 08:59:28 PM |
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Two that come to mind are Coinbase & Circle. I did a quick google search, possibly wrong terms. The information I got was useless. I am sure this has been discussed. If there is a good article/link on this it would be appreciated.
I think that they have earned those bitcoin from users but also I believe that someone on their team is one of the early adopters. They probably have invested a lot in the early stages of bitcoin or and are big investors and have bought bitcoin when the price was cheaper. Because they are an exchange they get profit from exchanges that make users and they usually take fees from 0.2% up to 1%. Obviously they start with a few bitcons and in time earn more by charging their traders fees on trade they made. From there that stack of bitcoin keeps growing and most of th eexchagnes invest in better security, more usability and even hire more developer to add more coins and/or support employee to improve their support.
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Sharma
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GATCOIN : The New Currency Of Digital Marketing
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October 22, 2016, 09:14:14 PM |
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Two that come to mind are Coinbase & Circle. I did a quick google search, possibly wrong terms. The information I got was useless. I am sure this has been discussed. If there is a good article/link on this it would be appreciated.
Fee for selling and buying and enlisting new coins to their exchange.For example purchasing bitcoin with credit/debit card,coinbase charge up to 3.99% service fee.Circle has different fee structure.I have seen some exchanges even have earnings from ads
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Superzpay
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October 22, 2016, 10:22:25 PM |
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They have their fees for each and every transactions and for each and every trade so with these fees the exchanges can easily earn a bigger amount of money and they can survive their exchange with that income.
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Vikingr
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October 22, 2016, 10:26:32 PM |
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Two that come to mind are Coinbase & Circle. I did a quick google search, possibly wrong terms. The information I got was useless. I am sure this has been discussed. If there is a good article/link on this it would be appreciated.
Fee for selling and buying and enlisting new coins to their exchange.For example purchasing bitcoin with credit/debit card,coinbase charge up to 3.99% service fee.Circle has different fee structure.I have seen some exchanges even have earnings from ads Not much exchanges have ads on their websites but only those exchanges have ads which will be in the early stage and which will not have much coins to trade and which are unable to get any higher fees from the transactions because of their early stage.
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BlockEye
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October 22, 2016, 10:40:28 PM |
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Two that come to mind are Coinbase & Circle. I did a quick google search, possibly wrong terms. The information I got was useless. I am sure this has been discussed. If there is a good article/link on this it would be appreciated.
Fee for selling and buying and enlisting new coins to their exchange.For example purchasing bitcoin with credit/debit card,coinbase charge up to 3.99% service fee.Circle has different fee structure.I have seen some exchanges even have earnings from ads Not much exchanges have ads on their websites but only those exchanges have ads which will be in the early stage and which will not have much coins to trade and which are unable to get any higher fees from the transactions because of their early stage. Aside from ads and transaction fee. They get major of their profit on listing fee of a coin. Listing fee cost a lot of bitcoin. C-cex exchange site doesn't have ads and their transaction fee is very minimal so i think that they will not able to continue their site for small fee from transaction.
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MTBTT
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October 22, 2016, 10:47:46 PM |
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Well i dont know how big his their portfolio at bitcoin, but they collect fees, and sure they have some contract to buy a number of bitcoins weekly, for lets say 10-20% off the price market, soo they wont fail of funds.
yeah I think of a fee per trade that users do, of course if you ever make trades and all purchases and sales of course you get a fee right ?
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betohell
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October 22, 2016, 11:21:39 PM |
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? They get their bitcoins from customers that need cash. It's really not that hard to follow. Where do they get cash from. Customers that sell bitcoins. How do they make money? There is a spread of the buy vs sell price.
I think there is a lot of exchange that makes a profit, the first trading fee, the fee withdrawals, and sales profits or buyer of course ?
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sotoshihero
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October 22, 2016, 11:30:26 PM |
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They have their fees for each and every transactions and for each and every trade so with these fees the exchanges can easily earn a bigger amount of money and they can survive their exchange with that income.
The more trader on exchanges,the more bitcoin income the exchanges has. From every trading transaction they charge .2 percent i think,though very small but with the big volume being traded they got a handsome profit aside from the withdrawal fees.Also,they got bitcoins to start the business sourced from miners and other seller.
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JeffBrad12
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October 23, 2016, 03:44:39 AM |
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? They get their bitcoins from customers that need cash. It's really not that hard to follow. Where do they get cash from. Customers that sell bitcoins. How do they make money? There is a spread of the buy vs sell price.
I think there is a lot of exchange that makes a profit, the first trading fee, the fee withdrawals, and sales profits or buyer of course ? the exchange just wanna for making the transaction for buying the bitcoin looks like a directly like you're buying in the exchange for directly. but there is the another opinion are he don't know if the people are wanna for buying a bitcoin from the exchange site is not for the directly, because if you're already sending a request to the exchange site(not through the trading place), the exchange are making a margin trading for your order in their trading place and asking for the seller of bitcoin for selling the bitcoin into your order.
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rachana031
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October 23, 2016, 06:21:44 AM |
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Bitcoin currency exchanges work in a manner similar to banks. One first deposits amounts of money in the currencies supported by the exchange, to his own account in the exchange, uses these balances to trade with other users of the exchange and then withdraws that money. Unlike over-the-counter transactions, there is no risk of losing money due to people not fulfilling their part of the deal, as long as the exchange itself does not commit fraud or withhold money.
Exchanging is done by placing "buy" or "sell" orders, which the exchange system software then matches with each other. "Buy" orders (or "bids") are offers to buy bitcoins in exchange for another currency at a maximum price-per-bitcoin which is set by the offerer. "Sell" orders (or "asks") are offers to sell bitcoins at a minimum price-per-bitcoin. If the bid price of a buy order is higher than the ask price of a sell order, an exchange can be performed and either the bid order, the sell order or both can be removed from the "order book". Thus, at any given time, there is a price above which there are no more buy orders and a slightly higher price below which there are no more sell orders.
Communication with the Bitcoin currency exchanges is commonly done using a standard web browser, over a secure SSL connection.
The payment methods that are most commonly accepted and used by Bitcoin currency exchanges are:
Bitcoin transfers Liberty Reserve Bank wires Credit cards Currencies that can be exchanged with Bitcoins in an automated way include:
US Dollars Euros Japanese Yen Russian Rubles Pound Sterling Pecunix Gold
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raven7886
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October 23, 2016, 06:59:08 AM |
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I heard some altcoin exchange sites like bittrex and Poloniex charge from 2 btc for listing a coin in the exchange. this is also a way of exchanges to get bitcoin. they charge bitcoin to add a new coin.. and they earn from all exchanging and trading also..
well, coinbase is not a altcoin exchange. so it's all business depends on bitcoin selling.
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Jelly0621
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October 23, 2016, 07:06:37 AM |
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For you to put up a site or an exchange if you asked, you need lots of money/bitcoin. And where do they get this bitcoin? From the investors of the the sites. And then they do a rolling for their bitcoin to grow.
And they get money/bitcoin from those who deposits and sell their respective coins and that's what we call transaction fees.
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ayesha sadiqa
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October 23, 2016, 07:18:35 AM |
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to me the main source from where the exchanges get their money is from the transaction fee, may be they also have invested their bitcoins in different places,
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croutonhexagon
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October 23, 2016, 08:47:00 AM |
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They get bitcoin from traders. They keep bitcoin stored and when they get out of stock they simply buy from other exchange sites or from bulk traders. Sometimes they also bitcoin it's out of stock or similar message. They acquire bitcoin mostly from other sites because they have deal from previous itself.
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