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Author Topic: Trade sites that do not fee?  (Read 3152 times)
dustboy
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April 12, 2017, 10:35:08 AM
 #61

It is impossible to have a trading sites that do not charge a fee in doing transactions like buy and sell and also in doing withdrawals. Fees in trading site is one of the things that make the sites strong, because fees serves as an income to them which they use it to maintain the site and use it as a fund in doing other type of progress in their site like improving their site or having a new feature. Fees is always required and it's impossible to have a site that does not charge.

Impossible? No it is not, If I remember it correctly there is an exchange site from Indonesia named vip.bitcoin.co.id that does not charge any fees on trading btc to altcoins vice versa but they only charges fees on btc-fiat trades. The bad thing is that there is only few altcoins available on the markets (less than 10alts) and of course the rate is lower than other trading sites like bittrex/poloniex.


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April 12, 2017, 10:52:59 AM
 #62

As far as I know, Chinese trading sites did not charge a transaction fee. They have recently begun to charge transaction fees.
Are there any trade sites that do not charge a transaction fee?
I don't think that now any site exchange is exists which is not charging for the fee , actually it is a good thing for the traders at that exchange Because handle a site is really a costly thing for the own .
Second thing here I will advice that never withdraw your bitcoin in small small amount always make withdraw monthly in bulk , so that you can't face problem of paying charge that costs for you to loss 2-3$ monthly .


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April 12, 2017, 02:54:15 PM
 #63

It is impossible to have a trading sites that do not charge a fee in doing transactions like buy and sell and also in doing withdrawals. Fees in trading site is one of the things that make the sites strong, because fees serves as an income to them which they use it to maintain the site and use it as a fund in doing other type of progress in their site like improving their site or having a new feature. Fees is always required and it's impossible to have a site that does not charge.

Impossible? No it is not, If I remember it correctly there is an exchange site from Indonesia named vip.bitcoin.co.id that does not charge any fees on trading btc to altcoins vice versa but they only charges fees on btc-fiat trades. The bad thing is that there is only few altcoins available on the markets (less than 10alts) and of course the rate is lower than other trading sites like bittrex/poloniex.
The fees at every transaction are needed to pay up the costs of trades execution, servers costs, and to pay salaries to cryptocurrency exchange team.
Exchange without fees would have to pay for their customers to give them an option of selling and buying different cryptos. Good samaritans like that does not exist.

Every single company has to generate profit, to be working.
If it is not giving profits but losses, there are two ways- change the weak parts in the business plan, or just give up and slowly bankrupt.
You cannot expect getting something for free, you need to get used to paying fees: both for blockchain transactions, and exchange operations.



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JeffBrad12
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April 12, 2017, 03:39:33 PM
 #64


I don't think that now any site exchange is exists which is not charging for the fee , actually it is a good thing for the traders at that exchange Because handle a site is really a costly thing for the own .
Especially to keep the security of these exchange sites. It cost a lot of the money to keep the exchange sites are safe from any criminal activities.
Second thing here I will advice that never withdraw your bitcoin in small small amount always make withdraw monthly in bulk , so that you can't face problem of paying charge that costs for you to loss 2-3$ monthly .
This time the reliable fees are unpredictable, it seems the fees is really high for the transaction below $10.
The micro traders shouldn't withdraw his money earlier. Use the little fees will actually put the transaction on the queue with unlimited time.

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April 12, 2017, 03:49:38 PM
 #65


I don't think that now any site exchange is exists which is not charging for the fee , actually it is a good thing for the traders at that exchange Because handle a site is really a costly thing for the own .
Especially to keep the security of these exchange sites. It cost a lot of the money to keep the exchange sites are safe from any criminal activities.
Second thing here I will advice that never withdraw your bitcoin in small small amount always make withdraw monthly in bulk , so that you can't face problem of paying charge that costs for you to loss 2-3$ monthly .
This time the reliable fees are unpredictable, it seems the fees is really high for the transaction below $10.
The micro traders shouldn't withdraw his money earlier. Use the little fees will actually put the transaction on the queue with unlimited time.

thanks for elaborating those information its really helpful especially for those newcomers it will help them to realize the importance of those things especially with OP's question transaction fee is really needed by the exchange owners not only to pay the services but also to secure their business and also to earn some percentage coming from the transactions.



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Sled
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★YoBit.Net★ 350+ Coins Exchange & Dice


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April 13, 2017, 03:37:17 AM
 #66

It is impossible to have a trading sites that do not charge a fee in doing transactions like buy and sell and also in doing withdrawals. Fees in trading site is one of the things that make the sites strong, because fees serves as an income to them which they use it to maintain the site and use it as a fund in doing other type of progress in their site like improving their site or having a new feature. Fees is always required and it's impossible to have a site that does not charge.

Impossible? No it is not, If I remember it correctly there is an exchange site from Indonesia named vip.bitcoin.co.id that does not charge any fees on trading btc to altcoins vice versa but they only charges fees on btc-fiat trades. The bad thing is that there is only few altcoins available on the markets (less than 10alts) and of course the rate is lower than other trading sites like bittrex/poloniex.
The fees at every transaction are needed to pay up the costs of trades execution, servers costs, and to pay salaries to cryptocurrency exchange team.
Exchange without fees would have to pay for their customers to give them an option of selling and buying different cryptos. Good samaritans like that does not exist.

Every single company has to generate profit, to be working.
If it is not giving profits but losses, there are two ways- change the weak parts in the business plan, or just give up and slowly bankrupt.
You cannot expect getting something for free, you need to get used to paying fees: both for blockchain transactions, and exchange operations.
Yes fees are required and they are being use to pay the expenses of the sites like the maintenance, server, and the salary of the moderators,admins and the other part of their team that maintaining the site very well. Almost all the kind of things in world not just by sites are paid by money and we can't deny that because those free things are very rare now.

dwieyani
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Blocklancer - Freelance on the Blockchain


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April 13, 2017, 03:52:29 AM
 #67

if not wrong this time china commerce sites do not charge a transaction fee, and now I just heard the news that china sites charge a transaction fee.

where the sites that do not use the transaction costs?

gribble
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April 13, 2017, 03:59:45 AM
 #68

There are not sites that do not fees transaction because the website is needs money to run the website,
the exchangers has cost must be paid every months.
 And it is had by all of exchangers in the world, they need money too as profit and for pay the bill
so there are not something like that.

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darthmaul
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April 13, 2017, 04:10:37 AM
 #69

Im big fan of trading platforms. I have experienced, used, registered on various trading platforms but I have not seen a single website not taking charges from you. Moreover, if someone do really tells you that there are websites which do not take fees then probably that one is fake and scam. For a website to run smoothly it carries lot of charges, hosting, cloud backups, site maintenance, so I don't think there will be any website providing you free of charge services. On top of this there might be platforms which will tell you they don't take fees, but they will get some commission from your earnings for sure. So nada, no site like that. :-)

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