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Author Topic: How exchanges like localbitcoins make profits?  (Read 796 times)
Vishnu.Reang
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June 06, 2017, 01:19:42 PM
 #21

I guess almost all of their revenues come from the fees. Even if the daily volumes are like BTC50,000 (a conservative estimate), they will be earning close to BTC1,000 in fee (1% from the buyer and the same amount from the seller). At today's exchange rates, that comes to around $3 million per day. It is more than enough to take care of the expenses.
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