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Author Topic: im planning to start my own btc exchanger business  (Read 211 times)
geomax
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September 03, 2017, 09:40:30 PM
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Anyone can recomend what % fee i should use?
Ammounts: 100-1000$ i guess 5% fee.
ammounts over 5000$ i guess like 5-7% fee.
ammounts like 10k-30k. At least 10% i think so.
)lets say someone want to exchange 50k.bitcoins..so what % i should charge as fee??
And i think bigger % FEE I CAN charge if its btc to money..like if someone got 100k. Worted bitcoins then i should charge him high % and find myself quickly exchanger and exchange this.
any suggestions?
offcourse i will make sure my customerz anonoumity will be 100% confidential.
All i care about is to make customers happy.
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jackg
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September 04, 2017, 12:38:55 AM
 #2

Anyone can recomend what % fee i should use?
Ammounts: 100-1000$ i guess 5% fee.
ammounts over 5000$ i guess like 5-7% fee.
ammounts like 10k-30k. At least 10% i think so.
)lets say someone want to exchange 50k.bitcoins..so what % i should charge as fee??
And i think bigger % FEE I CAN charge if its btc to money..like if someone got 100k. Worted bitcoins then i should charge him high % and find myself quickly exchanger and exchange this.
any suggestions?
offcourse i will make sure my customerz anonoumity will be 100% confidential.
All i care about is to make customers happy.

That fee is too high.
Most exchanges charge between 0.2% and 1%, you can't expect anything higher than that and if you have a high enough volume then you'll be able to get a nice profit from it.
If you were to charge a higher fee percent for a higher amount that was exchanged people would just do a large number of smaller trades instead.

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September 04, 2017, 01:09:22 AM
 #3

Hey buddy !
The idea of making or opening a new exchanger is brilliant but the fees are not good .
There's some Things you should know and understand, if you were willing to succeed you should afford great exchange prices with the minimum fees available !
Try to be competitive and you can win the fight and become a well-known exchange and you may get listed in Coinmarketcap and that will allow you to earn more clients and that mean more money .
There's a new exchanger launching next month , the name is "WCX" , you can search for the thread here on BTCTALK And you can Learn from them
I appreciate if you took my notes and best wishes for you .

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