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Author Topic: Should exchanges charge flat fees?  (Read 692 times)
BTC Economist
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July 30, 2011, 04:50:58 AM
 #1

This would encourage more liquidity than their current percentage-based models in my opinion.  Thoughts?

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killer2021
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July 30, 2011, 06:32:58 AM
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Yes. Personally i would like to see the fees based on withdraws only. Maybe like 1% or less.

Then have trades free. That would definitely stabilize the price big time, even though the price is pretty stable at present.

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July 30, 2011, 06:19:51 PM
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The current fee structure makes trading unprofitable when the system is as stable as it is.  With that being the case less people will be actively trading.  Forex trading has a fee structure that is built in to each trade where they basically skim from the money in between bids and asks when they match each order.  It works because they have huge volumes.  Clearly this is not the case on Gox with a 20k volume.  The volumes are so low that it's hard to make a 'decent' profit, though they could pull in about 900k each year with the current (full) fee structure, 13.5 USD/BTC and a steady 20k volume each day. 
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