How profitable are exchanges?

[smoothie]

MCXNow, Crypsy, BTCT, BTC-E?

I'm conducting a survey to determine the actual profitability of the popular exchanges.

Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?

I presume you are assuming that the profit that is garnered has no morals?

MXCNOW has shown (as an example) to not care about their users and profit supersedes anything else.

I'd say it is quite profitable. Most scams I would guess are profitable.

BTC-e as a long standing exchange is likely very profitable. I've had little issues with their platform but they seem to have a huge following of users that continue to use their exchange.

[1715031493]

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[1715031493]

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[boraf]

MCXNow, Crypsy, BTCT, BTC-E?

I'm conducting a survey to determine the actual profitability of the popular exchanges.

Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?

I presume you are assuming that the profit that is garnered has no morals?

MXCNOW has shown (as an example) to not care about their users and profit supersedes anything else.

I'd say it is quite profitable. Most scams I would guess are profitable.

BTC-e as a long standing exchange is likely very profitable. I've had little issues with their platform but they seem to have a huge following of users that continue to use their exchange.

Profit does supersede everything else. When market crashed badly, the leverage position on btc-e loss will eventually need to pass to customers.

[DannyElfman]

MCXNow, Crypsy, BTCT, BTC-E?

I'm conducting a survey to determine the actual profitability of the popular exchanges.

Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?

I presume you are assuming that the profit that is garnered has no morals?

MXCNOW has shown (as an example) to not care about their users and profit supersedes anything else.

I'd say it is quite profitable. Most scams I would guess are profitable.

BTC-e as a long standing exchange is likely very profitable. I've had little issues with their platform but they seem to have a huge following of users that continue to use their exchange.

Profit does supersede everything else. When market crashed badly, the leverage position on btc-e loss will eventually need to pass to customers.

I would suspect that any leverage related losses would be passed onto customers on any exchange. I think an interesting new feature for the swaps market to also be able to restrict the borrower as to how much leverage they can use with your swap loan.

[cech4204a]

Key to getting such a nice fees is the trust, so you need to gain trust first, than you can go ahead and run the business. But be carefull, your government is looking after you and you might get banned/siezed/robbed soon.

[Benjig]

MCXNow, Crypsy, BTCT, BTC-E?

I'm conducting a survey to determine the actual profitability of the popular exchanges.

Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?

I presume you are assuming that the profit that is garnered has no morals?

MXCNOW has shown (as an example) to not care about their users and profit supersedes anything else.

I'd say it is quite profitable. Most scams I would guess are profitable.

BTC-e as a long standing exchange is likely very profitable. I've had little issues with their platform but they seem to have a huge following of users that continue to use their exchange.

Mcxnow and his admin realsolid is the perfect example of a not seriously business, an exchange runned by one person and probably a non trusted user.

[undeadknight]

Very profitable, but the risk of losing all the money due to hacker is pretty high.

[cinder]

MCXNow, Crypsy, BTCT, BTC-E?

I'm conducting a survey to determine the actual profitability of the popular exchanges.

Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?

I presume you are assuming that the profit that is garnered has no morals?

MXCNOW has shown (as an example) to not care about their users and profit supersedes anything else.

I'd say it is quite profitable. Most scams I would guess are profitable.

BTC-e as a long standing exchange is likely very profitable. I've had little issues with their platform but they seem to have a huge following of users that continue to use their exchange.

Mcxnow and his admin realsolid is the perfect example of a not seriously business, an exchange runned by one person and probably a non trusted user.

Any reason lead to this believe?

[counter]

I think it is safe to say that like most things crypto and has the potential to very lucrative but is also highly speculative.  I guess it can be considered a form of gambling.  The better the gamble the better their odds to win.

[DannyElfman]

MCXNow, Crypsy, BTCT, BTC-E?

I'm conducting a survey to determine the actual profitability of the popular exchanges.

Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?

I presume you are assuming that the profit that is garnered has no morals?

MXCNOW has shown (as an example) to not care about their users and profit supersedes anything else.

I'd say it is quite profitable. Most scams I would guess are profitable.

BTC-e as a long standing exchange is likely very profitable. I've had little issues with their platform but they seem to have a huge following of users that continue to use their exchange.

Mcxnow and his admin realsolid is the perfect example of a not seriously business, an exchange runned by one person and probably a non trusted user.

Any reason lead to this believe?

I have never even heard of MXCnow outside of this specific thread.

[boraf]

I have never even heard of MXCnow outside of this specific thread.

It is an exchange written in native language. And they are not accepting new customer.

[picolo]

I have never even heard of MXCnow outside of this specific thread.

It is an exchange written in native language. And they are not accepting new customer.

You get interests on your deposits : "25% of all mcxNOW exchange fees go towards paying interest on deposits every 6 hours! "

It seems very risky

[Skele]

Very profitable, but the risk of losing all the money due to hacker is pretty high.

But you have a chance for scamming all your customers closing the exchange unexpectedly so indeed, stills being so profitable  

[Harley997]

I have never even heard of MXCnow outside of this specific thread.

It is an exchange written in native language. And they are not accepting new customer.

You get interests on your deposits : "25% of all mcxNOW exchange fees go towards paying interest on deposits every 6 hours! "

It seems very risky

This alone would likely not be risky as it would just be a tactic of the exchange to try to get more people to have coins on and trade on their exchange. IMO it does set a bad precedent of encouraging people to keep funds at an exchange. It also makes them a target to attackers as they know that the exchange has an elevated level of coins under it's control. 

[picolo]

I have never even heard of MXCnow outside of this specific thread.

It is an exchange written in native language. And they are not accepting new customer.

You get interests on your deposits : "25% of all mcxNOW exchange fees go towards paying interest on deposits every 6 hours! "

It seems very risky

This alone would likely not be risky as it would just be a tactic of the exchange to try to get more people to have coins on and trade on their exchange. IMO it does set a bad precedent of encouraging people to keep funds at an exchange. It also makes them a target to attackers as they know that the exchange has an elevated level of coins under it's control. 

0.48%/6h for Bitcoin means 2%/day or 77%/month

You probably have near to 0.48% chance of losing all your BTC every 6hours

[InwardContour]

I have never even heard of MXCnow outside of this specific thread.

It is an exchange written in native language. And they are not accepting new customer.

You get interests on your deposits : "25% of all mcxNOW exchange fees go towards paying interest on deposits every 6 hours! "

It seems very risky

This alone would likely not be risky as it would just be a tactic of the exchange to try to get more people to have coins on and trade on their exchange. IMO it does set a bad precedent of encouraging people to keep funds at an exchange. It also makes them a target to attackers as they know that the exchange has an elevated level of coins under it's control. 

0.48%/6h for Bitcoin means 2%/day or 77%/month

You probably have near to 0.48% chance of losing all your BTC every 6hours

I don't think that exchanges make quite that much money off of trading fees as a percentage of total balances. They might make that much off of each trade, but their entire customer balance does not turn over that quickly.

[AliceWonder]

Extremely profitable that's why it is so insane that mt gox has not gone through any effort to fix their issue or even offer competent customer relations.

Gox probably borrowed a lot of their customers coins early on without permission and the price jumped and they could not catch up buying back. Just my opinion.

Yes, I suspected they were playing with the market.

I had a lot of friends who played Magic The Gathering and they were always scheming ways to stack their deck...

[hollowframe]

Extremely profitable that's why it is so insane that mt gox has not gone through any effort to fix their issue or even offer competent customer relations.

Gox probably borrowed a lot of their customers coins early on without permission and the price jumped and they could not catch up buying back. Just my opinion.

Yes, I suspected they were playing with the market.

I had a lot of friends who played Magic The Gathering and they were always scheming ways to stack their deck...

I would rather argue that gox probably was the subject of an attack several years ago but did not disclose it. They probably were trying to make the lost coins back via trade fees over the years but the price of bitcoin rose too far too fast, making this not something that could happen.

[titulng]

The fee is a legitimate way. - bitstamp, btc-e, lakebtc ...

But some exchanges choose to make a killing, so they gone far away.  - btc-gbl, mcxnow, hkcex ...

Or like some china exchanges, they make false information out to manipulate market price, euphemistically "chinese has controled the bitcoin price!" -  , , , , ...

[picolo]

Extremely profitable that's why it is so insane that mt gox has not gone through any effort to fix their issue or even offer competent customer relations.

Gox probably borrowed a lot of their customers coins early on without permission and the price jumped and they could not catch up buying back. Just my opinion.

Yes, I suspected they were playing with the market.

I had a lot of friends who played Magic The Gathering and they were always scheming ways to stack their deck...

I would rather argue that gox probably was the subject of an attack several years ago but did not disclose it. They probably were trying to make the lost coins back via trade fees over the years but the price of bitcoin rose too far too fast, making this not something that could happen.

Actually they disclosed that they had been attacked and lost BTC but they didn't say they lost a huge amount that was endangering the business

[money420weed]

Extremely profitable that's why it is so insane that mt gox has not gone through any effort to fix their issue or even offer competent customer relations.

Gox probably borrowed a lot of their customers coins early on without permission and the price jumped and they could not catch up buying back. Just my opinion.

Yes, I suspected they were playing with the market.

I had a lot of friends who played Magic The Gathering and they were always scheming ways to stack their deck...

I would rather argue that gox probably was the subject of an attack several years ago but did not disclose it. They probably were trying to make the lost coins back via trade fees over the years but the price of bitcoin rose too far too fast, making this not something that could happen.

Actually they disclosed that they had been attacked and lost BTC but they didn't say they lost a huge amount that was endangering the business

Gox had been the subject of several attacks over the years. The last malleability attack just went undetected for a long time so they were not able to disclose it.