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Author Topic: [2018-07-19] Crypto Company Change Launches App to Trade Bitcoin Commission-Free  (Read 33 times)
Jgilpulg
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July 19, 2018, 02:38:28 PM
 #1

Change Wallet facilitates the execution of financial transactions and payments and provides access to an array of other financial services.

https://bitcoinist.com/crypto-company-change-launches-app-to-trade-bitcoin-commission-free/

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Theb
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July 19, 2018, 03:56:18 PM
 #2

There is no such thing a "Free" in the world of business. Yes you might experience 0 charges for now but it is there strategy for their newly launch app, Change might be using this zero fee transactions as a promotional tool to gain more users using their service and they will soon apply charges/fees as soon as they reach their target number of users. This has been used by other companies such as Grab and Uber when they are entering in another market, they unbelievably offered free if not cheap rides during their first year but as soon as a lot of people are using their service their rates started to go up, and that is their way of covering up some losses they have with that kind of promotion.

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butka
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July 19, 2018, 04:14:12 PM
 #3

As for being commission free, I don't think so. There will be a fee incorporated somewhere, that's for sure. What the article doesn't say is how the users are supposed to charge their mobile application with fiat money (to be converted to crypto).

On second look, you can go to their website and find out more about their service. They are planning to introduce subscription plans for active traders. So it won't be free after all. And they are planning to have their own ATM card, so charging won't be a problem.

On the down side, I guess the users won't have much privacy. In any case, their target customers probably won't care too much about that. One thing is certain: this is a good step toward a wider adoption of cryptocurrencies.

Theb
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July 19, 2018, 08:21:54 PM
 #4

As for being commission free, I don't think so. There will be a fee incorporated somewhere, that's for sure. What the article doesn't say is how the users are supposed to charge their mobile application with fiat money (to be converted to crypto).

On second look, you can go to their website and find out more about their service. They are planning to introduce subscription plans for active traders. So it won't be free after all. And they are planning to have their own ATM card, so charging won't be a problem.

On the down side, I guess the users won't have much privacy. In any case, their target customers probably won't care too much about that. One thing is certain: this is a good step toward a wider adoption of cryptocurrencies.

Visited their website and scanned the whole website to look even one shred of evidence that they are charging something and I have found nothing that even the card they are offering can be ordered for free, even the withdrawal has no commission charge based on the price comparison they have in the website. This is confirming my guess that this might be their marketing strategy to get as much customers as possible before charging anything other than that if their services might are really free they might be showing some ads soon in their app to keep their services running as their is literally no way they will make this business for free without earning something in return.

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July 21, 2018, 07:57:52 PM
 #5

*test text*
Dendamma
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July 21, 2018, 11:33:49 PM
 #6

Fee-free anything is just a marketing trick. A fee is either added to the product price or will be added additionally for some "mandatory" update or something similar. No one makes products these days just for sake of sharing  Wink
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