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Author Topic: Free Exchanges Fees? is this Possible.  (Read 1153 times)
Findingnemo
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July 07, 2019, 02:53:28 PM
 #21

can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.
Fee are indeed if someone giving you some service so you have to be aware of scams that if someone says that they are giving it for free.

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July 07, 2019, 03:00:19 PM
 #22

can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.

This is what you think as you are depended upon air drops only. Practically exchanges are made with the intention of earning money and if there is no trading fee, how will exchanges will earn? New exchanges may waive the trading fee initially to promote their sites but they can't run the exchange without getting some revenue out of it.

Yes, exchange is a business place. They need money to run their business and of course they want to get a good return from it. I don't think there will be an exchange that is willing to do a voluntary work and bear all the operational costs from their own pocket without drawing fees from its users.

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July 07, 2019, 03:55:07 PM
 #23

I don't think the fee should be disputed because you have been given maximum service on the exchange. so I think this is one of the exchange income of the users and if there is no fee exchange there might not be income

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July 07, 2019, 04:02:46 PM
 #24

can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.

I think that is impossible because every exchange wants to make a profit from the fee and that is why every exchange has a different fee for trading. How they can get additional income for the traders if it's not from the fee and I think that will be used to help to maintain the website. Besides that, the fee is not too high depends on our profit and we should accept their rule related to the fee of trading. Perhaps, you should not think about the fee because from the fee, we could see the exchange could do many improvements that will make them better than before.
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July 07, 2019, 04:06:42 PM
 #25

can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.
maybe for now almost all exchanges apply fees, but we don't know in the future. I think fees are commensurate with the exchange in providing services to users

Else, search for an exchange with low transaction and trading fees. This is the lifeline of exchanges so it is really by default that most exchanges have fees. They only vary on how much they are charging the users. For instance, bitcoin withdrawal fees - tradesat is charging like 10ksat, while most are charging 50k sat and others are 100k sat. So it all depends on your priorities, where you want to do the transaction and the trust on that exchange that they will give your money in time.
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July 07, 2019, 06:21:22 PM
 #26

There are couple of exchanges with little fee but I doubt they have lots of  tokens . Have you tried ethereum-based decentralized Exchanges? Many of them have attractive fees... The only problem is liquidity, minimum deposit requirement,  and difficulty of selling at preferred prices
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July 07, 2019, 09:11:38 PM
 #27

That isn't possible. It is not profitable for the exchange to make exchange fees free of charge. Because this is what allows the exchange to exist. Otherwise, such an exchange simply has will not future.
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July 07, 2019, 09:13:53 PM
 #28

I don't think such exchange exist or will come into existence in time to come for reason being that they are in business to make profit and anything contrary to reducing their profit or for them not to make profit at all will not be possible. Even if there are other way in which they can make more money, I don't think they will adopt free transaction fee for all their customers.
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July 07, 2019, 09:29:26 PM
 #29

On this page you can find list of exchanges that have very small trading fees. When you're trading altcoins with very little total value the trading fees should be less of a problem since it's only a small percentage in this situation the miner fees usually costs more. Exchanges that have free fees on one part could be charging more on other parts(selling,buying,witdrawals).

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July 07, 2019, 09:36:29 PM
 #30

I don't think it's possible, even many marketplaces offer things like that but basically they take advantage of something else that looks like it's indeed free for ordinary people. So, I think it would be better to be more transparent even though it is expensive fees, at least more transparently we can accumulate it before using it because everything needs calculation.

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July 08, 2019, 09:38:52 AM
 #31

Its impossible.If any exchanger go for free fees.then exchanger should pay the fees. because to make a tx need some fees to confirm that tx.Also exchanger owner pay hosting bill domain bill,also they have some staff and worker.if they make free fees then that exchanger can't survive

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July 08, 2019, 11:50:12 AM
 #32

Its impossible.If any exchanger go for free fees.then exchanger should pay the fees. because to make a tx need some fees to confirm that tx.Also exchanger owner pay hosting bill domain bill,also they have some staff and worker.if they make free fees then that exchanger can't survive

Perhaps when an exchange was still in the beginning of their career, they might employed this so called free trading to attract potential customers.

But in a business standpoint, it is suicide if you do everything for free, it doesn't make sense at all. Server maintenance, the opsec, where do the owner will get the money to pay for them to keep the business alive and running well?

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July 08, 2019, 12:05:09 PM
 #33

If you have little amount to trade, you will feel like being left out.

Oh come on, I mean OP is speaking about airdrops which is a waste of time sometimes while it can give you fortunes the other way if you wait. Why not wait and collect more instead of 'feeling that you are left out'? He wants everything for free, from money through airdrops to free exchange fees but is it possible?

Quote
Some exchanges are the worse you can use, coineal and gate.io does have a minimum withdrawal. I have tried trading in these exchanges with the little capital I have but if the minimum withdrawal is 0.12BTC, you will start to pick up another coin just so you can withdraw your funds. That would be another fee to pay.

There are shitload of exchanges to choose from, so why does he need everything free? And if you are worried about additional fees, let me tell you that if you buy small quantity of XRP, doge or other coins with cheap transaction fees then you should be bothered as it is saving you more on the other side (as you will not be paying huge BTC amount for withdrawal).
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July 08, 2019, 02:19:44 PM
 #34

can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.

Every exchangers need some fees to earm some profit also every traders and investors even trading theres a fees also for exchanging buying or selling some altcoins in exchanges.

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July 08, 2019, 02:51:04 PM
 #35

can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.
Exchangers are businesses and its dumb for owners to built one without making any profits yet there are staffs and maintenance to expend on but

somehow theres an exchange like Cobinhood which doesnt have trading fees,just wondering on how they do sustain it up but if you do look up for these things then
you can try it out.

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July 08, 2019, 03:33:07 PM
 #36

It is quite possible but why would anyone do it? How would they make any money if they do a free exchange? I mean it is possible but at what cost? Will there be exchanges with advertisements to make money? Will they use the peoples money for staking and masternodes to make money? How are they going to profit if they make the trading free? That is why it is definitely technically possible, there are zero house edge casinos as well but none of them are big or known because no casino with zero house edge ever made it big with that type of not earning, same for exchange as well because if you have no trade fee then you can't make money and if you can't make money that way then you will try to find another way and that would not be accepted by the customers at all.

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July 09, 2019, 07:53:38 AM
 #37

I don't think this is possible. How would that exchange gain profit from its traders? Nothing is free these days. A business without profit won't last long. Just imagine working hard but you won't get paid.
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July 09, 2019, 11:17:09 AM
 #38

can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.

Isn't asking that kind of benefit is already too much here in crypto?

People want to trades, want to be secured, want to be safe, then accept the fees.

Looking at the average fees at the majority of exchanges, it seems that it won't hurt our pocket so much.
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July 09, 2019, 11:21:49 AM
 #39

can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.

Every exchangers need some fees to earm some profit also every traders and investors even trading theres a fees also for exchanging buying or selling some altcoins in exchanges.

By adding some fees trading, the money will be useful to maintain or to pay the other services that they have so they can continue the exchanges so the exchange doesn't have any trouble in the future. Trading fee is not just for their profit but it's also to cover the other fee that sometimes happens without they thought. So I think it is normal if they have a trading fee and besides that, I am sure that the fee is not too big than the trader's profit so for me, it is not possible to see the zero fee trading in the exchanges.
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July 09, 2019, 11:30:25 AM
 #40

can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.
An exchanger can have a no trading fee but it can't have a no withdrawal fee because the fee for transferring a token/btc/altcoin is being paid for miners who are processing the transaction. Perhaps transferring token from one account to another account with zero fee is possible since it's same wallet but it's unlikely to happen since this is one source of profit by and exchange and being used for the development and maintenance of their software or website.
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