Goodvalony (OP)
Member
Offline
Activity: 616
Merit: 16
|
|
July 06, 2019, 02:29:56 PM |
|
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.
|
|
|
|
OmegaStarScream
Staff
Legendary
Offline
Activity: 3528
Merit: 6178
|
|
July 06, 2019, 02:48:57 PM |
|
The exchange has to get money somewhere, to pay their employees and servers. I'm not aware of any exchanges that don't have withdrawal fees... but for no trading fees, you have Cobinhood (apparently, they host airdrops as well).
|
|
|
|
o_e_l_e_o
In memoriam
Legendary
Offline
Activity: 2268
Merit: 18588
|
|
July 06, 2019, 02:50:45 PM |
|
can we possibly have an Exchange with little or No fees for trading and transfers of token. How do you propose the exchange survives then? Given that hosting costs money, where will that money come from if not from exchange or withdrawal fees? 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 I would hardly say you are being left out since you aren't contributing anything. You claim tokens for free, and you want to use exchanges for free as well? Why is there any requirement for other people to operate a loss to cater for you, if you aren't going to put anything in yourself? If you don't have time for bounties or trading, then can I suggest you get some crypto the old fashioned way - buy it with fiat. Your only other option for selling tokens without using an exchange is via peer-to-peer trading. There is a sub-board for altcoin trading here: https://bitcointalk.org/index.php?board=161.0.
|
|
|
|
rdbase
Legendary
Offline
Activity: 2926
Merit: 1520
Join the world-leading crypto sportsbook NOW!
|
|
July 06, 2019, 02:53:31 PM |
|
Even if the exchange fees were lowered or charge nothing they will find a way to incorporate their fees some other way just to recoup the cost of offering 0 to no exchange fees.
|
|
|
|
buwaytress
Legendary
Offline
Activity: 2856
Merit: 3546
Join the world-leading crypto sportsbook NOW!
|
|
July 06, 2019, 03:38:07 PM |
|
Don't fall for no-fee exchanges (there are some actually, and they usually have 0 fee promotions when they start out). There are so many ways exchanges make money, they are after all companies whose primary motivation is profit. And that's right and fair.
Basically, there are 3 main ways to make money. Fees, which is an exact charge for a service either in a fixed amount or a percentage. Commission, which is what brokers charge for arranging the trade (you're either the maker or taker of an offer, matched by the exchange who acts as the mediator to broker the deal). And then, there's the spread. The exchange I use has a pretty high fee compared to others but they got a lovely spread, meaning I don't lose too much if I suddenly change my mind and buy back the BTC I just sold a while ago. On the other hand, there are exchanges with no fees but a really huge spread between buy and sell.
Think of exchanges as those money changers you see in most cities. They have signboards some of them who say No fees or Zero Commissions... but they could have really shitty buy/sell rates (huge spreads).
I suppose the ideal future of atomic swapping on cross platform DEXs means people literally exchange P2P across blockchains, so only need to pay miner fees or maybe smart contract fees.
|
|
|
|
Shenzou
|
|
July 06, 2019, 04:50:04 PM |
|
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 don't think that it is possible to have an exchanges without fees, exchanges act as the middle man between the buyer and seller and for them to provide that kind of service they need to have a way to earn money from it and that it is by taking some small fee, and if you don't want to use an exchange to sell your airdrops than you will find yourself losing those fees doing multiple transactions trying to move them around. and if anyone out there claims that they have a site that has no fees than it is 100% a scam and you should avoid it.
|
|
|
|
Reatim
Sr. Member
Offline
Activity: 2884
Merit: 363
Eloncoin.org - Mars, here we come!
|
|
July 06, 2019, 05:08:37 PM |
|
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 doubt that the exchange that will offer 0 fee can turn into scamming because exchangers is not orphanages or charity that will give you service and take you no fees. They need to survive and for that fees must be collected so the miscellaneous will be covered and also for them to have profit,maybe there are some who offers the lowest fees yet they need to collect to survive and continue serving the people
|
▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
|
|
|
rosezionjohn
|
|
July 06, 2019, 05:37:51 PM |
|
can we possibly have an Exchange with little or No fees for trading and transfers of token.
Trade on Etherdelta or Forkdelta. 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 find it hard to believe that an airdrop hunter has no time doing bounties as well especially when you are wearing a signature. I also took a quick look in your post history and found out that you have been into a lot of bounties already.
|
|
|
|
voltesbit777
|
|
July 07, 2019, 06:46:22 AM |
|
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.
As far as I know, there is no exchange that will implement no charge in every transaction . Because this is one of the main reason why every exchange platform survive in the market. Unless, you make a transaction with a persons which is close to you or someone trusted to you.
|
|
|
|
poodle63
|
|
July 07, 2019, 08:32:34 AM |
|
Blockchain fee? Not possible as of now, maybe it is but you will wait centuries for your transaction to be confirmed. But, free exchange fee is possible. You or the community or someone else just need to create your own version of automated decentralized exchange using the available open source and then run it, the operational fee could be earned from the donation, other than that I don't see any possibility.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
July 07, 2019, 09:50:07 AM |
|
There have been zero fee exchanges in the past. They made it up by charging high withdrawal fees, probably front running the trades of their customers and it turns out some were using customer funds in ludicrous non crypto 'investment' schemes without permission.
I would prefer to be charged fees and not be raped or exploited.
|
|
|
|
Reid
|
|
July 07, 2019, 11:46:04 AM |
|
Low trading fees will be possible but not free. Same with withdrawals. Dynamic mode could really help if you are having problems with the high fees or you could try a pool to save some money.
We still have to be considerate with miners. The fees are for their little profit besides what they mine. The difficulty now is really high and with a long span before they can mine this fees will be their little profit or the very least income they could make to pay for electric bills.
|
|
|
|
davis196
|
|
July 07, 2019, 11:58:06 AM |
|
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.
Just put yourself in the place of a crypto exchange website owner.Would you offer your website/service to the traders for free and get 0 coins/money while having to pay for hosting,advertising and taxes? Even if the crypto trading platform was 100% free from fees,the traders on the platform would start charging fees for their transactions.
|
|
|
|
Distinctin
|
|
July 07, 2019, 12:27:43 PM |
|
Fees are the lifeblood of exchanges, they have survived because of this and people wanting to be free? This will be impossible to happen. If we are also running an exchange, will surely be doing as well. Only we have options to take and look at those exchanges that only asking for low fees but not to the extent of finding it free.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
spadormie
|
|
July 07, 2019, 12:33:02 PM |
|
All exchange I know has transaction fees. Where would they get money for paying their employees if the exchange will not issue fees for transactions? I searched through the internet and found this COBINHOOD | Cryptocurrency Exchange without trading fees.
|
|
|
|
2double0
Legendary
Offline
Activity: 2618
Merit: 1105
|
|
July 07, 2019, 01:02:33 PM |
|
If you don't want to pay exchanges for their 'services', please stop using them. You are trading to make money and you don't want to pay to use their platform? There's no free lunch and so nothing comes for free. Binance is the cheapest I have used with 0.1% trading fees and lessened to 0.075% if we maintain some BNB in our account. It's your thinking that makes you feel like you are left out, but you are not. Who is complaining? Nobody. Hey that way, you will come some day and ask for BTC or token transaction fees to be waived off completely?
|
|
|
|
fudster
|
|
July 07, 2019, 01:24:03 PM |
|
If you don't want to pay exchanges for their 'services', please stop using them. You are trading to make money and you don't want to pay to use their platform? There's no free lunch and so nothing comes for free. Binance is the cheapest I have used with 0.1% trading fees and lessened to 0.075% if we maintain some BNB in our account. It's your thinking that makes you feel like you are left out, but you are not. Who is complaining? Nobody. Hey that way, you will come some day and ask for BTC or token transaction fees to be waived off completely? If you have little amount to trade, you will feel like being left out. 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. BNB is going to be a preferred exchange and all you have to do is buy BNB tokens for your fees.
|
|
|
|
noormcs5
|
|
July 07, 2019, 01:34:33 PM |
|
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.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
CryptopreneurBrainboss
Legendary
Online
Activity: 2310
Merit: 4210
eXch.cx - Automatic crypto Swap Exchange.
|
|
July 07, 2019, 01:37:32 PM |
|
Yes it might be possible based on the proposal from digitex exchange although they'll be launching and focusing more on future exchange rumors are that they might also introduced a spot exchange alongside their future exchange. You can read through their whitepaper for better understanding on how the exchange will work, currently they just employed the service of SmartDec to continue development of the exchange which might launch anything soon. Currently no exchange offers zero trading commision but digitex has promised that so lets see how it goes.
|
|
|
|
Muzika
|
|
July 07, 2019, 02:00:33 PM |
|
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.
It will be hard for this to happen, fees are used for maintaining the service of the exchange and in technical aspect you can see this as your basis for the knowledge about the different fees https://medium.com/totle/crypto-trading-fees-explained-and-how-to-minimize-them-203f0938f2f1.
|
|
|
|
|