Free Exchanges Fees? is this Possible.

[jostorres]

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 have used a platform like that, there are no costs in trading transactions or withdrawals, but it doesn't last long because if it continues from where the platform benefits
I think the fees at popular exchanges like Binance, Huobi, OKEx, etc. already have very reasonable costs

I bet that platform will be scam platform, if there is any exchange that does not have any fee attached to it, then they were there to probably defraud investors, because it is from this fee that they maintain their platform, and even if the exchange was donated as a charity exchange, and the owner does not intend making profitfrom it, it will still attract fee no matter how little it is for them to be able to continuously run the exchange.

For reasonable cost, I think Binance still has it all, I don’t know of the rest, but anything that makes me to still look for lesser fee than the one I am getting from Binance, then I have automatically join the group of op that is looking for zero fee, because I can say that Binance transaction fee is almost close to zero and can be afforded by any trader.

[BitcoinTurk]

I think that such a service is not possible because these services are set up for profit margins and they have to cover their own expenses. A service that does not have any income source cannot cover its own expenses and in a short period of time it will victimize its users and migrate completely from the market. So even though it's such a service, I think it should be well thought out before using it. There is always a risk of losing all your capital to avoid paying service fees.

[LimLims]

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.

If we see practically, then it's not possible.
It will be also unfair for the particular exchange too.
The exchange uses the fees to get their site maintenance.
The fees act like salary for them.
The exchange pays the team from those fees only.
So it's fair to give some amount of fees.

[juperos]

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 there will be that exchange type. Exchange is created to serve the buying and selling needs of investors, if they do not charge a transaction fee, how will they develop it?
No service is free here. If you feel inconvenient because airdrop is too little money, you can not do it to switch to bounty. The bonus is higher and it is higher than the limited withdraw of the exchanges.

[sujonali1819]

Firstly we need to think that how an exchange run and how they get money for their work, So I think the way are Trading fees, withdrawal fees, and new coin listing fees. these are the source of earn from any exchange. So if any exchange wants to give service without trading fees, they can but I don't think the exchange/service will live long. And another thing can happen that trading fee is ( 0 )but the withdrawal fee is higher than other exchanges.

[sana54210]

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.

Is this not part of the selfishness we are talking of, or would I call it greed? How will he expect someone to just wake up suddenly, and then develop an application that would cost him some thousands of dollars to put up together, and then give it out free to people forever? How can that be possible when he is not a good Samaritan, if you ask op this question if he would do such, I am sure that his answer would be typical NO.

If he likes free things, why not let him give out his coins free to the charity too since it is so small to him, and don’t want to pay fee, the charity section of Binance is ready to accept it fully and comply with the necessary fee required to monetize the token for further use. Most exchanges pays a lot to maintain their exchange, it will be impossible for anyone to run a free exchange without considering profit first.

[sana54210]

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.

Is this not part of the selfishness we are talking of, or would I call it greed? How will he expect someone to just wake up suddenly, and then develop an application that would cost him some thousands of dollars to put up together, and then give it out free to people forever? How can that be possible when he is not a good Samaritan, if you ask op this question if he would do such, I am sure that his answer would be typical NO.

If he likes free things, why not let him give out his coins free to the charity too since it is so small to him, and don’t want to pay fee, the charity section of Binance is ready to accept it fully and comply with the necessary fee required to monetize the token for further use. Most exchanges pays a lot to maintain their exchange, it will be impossible for anyone to run a free exchange without considering profit first.

[dat.ho12492]

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.

Is this not part of the selfishness we are talking of, or would I call it greed? How will he expect someone to just wake up suddenly, and then develop an application that would cost him some thousands of dollars to put up together, and then give it out free to people forever? How can that be possible when he is not a good Samaritan, if you ask op this question if he would do such, I am sure that his answer would be typical NO.

If he likes free things, why not let him give out his coins free to the charity too since it is so small to him, and don’t want to pay fee, the charity section of Binance is ready to accept it fully and comply with the necessary fee required to monetize the token for further use. Most exchanges pays a lot to maintain their exchange, it will be impossible for anyone to run a free exchange without considering profit first.

Well, exchange that free of charge is definitely not existent because the cost to set up such a system, it needs too much money, even if a person wants to do good, they will not be able to do such a silly thing, the system is composed of many individuals, one may not need money but others still need money, profit is too huge and it is impossible for a person to refuse easily. In addition, free exchange is not a guarantee of safety, almost everyone understands about it, so people will choose to exchange prestige, instead of an exchange that free the transaction fee of activities

[voltesbit777]

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've been here in crypto industry business and used several exchanges, but I never heard that any of it has no transaction charge.
Almost all exchange site platform whether decentralized or centralized had their own transaction fee. Meaning, that's not possible because fee of charges in every exchange is one of their source to get profit.

[jostorres]

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've been here in crypto industry business and used several exchanges, but I never heard that any of it has no transaction charge.
Almost all exchange site platform whether decentralized or centralized had their own transaction fee. Meaning, that's not possible because fee of charges in every exchange is one of their source to get profit.

I was also wondering where that came from too, I mean the idea that op had of having free fee exchanges, even the main decentralized coin that we have which started this cryptocurrency thing has its own network fee which sometimes could be minimal and sometimes could be high depending on traffic at that moment, so there is no reason for anyone to create a free platform for trading.

Why the op also here is, is it not to make some money? most people you find in the cryptocurrency industry are here to make money, so having fee on a service rendered is not out of the way, but exorbitant fee is what I totally frowned on, I feel some exchanges are just selfish to be charging a very high fees when they can simply make their fees low even if they don’t have the volume yet.

[guydin]

I was also wondering where that came from too, I mean the idea that op had of having free fee exchanges, even the main decentralized coin that we have which started this cryptocurrency thing has its own network fee which sometimes could be minimal and sometimes could be high depending on traffic at that moment, so there is no reason for anyone to create a free platform for trading.

Why the op also here is, is it not to make some money? most people you find in the cryptocurrency industry are here to make money, so having fee on a service rendered is not out of the way, but exorbitant fee is what I totally frowned on, I feel some exchanges are just selfish to be charging a very high fees when they can simply make their fees low even if they don’t have the volume yet.

It could come from advertisements. Some exchanges place ads with caps lock NO COMMISSION just to attract new customers. They probably take no commission but for some other kind of operations, extra services, etc. Crypto is always being exchanged the way so the exchange could have profit. Otherwise, they would be simply bankrupted. So we need to pay for their work.

[milewilda]

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've been here in crypto industry business and used several exchanges, but I never heard that any of it has no transaction charge.
Almost all exchange site platform whether decentralized or centralized had their own transaction fee. Meaning, that's not possible because fee of charges in every exchange is one of their source to get profit.

I was also wondering where that came from too, I mean the idea that op had of having free fee exchanges, even the main decentralized coin that we have which started this cryptocurrency thing has its own network fee which sometimes could be minimal and sometimes could be high depending on traffic at that moment, so there is no reason for anyone to create a free platform for trading.

Why the op also here is, is it not to make some money? most people you find in the cryptocurrency industry are here to make money, so having fee on a service rendered is not out of the way, but exorbitant fee is what I totally frowned on, I feel some exchanges are just selfish to be charging a very high fees when they can simply make their fees low even if they don’t have the volume yet.

Okay lets say that exchangers dont have fees but same as you said with network fees alone you would really need to pay up anytime you do make transactions either deposit or withdrawals.
Talking solely on buying and selling then there would be a specific fees deducted and this is where exchangers do make profits.Funds needed for them to maintain the platform itself and making it operational knowing that this had been staffs and team behind to make it run.So having no fees is impossible.

[Renampun]

i don't think it can be totally free, even if it be declared free,the payment it must have been settled by a supportive organisation, the exchange fee should not be an issue for anyone as it is just a little percent of our coin. if it is getting too much we can always shout out for help. 

absolutely right, nothing is totally free, keeping the operation of an exchange going well requires money and relying on ads on the platform alone won't be enough, so... free exchange fee is impossible or same as suicide.  so far I'm not sure if there is an exchange that says they can survive without a fee.

[samcrypto]

i don't think it can be totally free, even if it be declared free,the payment it must have been settled by a supportive organisation, the exchange fee should not be an issue for anyone as it is just a little percent of our coin. if it is getting too much we can always shout out for help. 

Yes, that's a good money for the exchange to continue living and to continue their project at the very good position. If we don't pay any charges then I don't think any exchange can survive for many years being like that. That's a small money which can be multiplied if more users are using their exchange. Its good to have a fees but hopefully those exchanges will be fair on charging fees so many users will stay.

[Ms_Arc]

If you are a service provider, it's hard for you to do your job well for free.
So please pay for your activities.

[bryant.coleman]

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.

Running an exchange is not an easy tasks. There are multiple expenses involved, starting from purchasing the domain to hiring the support staff. If the revenues don't come from the trading fee and deposit/withdrawal fee, then they need to find some other source for the income. Advertising revenue may be one of the avenues, but I doubt whether it can be big enough to fund the exchange solely on its own.

If you don't want to pay any exchange fee, then use a decentralized exchange. But then, nothing in this world comes for free. If you want quality services, then be ready to pay for it.

[Janation]

I don't think this will happen.

The thing is that they will not be able to get a profit out of it. Another thing is that fees are needed for the miners who mined that cryptocurrencies, without the fees, there will be no miners staying at that crypto I think. I am using a local exchange and I can transact freely but I can't trade without any fees since I think because that is an exchange.

[TastyChillySauce00]

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.

Running an exchange is not an easy tasks. There are multiple expenses involved, starting from purchasing the domain to hiring the support staff. If the revenues don't come from the trading fee and deposit/withdrawal fee, then they need to find some other source for the income. Advertising revenue may be one of the avenues, but I doubt whether it can be big enough to fund the exchange solely on its own.

If you don't want to pay any exchange fee, then use a decentralized exchange. But then, nothing in this world comes for free. If you want quality services, then be ready to pay for it.

Also to mention that an exchange really need to keep monitoring their security and improves. If it is a centralized exchange there's just no way it can hold without the fees, although there's some way that can give them money other than demanding fee or putting ads which is hosting an IEO and take some fees out of it but that's not a guaranteed income for the exchange. The only way that makes sense is an open source automated decentralized exchange.

[magneto]

With decentralized exchanges, this could be possible.

However with centralized exchanges it is pretty much impossible for anyone to offer a fee-free service, unless they are doing something shady in the background that they would be able to generate revenue from. Just think about it - an exchange's primary function for the owner is to generate profits. If not from fees, you'd really have to question their legitimacy.

I think the trading fees itself for novice traders isn't even that big of an issue, given the fact that it's a percentage based fee that is significantly lower for traders with lower volumes. You should be looking at other fee structures such as withdrawal/deposit fees instead.

[Thanasis]

Trading fee on most crypto exchanges are very low only their withdrawal fee will be very high so you can convert your token into btc or ethereum as whatever you want it then keep hold that amount in your account and till you convert all of your small amount of token into Bitcoin then withdraw it to your wallet with saves multiple withdrawal fee but you need to pay trading fee every time.