Why do we always have to pay fee?

[BITDV]

it's normal for exchange services to charge fee. In some exchange they charge 0.3%-1% for every trade and transactions

They used fee from their users to operate business such as, software development, hardware support, team sallary and etc.It's worthed as you use their service to trade your coin


If you think they steal from you, i guess no. Just you bit lazy to read their document such as services fee. From the begining they already provide information, and users should read it carefully. If users dont want to pay fee so dont agree with TOS and don't signup

[Darker45]

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

Rest assured that they are not stealing from you. Fees are always there. In fact, to a certain extent, fees are necessary. It is where the profit of the exchange comes from. They sure need that or else they will stop their operation altogether. Fees are necessary to fund their staff to make sure everything's running pretty well, safe, and secured.

And 0.25% is not that big a deal. That's still within the minimal level. Please bear with it because it cannot be taken out.

[Rehmanchoudhary5]

OK tell me one thing why someone will work free for you, they're not steeling if you go to their fee schedule they told you about fees already, they've designed the best exchange, they do advertising, they've employees, bots, why they established everything, they aren't running an NGO. I hope you get it

[freedomgo]

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

You have to read the TOS of the exchange, and if that is not included, that's the time you can say they steal money from you.
Fee is just normal, it's the life blood of every exchange, without it, they can't continue their service since they are all profit oriented business.

[jazmuzika217]

Yes this is normal. All transactions have fees. So make all your transactions meaningful. Like us, they need to earn also coming from our fees. We are having their service so they need to charge some fees . It's up to you on how to save your money and make your fees worth it. Make sense it is normal scenario in every transactions.

[bright4mech]

Fee payment is simply means transaction charges, which some Exchange platform called it Gas, to enable the token to move out from one wallet to another. Therefore, the fee payment has been implemented right from time, even our local bank charges and even worst.

[Utoy101]

The 0.25% they charge you is for the trade fee and not gas fee. Trade fee is charged on an exchange while gas fee is charged during wallet to wallet transactions or during withdrawal on exchange.
Not that the gas fee goes to miners and trade fee on an exchange goes to the management and the funds are used in running and maintaining the exchange.

[Ucy]

Well, the companies are charging you for the services they provide ,plus you will need to pay more  Bitcoin when the network is congested.
So you will continue to be charged more as long as you use wallets provided by companies and make transfers when the network is congested

[aggress0r]

When you make a transaction, it need to be confirmed to be success. There are many miners in the world who make your transaction confirmed and the system need to be paid to do it.

I know that mate we ought to pay miners for their job and the ability to maintain the whole crypto ecosystem that's the fact and I'm eager to pay for it but I was talking about the fees of the exchange, that sometimes do not correspond to the level of services they provide.

[passwordnow]

Getting a domain isn't free.
Building up the system of an exchange isn't free.
Having a security of their website isn't free.
If you are complaining about why we have to pay the fee, stop using any service. Miners are getting paid to secure transactions and they aren't doing it for free. Same goes for exchanges.

[DavethaMan]

Simply because it costs resources to provide the transaction service, either if it's btc or normal wiring.

[thiscomm]

I think it's a normal thing for every crypto to replace their service sending your money. that includes a lower cost than you use the services of a traditional bank. with fast service and you do not need to queue up with good data recording without being known by other parties, guaranteed the security of your transaction.

[ife2020]

Well in my simple opinion, if you can pay charges willingly on binance, kucoin or hotbit platforms
Then it is only natural that changelly charges little fee  too

It’s their platform and also  a source of income for them too.
Manage the fees or go for a cheaper platform

[hiburak]

That's a good question. Centralized exchanges and services depend on the fees we pay them. Decentralized platforms and cryptocurrencies also charge fees to pay miners and node owners for their services. One of the main reason is to prevent someone to spam the network.

Currently liquidity seems to be more important for a lot of users, but eventually users will only go with the services charging near to zero fees if not zero.

[passwordnow]

Getting a domain isn't free.
Building up the system of an exchange isn't free.
Having a security of their website isn't free.
If you are complaining about why we have to pay the fee, stop using any service. Miners are getting paid to secure transactions and they aren't doing it for free. Same goes for exchanges.

And if that exchange free everything. Then I think that exchange is a scam, and one day it will disappear along with the entire amount of users. I've seen many exchanges gone along with tens of millions of dollars

I will understand if that exchange do it for the meanwhile and its part of their promo but it won't last long.
But it's unusual to see an exchange that has no fee. I think there is one and its robinhood but I haven't used them and I don't know the condition for its free withdrawal.

[Jenkins33]

I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?

I also do not like to pay fees for transferring my money from wallet to wallet. However, this is how blockchain works and payment of a commission is necessary. This makes you learn to be careful about your coins and think through all transactions in advance.

[dongosquad]

Absolutely everywhere there are transaction fees without it or how. But fees can be less - it depends on the market price of the coin. I like how did ERC-20 as we are able to determine our fees. And the higher they are, the faster your transaction will happen.

yes, the fee is compensation from the price we pay for the services we use. we can adjust the nominal according to the speed and effectiveness of the transaction we want. However, there is always a minimum limit set by the exchange, and we must abide by it.

[spike420211]

anyone can tell me which exchange don't collect fees for any transaction?
all i know is some exchange have their token and by using it you will pay half of the fee.
Does any exchange exist now for free fees? thanks in advance!

I have not met such exchanges. There are birdies that give a discount on commissions for the first time or forever, but that would not be completely free. Otherwise, what is the point of creating and holding an exchange for its creators?
As in the case of banks, everywhere in such services we pay for the provision of these services.

[chanler]

Most exchanges will charge us the fees when making some transactions. It is like when you use your bank account, sometimes, you need to pay fees for certain kind of transactions. However, the fees will be various depending on each coin and exchange. nd the fees for transferring, withdrawal, deposit, or trading will be also different. Sometimes, some exchanges are free of the fee, but it is very small possibilities. The exchanges also want to get the money when you use their platform, nothing is free right now.

[Lexurdania]

Most exchanges will charge us the fees when making some transactions. It is like when you use your bank account, sometimes, you need to pay fees for certain kind of transactions. However, the fees will be various depending on each coin and exchange. nd the fees for transferring, withdrawal, deposit, or trading will be also different. Sometimes, some exchanges are free of the fee, but it is very small possibilities. The exchanges also want to get the money when you use their platform, nothing is free right now.

Every transaction we do, there must be a fee that we must pay. Exchangers must charge fees for operational costs and I think this is reasonable. I agree that this is like a bank, when we use their services, we are charged for the continuity of their operations