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Author Topic: In case you care about 0% trading fees  (Read 502 times)
artbart (OP)
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October 10, 2019, 08:24:24 AM
Last edit: October 16, 2019, 11:56:15 AM by artbart
 #1

Hello,
here, on Bitlocus we have launched two promotions for those who are trading fees aware:

1. Each new verified client gets 30 days of free trading. (update/clarification: free trading is activated right after KYC is passed (tier 2))
2. After that, you will be able to order our recently launched "Zero Trading Fee" service which costs 9 EUR/mo (charged in advance) or simply go-ahead with the default volume-based fees ranging 0.1 to 0.01% for makers and 0.2 to 0.06% for takers.

Extra candies are:
- referral program (20% instant commission from the trading fees your referred user has paid)
- crypto tolerant European IBAN  service (3rd party)







rijaljun
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October 10, 2019, 02:48:33 PM
 #2

I think people here already have their own favorite exchange to trade on and looks like they are not interested at all to a new exchange with a fake volumes Grin
I suggest you to stop using that kind of strategy to attract new users for your exchange, it will just make your exchange looks like a scam.

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CryptoBry
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October 11, 2019, 04:24:38 AM
 #3

Hello,
here, on Bitlocus we have launched two promotions for those who are trading fees aware:

1. Each new verified client gets 30 days of free trading.
2. After that, you will be able to order our recently launched "Zero Trading Fee" service which costs 9 EUR/mo (charged in advance) or simply go-ahead with the default volume-based fees ranging 0.1 to 0.01% for makers and 0.2 to 0.06% for takers.

Extra candies are:
- referral program (20% instant commission from the trading fees your referred user has paid)
- crypto tolerant European IBAN  service (3rd party)


As a lesser known cryptocurrency exchange, I would love to know more on this platform. Please tell me more on its many salient features that can be at par (and can not be found) with your competitors. Aside from that, I am curious to know of the security measures this exchange is taking so as not to be part of the victim of hacking statistics. While the crypto-exchange industry is already crowded, we are always looking for innovations and who knows...Bitlocus might have what we are looking for.

Honestly though, I don't like the name Bitlocus because it sounds to me like "locust" a beautiful creature but can be a pest to many farmers though many chickens love to chase them away and eat (full of digestible protein and nutrients I guess). At any rate, I am wishing you guys the best for your business.

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October 11, 2019, 04:53:55 AM
 #4

Hello,
here, on Bitlocus we have launched two promotions for those who are trading fees aware:

1. Each new verified client gets 30 days of free trading.
2. After that, you will be able to order our recently launched "Zero Trading Fee" service which costs 9 EUR/mo (charged in advance) or simply go-ahead with the default volume-based fees ranging 0.1 to 0.01% for makers and 0.2 to 0.06% for takers.

Extra candies are:
- referral program (20% instant commission from the trading fees your referred user has paid)
- crypto tolerant European IBAN  service (3rd party)


Be warned, while free trading is great, it may not always be the case.

There have been so many data leakages and phishing attempts online that have been rampant, especially in the crypto world, that you have to be careful about the things you sign up for. Are you really willing to share your data or even worse, risk your money being taken away, for just a few dollars on trading fees?

0xacBBa937A57ecE1298B5d350f40C0Eb16eC5fA4B
Shasha80
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October 11, 2019, 05:45:36 AM
 #5

Thanks for your exchanges info, but I already have a favorite trading place. Just for input to attract new users for your exchanges
is not enough with the free trading or referral program.It must be added something that provides more benefits in the form of
coin or money, for example if you register the month this will get 0.001 BTC free, you can trade or withdraw directly. That way
I'm sure there will be many who signed up. Good luck with your business. By the way nice unique name Bitlocus kinda like it.

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October 11, 2019, 10:25:39 AM
 #6

The 30 day no trading fees is kinda attracting so I have signed up to the website and explore it. I am slightly disappointed and confused about this.



Correct me if I'm wrong. There is only 9 trading pairs? I am expecting that I can use your exchange with my hold coins to trade to your site. Though I like the idea that there is already an app available in an Android and Apple. Will you add some coins and other trading pairs?
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October 11, 2019, 10:29:23 AM
 #7

Zero trading fees is really good but it would look better if you initiate margin trading on your Exchange. Moreover what is the earning model of this exchange? we all know how DEX work they just charge gas fees for transactions and no internal trading fees is this something like that or what?
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October 11, 2019, 11:25:21 AM
 #8

I guess this is the new way of attracting traders in the crypto sphere, offering them 0% fees would be nice isn't it. But as somewhat as pointed out, only 9 trading pairs? It's either this trading exchanges are "forcing" us to just trade those coins in them or simply they've just started and can only list only coins.

But I don't think that this business model is going to last that long, I mean they are in the business of making money, so how can they profit here? Doesn't make sense at all.

R


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October 11, 2019, 11:39:20 AM
 #9

The 30 day no trading fees is kinda attracting so I have signed up to the website and explore it. I am slightly disappointed and confused about this.



Correct me if I'm wrong. There is only 9 trading pairs? I am expecting that I can use your exchange with my hold coins to trade to your site. Though I like the idea that there is already an app available in an Android and Apple. Will you add some coins and other trading pairs?

I think yes if this exchange is growing rapidly this will add another pair of coins, and I just found out about the Bitlocus exchange I think this user is still a bit, so the developer should be able to promote again or even launch an IEO Launchpad.

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October 11, 2019, 11:45:56 AM
 #10

Even it is sound interesting having 0% fee, I don't think many will be attracted on it since many traders prefer to use the tested exchanges, maybe in the future if many already use and testify it's safe and good to use, some loyal supporters of today's top exchanges may shift in to you. But know that traders are smarter now they tend to stay away from projects that are too good to be true since it may lead to regrets at the end like other projects that fails before.

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October 11, 2019, 11:58:18 AM
 #11

fake volumes
That is just one thing of many that I worry about when I see a new exchange opening up.  Doubtless they inflate their numbers, but I worry more about losing my crypto to an exit scam.  That's why I only trade on the big name exchanges.

As regards the fees, Binance, Poloniex, and Kucoin all have fees which are more than reasonable and I would not be attracted to a new exchange even if they offered something like 0%.  That isn't a sustainable business model for an exchange anyway, so it would smell fishy to me right from the start.
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October 11, 2019, 12:38:48 PM
 #12

The 30 day no trading fees is kinda attracting so I have signed up to the website and explore it. I am slightly disappointed and confused about this.

~~
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Correct me if I'm wrong. There is only 9 trading pairs? I am expecting that I can use your exchange with my hold coins to trade to your site. Though I like the idea that there is already an app available in an Android and Apple. Will you add some coins and other trading pairs?
Dont rush up since they were just starting and its just normal for a new exchange to have fewer listed pairs but at least we are seeing the major ones listed which is pretty normal.

30 days no trading fees is really attractive and it dont make any sense on that fix 9 euro per month for continuing such zero trading fee because they would make more money with that casual maker and taker fees.So theres no point on giving their users had options.Platform design is somewhat neat on my part remembering poloniex with this one.


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October 11, 2019, 01:05:41 PM
 #13

We have trading sites that we used and the majority of sites where we are trade is the Binance most of the trader know this site.
I think the fee in Binance is okay but thank you for sharing the trading site that you know but for sure many people will not trade that site because they have site that their trade and it's hard to trust for new trading sites or even that old if the trader do not know if that legit or not.
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October 11, 2019, 01:42:41 PM
 #14

fake volumes
That is just one thing of many that I worry about when I see a new exchange opening up.  Doubtless they inflate their numbers, but I worry more about losing my crypto to an exit scam.  That's why I only trade on the big name exchanges.
Big exchanges do have a possibility to exit scam too, like everything could be a scam at the end. Take a little time for yourself to find historical stories and everything that brought us here, you would know that every company has an end and it's all just the matter of time.

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Kelvinid
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October 11, 2019, 01:47:57 PM
 #15

I don't know if this is legit or not knowing the fact that it is newly launched and ain't to trading volume yet.

https://coincodex.com/exchange/bitlocus/

Maybe I could say that this is not a secured exchange to visit with until OP could show something reliable in the eyes. Cause we are aware of scamming activities in which people are taking care of their funds.
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October 11, 2019, 01:56:06 PM
 #16

Perhaps, I will check it later as I see the 0% trading fee is a good promotion. But unfortunately, the exchange only has 9 pairs so I would suggest you add more pair to attract more traders to come. You need to increase the volume trading from day by day so it will look good in the trader's eye. It is normal to see you don't have a big list of the coin to trade because I am sure if you want to make your exchange bigger, you need to add more features to your site. And that is not as simple as we can imagine because that will need big effort to make it bigger than now.

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October 11, 2019, 02:11:01 PM
 #17

Even if the trading fee is a zero and what am trading on is not profitable to my reasoning I will not trade, my biggest fear in trading is not trading fee, I am scared of insecurity and the project going bad
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October 11, 2019, 02:11:15 PM
 #18

when trading at an exchange place that does not have market costs for trading I suggest to be careful because it does not make sense, the platform where the exchange has a very large cost in terms of security and functionality of the website must also work well, so if there is no costs incurred by the trader how the developer can pay for all of that, being careful is better than losing everything.

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October 11, 2019, 02:33:06 PM
 #19

I am very skeptical if trading with 0% fees.
Not because i don't like free, but i think new exchanger is like faking volume, also i don't get how they exchanger make profit. I'm worry if i get banned without notice, so can't withdraw my coin or my coin get hacked.
There is many exchanger already closed, so i don't think will trade in new exchanger.
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October 11, 2019, 02:33:19 PM
 #20

Hello,
here, on Bitlocus we have launched two promotions for those who are trading fees aware:

1. Each new verified client gets 30 days of free trading.
2. After that, you will be able to order our recently launched "Zero Trading Fee" service which costs 9 EUR/mo (charged in advance) or simply go-ahead with the default volume-based fees ranging 0.1 to 0.01% for makers and 0.2 to 0.06% for takers.

Extra candies are:
- referral program (20% instant commission from the trading fees your referred user has paid)
- crypto tolerant European IBAN  service (3rd party)


Even we have pay 9 Euro, it's still means there are trading fee. 0% trading fee is when we don't need  to pay anything (even there is no any charged in advance). I think it's kinda difficult to advertise new exchange site since there are lot of trusted exchange sites already out there.

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