Author

Topic: exchanges that offer 0 commissions (Read 183 times)

legendary
Activity: 2576
Merit: 2880
Catalog Websites
March 30, 2022, 10:53:33 PM
#6
Hello I understand there are several exchanges that offer 0 commissions but I saw a video in which they explained that these 0 commissions have trap ... if I remember correctly was something related to the slippage ... Has anyone used any of these platforms that offer 0 commissions? what is your experience?
I have never used (or known) any 0% commission exchange, but usually exchanges make the majority of their profits from commissions, so if they are always offering 0% commission (not only for example for the first month after you register) then I wouldn't trust them because they may be making money in some shady/hidden way, otherwise how could the exchange sustain itself in the first place?
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
March 30, 2022, 11:46:51 AM
#5
The free crypto conversion quotes on coinbase also seem very unreasonably costly and considering how well rated coinbase normally are, this makes everywhere else seem risky.

If you can't/don't set limit orders, you're normally losing.
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
March 30, 2022, 10:56:07 AM
#4
Zero commission exchanges are also at high risk for wash trading (fake volume).

FreeBitcoins.com's altcoin exchange doesn't offer free trading, but we do have a faucet to allow people to test us for free.

The withdrawal fees are low enough on some of the altcoins we offer that you can withdrawal after a single faucet hit, in order to test our system.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
March 30, 2022, 10:52:08 AM
#3
It's also a bit of the 'pay me now or pay me later' theory.

Free trades. But high withdraw fees.
Free trades. But we sit on your cash transfers in for a few days and earn interest.
Free trades. But as NeuroticFish said the rates suck.
Free trades. But....you get the point.

-Dave
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
March 30, 2022, 10:46:09 AM
#2
Hello I understand there are several exchanges that offer 0 commissions but I saw a video in which they explained that these 0 commissions have trap ... if I remember correctly was something related to the slippage ... Has anyone used any of these platforms that offer 0 commissions? what is your experience?

I imagine that in those exchanges one does not have so much control with the losses and stop losses, right?
On another hand, according to a video I saw to transfer the balance from one exchange to another the best way to pay less commissions is to use litecoin? most videos simply suggest using bitcoin?

And one last question, I can transfer a small amount (for example 5 euros) for example from coinbase pro to kucoin and start trading in kucoin with that amount, right? the minimum deposit is for card payments and transfers, right?

I don't know about 0-fees, but there are a lot of platforms where the fees/commisions are hidden in the price without telling. I guess that's the slippage you're talking about.
So you don't see a fee, but the price you're buying at is higher than the normal price from the other exchanges and the price you're selling at is lower than what you'd see at other exchanges.
I've seen this behavior at certain crypto card businesses and basically all bitcoin ATMs.

About 5$ from Coinbase Pro.. I don't have account there, but I am almost sure you cannot do that. Just take a look at Coinbase Pro minimum amount you can withdraw and what's the fee for it. Most exchanges have quite big withdrawal fees (usually incorrectly calling them miner fees), just the fee alone being bigger than 5$.
jr. member
Activity: 84
Merit: 4
March 30, 2022, 10:38:42 AM
#1
Hello I understand there are several exchanges that offer 0 commissions but I saw a video in which they explained that these 0 commissions have trap ... if I remember correctly was something related to the slippage ... Has anyone used any of these platforms that offer 0 commissions? what is your experience?

I imagine that in those exchanges one does not have so much control with the losses and stop losses, right?
On another hand, according to a video I saw to transfer the balance from one exchange to another the best way to pay less commissions is to use litecoin? most videos simply suggest using bitcoin?

And one last question, I can transfer a small amount (for example 5 euros) for example from coinbase pro to kucoin and start trading in kucoin with that amount, right? the minimum deposit is for card payments and transfers, right?
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