Topic: Free Exchanges Fees? is this Possible. (Read 1231 times)
All exchanges I know have some corresponding fees involved in every transactions wether its a centralized or dex you have to spent some gas to send and withdraw your tokens to your own wallet no such thing as no fees this days all are run by money nothing more.
it might be hard for exchange to use the system because by freeing the exchange I think they don't get profit. and that they have to keep using fees, maybe the only way is to reduce exchange fee fees so that it can be lower for anyone who uses
Every free withdrawal must be charged high fees, from the first free withdrawal always appears like we follow a bounty airdrop we just fill in a fill from without having to work,We can also send tokens directly and withdraw them for free, but all we need is a very high withdrawal fee
If there is some other source of revenue, then it may be possible to waive off the exchange fees. One of the avenue is from the listing fee. Promoters of little known altcoins usually make a small payment to the exchanges, to get themselves listed. Another source can be from the IEOs. For using the exchange platform, a fee can be extracted from the IEO promoters.
No fees can be if exchanges offers one but you also have to understand that running an exchange platform is hard and it needs maintenance and it has a lot of expenses and owners need to get money to cover those expenses and that money is coming from the fees, I would say they can lower the fee perhaps because some exchanges have big fees but to have it zero fee is not advisable.
Yes, however all require fees for a good transaction and when we want to use it at no charge even though the platform exists, but at least it will worry about transactions that might be problematic at any time. So with fees at least it will make users feel comfortable with the transactions made even though all of them will have very diverse risks.
No fees can be if exchanges offers one but you also have to understand that running an exchange platform is hard and it needs maintenance and it has a lot of expenses and owners need to get money to cover those expenses and that money is coming from the fees, I would say they can lower the fee perhaps because some exchanges have big fees but to have it zero fee is not advisable.
Having an exchange with the least that we have is very rarely found at this time, every token that has entered a trade must have its own transfer value or limit, if what we have exceeds the exchange we can transfer, unless they leave it
No, I'm not sure about that, because it still isn't really that provides similar evidence. Even the new exchange labeling zero fees turns out to have a Withdrawal fee, I guess slogans like that are only part of the current marketing strategy. And that's really works. People don't mind too much for this.
If you are a service provider, it's hard for you to do your job well for free.
So please pay for your activities.
Would he even ever think of creating such platform at all, if money had nothing to do with platform, even so call charity organizations still has a way of making their money from the system.So please pay for your activities.
I am nit against these exchanges having fees at all, but what I am just against is some fees that some of them do charge which I feel is quite too much and feels like it has defeated the objective of cryptocurrency, because one of the objective of crypto is to have a reduced fee on transactions irrespective of the platform it is coming from. I guess it is just greed that is making some platform charge very high on their fees, it is because of low fee that I decided to just stay with Binance, and I guess that till date, they have the lowest fee.
All exchanges I know have some corresponding fees involved in every transactions wether its a centralized or dex you have to spent some gas to send and withdraw your tokens to your own wallet no such thing as no fees this days all are run by money nothing more.
Obviously, as long as we participate in a certain exchange and start work through it to make money, it always needs a corresponding amount of cost, although it is not too high but it will always appear for each time we transfer money. And this cost is a fee to ensure our safety, ensuring that the exchange has enough resources to continue developing their services, without these costs, our safety is very low when there is no capital, exchanges will not be able to upgrade or hire people, lack of motivation to go up
Yes. But similar to other answers, this is only possible on decentralized exchanges.
DEX usually charges v low fee. But Switcheo does not charge for maker fees and withdrawals fees. So these two are free.
Takers fees are usually low on DEXs too.
DEX usually charges v low fee. But Switcheo does not charge for maker fees and withdrawals fees. So these two are free.
Takers fees are usually low on DEXs too.
there should be an exchange implementing this. but I think when the exchange applies it is definitely no income from profit fees, and the exchange will suffer losses. maybe lowering exchange costs will be better
No one can offer any service for free.We can give right amount of fee if they are providing the better service so we need to support the exchanges with good support and the fair amount of fee structure will help more exchanges to come with better service.
Also they do need money for maintenance and hosting matters.All comes or do need to be paid.Imagine how a business do works if it do gives free service without many any money?
This is either scam or will add their commission on the cost of the thing we are buying.
Nope nothing will do that, imagine the owners of the exchange need to pay to the team working their company so is stupid this speaking all about business not charity.
It won't be possible for trading sites to offer this free fees for every trading transactions. Our fee is used to run the business, so we can't expect any free charges for that. Possibly low transaction fee will be imposed but not to the extent of free transaction.
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.
Exchanges are also businesses and normally businesses are made to gain profits, so if you think about having zero fees, do you think exchanges will continue on operation? I just don’t think so, if they will provide zero fees then where can they the money to pay for the maintenance of the exchange platform? Wages? and other expenses. If I were the owner I would shut down the exchange since it is a waste of money and time knowing that he can’t get any profits.
there should be an exchange implementing this. but I think when the exchange applies it is definitely no income from profit fees, and the exchange will suffer losses. maybe lowering exchange costs will be better
No one can offer any service for free.We can give right amount of fee if they are providing the better service so we need to support the exchanges with good support and the fair amount of fee structure will help more exchanges to come with better service.
Also they do need money for maintenance and hosting matters.All comes or do need to be paid.Imagine how a business do works if it do gives free service without many any money?
I think decentralized exchanges are appropriate for your needs. There are many exchanges like that, now there are binance dex with very low cost that can meet your needs. The limitation is that it only supports beep2 platform and the volume is quite small
The volume is not sufficient to meet the requirements on decentralized exchanges and the lack of smoothness makes it hard to trade on these trading platforms. Afaik, the DDEX exchange has very low trading fees for both maker and takers. Makers should pay around 0.1% and the takers are supposed to pay approximately 0.3$. IDEX also has a similar fee structure: For makers: 0.1% and for takers 0.2% IIRC. there should be an exchange implementing this. but I think when the exchange applies it is definitely no income from profit fees, and the exchange will suffer losses. maybe lowering exchange costs will be better
No one can offer any service for free.We can give right amount of fee if they are providing the better service so we need to support the exchanges with good support and the fair amount of fee structure will help more exchanges to come with better service.
I think decentralized exchanges are appropriate for your needs. There are many exchanges like that, now there are binance dex with very low cost that can meet your needs. The limitation is that it only supports beep2 platform and the volume is quite small
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.
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