Topic: Free Exchanges Fees? is this Possible. - page 6. (Read 1203 times)

I think it's difficult to make it happen. exchange is a company, and from the fee the exchange can run, carry out its duties. without fees, there is no income for the exchange, so how can the company run, what about employee salaries, taxes, etc.

I doubt that the exchange that will offer 0 fee can turn into scamming because exchangers is not orphanages or charity that will give you service and take you no fees.

They need to survive and for that fees must be collected so the miscellaneous will be covered and also for them to have profit,maybe there are some who offers the lowest fees yet they need to collect to survive and continue serving the people

If for transfer tokens i don't think it can happen, beside the exchange need fee for themself, to pay miner need some money too. But maybe if in 1 site but different account, usually some sites have internal transaction without fee.

I don't think that it is possible to have an exchanges without fees, exchanges act as the middle man between the buyer and seller and for them to provide that kind of service they need to have a way to earn money from it and that it is by taking some small fee, and if you don't want to use an exchange to sell your airdrops than you will find yourself losing those fees doing multiple transactions trying to move them around. and if anyone out there claims that they have a site that has no fees than it is 100% a scam and you should avoid it.

Don't fall for no-fee exchanges (there are some actually, and they usually have 0 fee promotions when they start out). There are so many ways exchanges make money, they are after all companies whose primary motivation is profit. And that's right and fair.

Basically, there are 3 main ways to make money. Fees, which is an exact charge for a service either in a fixed amount or a percentage. Commission, which is what brokers charge for arranging the trade (you're either the maker or taker of an offer, matched by the exchange who acts as the mediator to broker the deal). And then, there's the spread. The exchange I use has a pretty high fee compared to others but they got a lovely spread, meaning I don't lose too much if I suddenly change my mind and buy back the BTC I just sold a while ago. On the other hand, there are exchanges with no fees but a really huge spread between buy and sell.

Think of exchanges as those money changers you see in most cities. They have signboards some of them who say No fees or Zero Commissions... but they could have really shitty buy/sell rates (huge spreads).

I suppose the ideal future of atomic swapping on cross platform DEXs means people literally exchange P2P across blockchains, so only need to pay miner fees or maybe smart contract fees.

Even if the exchange fees were lowered or charge nothing they will find a way to incorporate their fees some other way just to recoup the cost of offering 0 to no exchange fees.

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?

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.

The exchange has to get money somewhere, to pay their employees and servers. I'm not aware of any exchanges that don't have withdrawal fees... but for no trading fees, you have Cobinhood (apparently, they host airdrops as well).

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.