Author

Topic: Free Exchanges Fees? is this Possible. (Read 1201 times)

hero member
Activity: 2492
Merit: 542
August 05, 2019, 04:06:54 AM
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.
full member
Activity: 966
Merit: 102
August 04, 2019, 10:53:55 AM
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
sr. member
Activity: 1701
Merit: 308
August 04, 2019, 05:01:17 AM
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
sr. member
Activity: 1974
Merit: 453
August 03, 2019, 11:41:16 PM
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.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
August 03, 2019, 06:46:46 PM
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.
sr. member
Activity: 1722
Merit: 309
August 03, 2019, 06:31:45 PM
#99
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.
sr. member
Activity: 1512
Merit: 306
https://duelbits.com/
August 03, 2019, 01:47:17 PM
#94
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
member
Activity: 616
Merit: 12
Send&Receive Money Instantly, w/ no hidden costs
August 03, 2019, 01:33:31 PM
#93
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.
legendary
Activity: 2926
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
August 05, 2019, 02:23:41 PM
#91
If you are a service provider, it's hard for you to do your job well for free.
So please pay for your activities. Wink
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.

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.
jr. member
Activity: 378
Merit: 1
August 05, 2019, 05:14:26 AM
#90
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
newbie
Activity: 9
Merit: 0
August 05, 2019, 03:07:58 AM
#89
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. 
hero member
Activity: 1820
Merit: 515
★777Coin.com★ Fun BTC Casino
August 04, 2019, 09:20:58 AM
#88
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.
You are right and come to think that they do have staffs to be paid and they wont just make use of their own money from their own pockets to pay them up.
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?
Don't trust anyone if they say they will do anything for you as free of cost.

This is either scam or will add their commission on the cost of the thing we are buying.
full member
Activity: 952
Merit: 104
August 03, 2019, 07:26:49 PM
#87
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.
member
Activity: 282
Merit: 11
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
August 03, 2019, 07:00:00 PM
#86
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.
full member
Activity: 1316
Merit: 126
August 03, 2019, 06:23:55 PM
#85
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.
hero member
Activity: 2996
Merit: 609
August 03, 2019, 04:43:06 PM
#84
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.
You are right and come to think that they do have staffs to be paid and they wont just make use of their own money from their own pockets to pay them up.
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?
legendary
Activity: 1344
Merit: 1001
August 03, 2019, 03:12:43 PM
#83
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.
hero member
Activity: 1820
Merit: 515
★777Coin.com★ Fun BTC Casino
August 03, 2019, 01:48:47 PM
#82
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.
member
Activity: 363
Merit: 10
August 03, 2019, 10:59:21 AM
#81
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
hero member
Activity: 1820
Merit: 515
★777Coin.com★ Fun BTC Casino
August 03, 2019, 10:00:55 AM
#80
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.
hero member
Activity: 1666
Merit: 753
August 03, 2019, 04:11:57 AM
#79
With decentralized exchanges, this could be possible.

However with centralized exchanges it is pretty much impossible for anyone to offer a fee-free service, unless they are doing something shady in the background that they would be able to generate revenue from. Just think about it - an exchange's primary function for the owner is to generate profits. If not from fees, you'd really have to question their legitimacy.

I think the trading fees itself for novice traders isn't even that big of an issue, given the fact that it's a percentage based fee that is significantly lower for traders with lower volumes. You should be looking at other fee structures such as withdrawal/deposit fees instead.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
August 03, 2019, 03:44:39 AM
#78
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.

Running an exchange is not an easy tasks. There are multiple expenses involved, starting from purchasing the domain to hiring the support staff. If the revenues don't come from the trading fee and deposit/withdrawal fee, then they need to find some other source for the income. Advertising revenue may be one of the avenues, but I doubt whether it can be big enough to fund the exchange solely on its own.

If you don't want to pay any exchange fee, then use a decentralized exchange. But then, nothing in this world comes for free. If you want quality services, then be ready to pay for it.
Also to mention that an exchange really need to keep monitoring their security and improves. If it is a centralized exchange there's just no way it can hold without the fees, although there's some way that can give them money other than demanding fee or putting ads which is hosting an IEO and take some fees out of it but that's not a guaranteed income for the exchange. The only way that makes sense is an open source automated decentralized exchange.
hero member
Activity: 1722
Merit: 528
August 03, 2019, 02:45:57 AM
#77
I don't think this will happen.

The thing is that they will not be able to get a profit out of it. Another thing is that fees are needed for the miners who mined that cryptocurrencies, without the fees, there will be no miners staying at that crypto I think. I am using a local exchange and I can transact freely but I can't trade without any fees since I think because that is an exchange.
legendary
Activity: 3724
Merit: 1217
August 03, 2019, 02:22:21 AM
#76
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.

Running an exchange is not an easy tasks. There are multiple expenses involved, starting from purchasing the domain to hiring the support staff. If the revenues don't come from the trading fee and deposit/withdrawal fee, then they need to find some other source for the income. Advertising revenue may be one of the avenues, but I doubt whether it can be big enough to fund the exchange solely on its own.

If you don't want to pay any exchange fee, then use a decentralized exchange. But then, nothing in this world comes for free. If you want quality services, then be ready to pay for it.
newbie
Activity: 31
Merit: 0
August 02, 2019, 09:31:38 PM
#75
If you are a service provider, it's hard for you to do your job well for free.
So please pay for your activities. Wink
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
July 29, 2019, 08:48:35 PM
#74
i don't think it can be totally free, even if it be declared free,the payment it must have been settled by a supportive organisation, the exchange fee should not be an issue for anyone as it is just a little percent of our coin. if it is getting too much we can always shout out for help. 
Yes, that's a good money for the exchange to continue living and to continue their project at the very good position. If we don't pay any charges then I don't think any exchange can survive for many years being like that. That's a small money which can be multiplied if more users are using their exchange. Its good to have a fees but hopefully those exchanges will be fair on charging fees so many users will stay.
sr. member
Activity: 2338
Merit: 365
July 29, 2019, 06:20:04 PM
#73
i don't think it can be totally free, even if it be declared free,the payment it must have been settled by a supportive organisation, the exchange fee should not be an issue for anyone as it is just a little percent of our coin. if it is getting too much we can always shout out for help. 
absolutely right, nothing is totally free, keeping the operation of an exchange going well requires money and relying on ads on the platform alone won't be enough, so... free exchange fee is impossible or same as suicide.  so far I'm not sure if there is an exchange that says they can survive without a fee.
legendary
Activity: 3094
Merit: 1127
July 29, 2019, 04:14:18 PM
#72
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.

I've been here in crypto industry business and used several exchanges, but I never heard that any of it has no transaction charge.
Almost all exchange site platform whether decentralized or centralized had their own transaction fee. Meaning, that's not possible because fee of charges in every exchange is one of their source to get profit.
I was also wondering where that came from too, I mean the idea that op had of having free fee exchanges, even the main decentralized coin that we have which started this cryptocurrency thing has its own network fee which sometimes could be minimal and sometimes could be high depending on traffic at that moment, so there is no reason for anyone to create a free platform for trading.

Why the op also here is, is it not to make some money? most people you find in the cryptocurrency industry are here to make money, so having fee on a service rendered is not out of the way, but exorbitant fee is what I totally frowned on, I feel some exchanges are just selfish to be charging a very high fees when they can simply make their fees low even if they don’t have the volume yet.
Okay lets say that exchangers dont have fees but same as you said with network fees alone you would really need to pay up anytime you do make transactions either deposit or withdrawals.
Talking solely on buying and selling then there would be a specific fees deducted and this is where exchangers do make profits.Funds needed for them to maintain the platform itself and making it operational knowing that this had been staffs and team behind to make it run.So having no fees is impossible.
full member
Activity: 686
Merit: 103
www.fintropy.io
July 29, 2019, 03:43:28 PM
#71

Quote
I was also wondering where that came from too, I mean the idea that op had of having free fee exchanges, even the main decentralized coin that we have which started this cryptocurrency thing has its own network fee which sometimes could be minimal and sometimes could be high depending on traffic at that moment, so there is no reason for anyone to create a free platform for trading.

Why the op also here is, is it not to make some money? most people you find in the cryptocurrency industry are here to make money, so having fee on a service rendered is not out of the way, but exorbitant fee is what I totally frowned on, I feel some exchanges are just selfish to be charging a very high fees when they can simply make their fees low even if they don’t have the volume yet.

It could come from advertisements. Some exchanges place ads with caps lock NO COMMISSION just to attract new customers. They probably take no commission but for some other kind of operations, extra services, etc. Crypto is always being exchanged the way so the exchange could have profit. Otherwise, they would be simply bankrupted. So we need to pay for their work.
hero member
Activity: 2464
Merit: 585
July 23, 2019, 03:12:14 AM
#70
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.

I've been here in crypto industry business and used several exchanges, but I never heard that any of it has no transaction charge.
Almost all exchange site platform whether decentralized or centralized had their own transaction fee. Meaning, that's not possible because fee of charges in every exchange is one of their source to get profit.
I was also wondering where that came from too, I mean the idea that op had of having free fee exchanges, even the main decentralized coin that we have which started this cryptocurrency thing has its own network fee which sometimes could be minimal and sometimes could be high depending on traffic at that moment, so there is no reason for anyone to create a free platform for trading.

Why the op also here is, is it not to make some money? most people you find in the cryptocurrency industry are here to make money, so having fee on a service rendered is not out of the way, but exorbitant fee is what I totally frowned on, I feel some exchanges are just selfish to be charging a very high fees when they can simply make their fees low even if they don’t have the volume yet.
sr. member
Activity: 910
Merit: 251
July 17, 2019, 07:08:09 AM
#69
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.

I've been here in crypto industry business and used several exchanges, but I never heard that any of it has no transaction charge.
Almost all exchange site platform whether decentralized or centralized had their own transaction fee. Meaning, that's not possible because fee of charges in every exchange is one of their source to get profit.
jr. member
Activity: 378
Merit: 1
July 16, 2019, 11:21:20 AM
#68
I don't think this is possible. How would that exchange gain profit from its traders? Nothing is free these days. A business without profit won't last long. Just imagine working hard but you won't get paid.
Is this not part of the selfishness we are talking of, or would I call it greed? How will he expect someone to just wake up suddenly, and then develop an application that would cost him some thousands of dollars to put up together, and then give it out free to people forever? How can that be possible when he is not a good Samaritan, if you ask op this question if he would do such, I am sure that his answer would be typical NO.

If he likes free things, why not let him give out his coins free to the charity too since it is so small to him, and don’t want to pay fee, the charity section of Binance is ready to accept it fully and comply with the necessary fee required to monetize the token for further use. Most exchanges pays a lot to maintain their exchange, it will be impossible for anyone to run a free exchange without considering profit first.
Well, exchange that free of charge is definitely not existent because the cost to set up such a system, it needs too much money, even if a person wants to do good, they will not be able to do such a silly thing, the system is composed of many individuals, one may not need money but others still need money, profit is too huge and it is impossible for a person to refuse easily. In addition, free exchange is not a guarantee of safety, almost everyone understands about it, so people will choose to exchange prestige, instead of an exchange that free the transaction fee of activities
legendary
Activity: 3276
Merit: 1128
July 16, 2019, 11:07:27 AM
#67
I don't think this is possible. How would that exchange gain profit from its traders? Nothing is free these days. A business without profit won't last long. Just imagine working hard but you won't get paid.
Is this not part of the selfishness we are talking of, or would I call it greed? How will he expect someone to just wake up suddenly, and then develop an application that would cost him some thousands of dollars to put up together, and then give it out free to people forever? How can that be possible when he is not a good Samaritan, if you ask op this question if he would do such, I am sure that his answer would be typical NO.

If he likes free things, why not let him give out his coins free to the charity too since it is so small to him, and don’t want to pay fee, the charity section of Binance is ready to accept it fully and comply with the necessary fee required to monetize the token for further use. Most exchanges pays a lot to maintain their exchange, it will be impossible for anyone to run a free exchange without considering profit first.
legendary
Activity: 3276
Merit: 1128
July 16, 2019, 09:42:05 AM
#66
I don't think this is possible. How would that exchange gain profit from its traders? Nothing is free these days. A business without profit won't last long. Just imagine working hard but you won't get paid.
Is this not part of the selfishness we are talking of, or would I call it greed? How will he expect someone to just wake up suddenly, and then develop an application that would cost him some thousands of dollars to put up together, and then give it out free to people forever? How can that be possible when he is not a good Samaritan, if you ask op this question if he would do such, I am sure that his answer would be typical NO.

If he likes free things, why not let him give out his coins free to the charity too since it is so small to him, and don’t want to pay fee, the charity section of Binance is ready to accept it fully and comply with the necessary fee required to monetize the token for further use. Most exchanges pays a lot to maintain their exchange, it will be impossible for anyone to run a free exchange without considering profit first.
legendary
Activity: 2436
Merit: 1189
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July 12, 2019, 11:45:24 AM
#65
Firstly we need to think that how an exchange run and how they get money for their work, So I think the way are Trading fees, withdrawal fees, and new coin listing fees. these are the source of earn from any exchange. So if any exchange wants to give service without trading fees, they can but I don't think the exchange/service will live long. And another thing can happen that trading fee is ( 0 )but the withdrawal fee is higher than other exchanges.
member
Activity: 459
Merit: 10
July 12, 2019, 11:33:11 AM
#64
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.
I don't think there will be that exchange type. Exchange is created to serve the buying and selling needs of investors, if they do not charge a transaction fee, how will they develop it?
No service is free here. If you feel inconvenient because airdrop is too little money, you can not do it to switch to bounty. The bonus is higher and it is higher than the limited withdraw of the exchanges. Wink
sr. member
Activity: 1204
Merit: 272
1xbit.com
July 12, 2019, 10:11:49 AM
#63
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.

If we see practically, then it's not possible.
It will be also unfair for the particular exchange too.
The exchange uses the fees to get their site maintenance.
The fees act like salary for them.
The exchange pays the team from those fees only.
So it's fair to give some amount of fees.
hero member
Activity: 1666
Merit: 629
July 12, 2019, 10:02:37 AM
#62
I think that such a service is not possible because these services are set up for profit margins and they have to cover their own expenses. A service that does not have any income source cannot cover its own expenses and in a short period of time it will victimize its users and migrate completely from the market. So even though it's such a service, I think it should be well thought out before using it. There is always a risk of losing all your capital to avoid paying service fees.
hero member
Activity: 2464
Merit: 585
July 12, 2019, 05:37:48 AM
#61
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.
I have used a platform like that, there are no costs in trading transactions or withdrawals, but it doesn't last long because if it continues from where the platform benefits
I think the fees at popular exchanges like Binance, Huobi, OKEx, etc. already have very reasonable costs
I bet that platform will be scam platform, if there is any exchange that does not have any fee attached to it, then they were there to probably defraud investors, because it is from this fee that they maintain their platform, and even if the exchange was donated as a charity exchange, and the owner does not intend making profitfrom it, it will still attract fee no matter how little it is for them to be able to continuously run the exchange.

For reasonable cost, I think Binance still has it all, I don’t know of the rest, but anything that makes me to still look for lesser fee than the one I am getting from Binance, then I have automatically join the group of op that is looking for zero fee, because I can say that Binance transaction fee is almost close to zero and can be afforded by any trader.
hero member
Activity: 2954
Merit: 605
July 11, 2019, 06:18:12 PM
#60
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.
Perfect response. There's no way an exchange won't charge you for trading. Even with zero fees, the Exchange would have programmed a way of getting something back or incorporate some hidden fees units spread and trading pairs. All these are gimmicks to get more users and tradera..nothing goes for nothing.
It might be a scam if they'll never do it.
This is the only they keep alive and business run smoothly. Now, if we look into legit and reputable exchanges they are collecting fees and how these new exchanges never do it the same? It surely that they hide something and we might just surprise that we've been charges without knowing anything.
full member
Activity: 798
Merit: 104
Buy, sell and store real cryptocurrencies
July 11, 2019, 05:05:24 PM
#59
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.
Perfect response. There's no way an exchange won't charge you for trading. Even with zero fees, the Exchange would have programmed a way of getting something back or incorporate some hidden fees units spread and trading pairs. All these are gimmicks to get more users and tradera..nothing goes for nothing.
full member
Activity: 994
Merit: 101
July 11, 2019, 01:43:57 PM
#58
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.

Without pay how can an exchange will earn money and give there employ's payment. but i think there some exchange who don't take fees. but i have doubt that how much trust able are they. be safe when you trade. lot of scammer out there. don't loose your huge amount money for save some penny.  Wink Wink
sr. member
Activity: 626
Merit: 251
July 11, 2019, 11:31:18 AM
#57
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.


No every exchange site have a different fees in every trading and transaction they need money for the maintenance of their platform to bring trader a smooth and secure trading site so its impossible that their a exchange site that run zero fees.
fee exchange is actually commensurate with the facilities provided, so when the fee is zero I think that might be a difficult thing for exchange, because only through the fee exchange can get money and do maintenance and provide facilities for member exchange
full member
Activity: 287
Merit: 102
July 11, 2019, 07:43:27 AM
#56
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.
For centralized exchanges, it is quite impossible because many of them are running the business for the profit and no one will offer you free trade, except maybe you get an exchange that is new and probably running promo, and that is even the worst because you will not get the volume to even sell the token off.

He only option that o think you can explore now is DEX exchanges, maybe you could trade your coin there with no fee provided you have a very strong bargaining strength, because even if it is peer to peer exchange, I think there must still be a little fee for you to pay, so you cannot completely escape this. The best bet now is just for you to hope that the token you receive will appreciate one day for you to be able to pay the exchange fee from it, so you just have to leave it for long.
full member
Activity: 994
Merit: 106
Official Street Team member
July 11, 2019, 12:35:11 AM
#55
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.
I have used a platform like that, there are no costs in trading transactions or withdrawals, but it doesn't last long because if it continues from where the platform benefits
I think the fees at popular exchanges like Binance, Huobi, OKEx, etc. already have very reasonable costs
full member
Activity: 798
Merit: 104
July 10, 2019, 07:14:05 PM
#54
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.


No every exchange site have a different fees in every trading and transaction they need money for the maintenance of their platform to bring trader a smooth and secure trading site so its impossible that their a exchange site that run zero fees.
member
Activity: 262
Merit: 10
July 10, 2019, 06:49:18 PM
#53
I think it is impossible because crypto exchanger need money for their employee or maintenance of their exchanger or use as added security to their website nowadays there are so many crypto exchanger are easy to hack and to steal bitcoin to the user of their exchanger. If you are the owner you need to pay for it and the fee would be great exchanged.

I agree, trading fee shouldn't be free because every exchanges needed that amount of crypto fee for their business to sustain. Don't expect free exchange fee but rather much lesser fee is enough to accommodate our trading needs as well. Just be fair enough and not so demanding about fees in exchanges, that business so we should cooperate.
hero member
Activity: 1232
Merit: 738
Mixing reinvented for your privacy | chipmixer.com
July 10, 2019, 06:21:30 PM
#52
can we possibly have an Exchange with little or No fees for trading and transfers of token.
exchange platform needs money to maintain its site and pay employees
and transferring coin/token needs to pay at least the minimum network fee

is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading.
so basically you want free money handed out to you for little to no effort on your side

but it seems that we have been left out because the little we have can not be transfered to exchanges.
then do peer-to-peer trade, buy and sell directly with your counterpart without going thru exchange platform
but you still need (can't avoid) to pay for network fee when sending out the coin/token
hero member
Activity: 3038
Merit: 592
BTC to the MOON in 2019
July 10, 2019, 08:27:21 AM
#51
The fees in trading sites are just reasonable, you can't expect a free as no exchange operates like that when fee is their main income to continue their business. In the first place, exchange are profit oriented so that alone will explain you'll never get anything free here, aside from the airdrop you receive.
full member
Activity: 1750
Merit: 118
July 10, 2019, 05:46:00 AM
#50
low fee it will be make sense but for free i think its impossible because they need income to.

yeah i agree and actually this is what im about to say but already said it for me  Smiley    ,  there are exchanges that have small fees but there is no free so far because they will loose  . there are certain wallet or coins that have a zero fee but i think that is only applicable from the same wallet or on the same coin  .


and also pay their employee,

no they dont pay thier employee but they are paying the miners to process the transaction  . if a transaction has no fee , the miner wont mine it and your transactions will stuck  .
hero member
Activity: 798
Merit: 503
July 10, 2019, 05:14:48 AM
#49
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.
No one will make special exchanges or conditions for people with pennies from airdrop. We are all equal, therefore the conditions for almost everyone will be equal. If you are interested in crypto currency, then learn the information necessary for trading and become a full-fledged part of all this.
full member
Activity: 1554
Merit: 101
July 10, 2019, 04:57:13 AM
#48
low fee it will be make sense but for free i think its impossible because they need income to.
and also pay their employee, the greater the exchange will be give the good service like binance,OKEx,upbit.
even for decentralized exchange you have to pay fee.
full member
Activity: 448
Merit: 101
July 10, 2019, 03:35:21 AM
#47
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.
I have also seen someone ask this same question sometime in this forum and everyone was mentioning Cobinhood. At First time I thought they meant Robinhood crypto exchange but after searching it up on Google I realized it was another different exchange, with C being the difference in their name. I have not done much research about this Cobinhood but they claim to offer a zero trading fees platform and even secure and friendly experience. They also have an android and iPhone app, which I also checked out and they are very user-friendly. I believe the site might be legit.
hero member
Activity: 1666
Merit: 502
July 09, 2019, 07:22:41 PM
#46
I don't think there is a no transfer fee, but for the no fee exchange there are some such as cobinhood, simplefx and coinfloor. I think to find a no fee withdrawal is impossible, at least a low fee with a good exchanger in my opinion bitmex, primex, binance and cex.io
hero member
Activity: 2996
Merit: 609
July 09, 2019, 06:31:04 PM
#45
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.
There will be always a withdrawal fee to support transaction fee when you are dealing with cryptocurrencies, have only seen zero withdrawal fee for bitcoin cash in binance (may be they are putting transaction fee from their pocket as it is so small).

Regarding zero trading fees cobinhood is one option available but they have 0.001 BTC in withdrawal fee also from what they claim most of these fees goes to miners which I doubt.
0.001 fee is actually too much imho when we do talk about solely for miners fees but well its their claim though.

There's always a fee on any exchange,there might be some zero trading fees or deductions but these are just good for promotions or short times.
legendary
Activity: 1218
Merit: 1006
July 09, 2019, 05:45:56 PM
#44
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.
There will be always a withdrawal fee to support transaction fee when you are dealing with cryptocurrencies, have only seen zero withdrawal fee for bitcoin cash in binance (may be they are putting transaction fee from their pocket as it is so small).

Regarding zero trading fees cobinhood is one option available but they have 0.001 BTC in withdrawal fee also from what they claim most of these fees goes to miners which I doubt.
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
July 09, 2019, 05:37:36 PM
#43
Running an exchange its not an easy job. From protection against hackers cost, paying martket markers,  bots and many other exchange fees the cost of maintaining an exchange is high so geting an exchange with free listing will be hard
hero member
Activity: 1092
Merit: 501
July 09, 2019, 02:52:58 PM
#42
Its impossible.If any exchanger go for free fees.then exchanger should pay the fees. because to make a tx need some fees to confirm that tx.Also exchanger owner pay hosting bill domain bill,also they have some staff and worker.if they make free fees then that exchanger can't survive
We need to give these exchanges the reasons and hence the incentives to keep running their operations and keep on providing the great services they have been providing for long. Exchange fee is not a huge thing and this is the exchange fee per transaction that goes to fund the operations of the exchange. Without this fee, exchanges would not work for long.
legendary
Activity: 2212
Merit: 1008
July 09, 2019, 09:14:22 AM
#41
Its impossible.If any exchanger go for free fees.then exchanger should pay the fees. because to make a tx need some fees to confirm that tx.Also exchanger owner pay hosting bill domain bill,also they have some staff and worker.if they make free fees then that exchanger can't survive

Actually maybe and such exchanges exist, but I can't guarantee the matter of trust and safety. I personally better use exchanges for costs but in terms of security. If you want to trade without fees, then use a decentralization exchange like IDEX, Forkdelta, etc. I think DEX is a shortcut to get exchanges with low cost trading and transfer tokens, because DEX pays fees directly from transaction costs.
hero member
Activity: 1120
Merit: 553
Filipino Translator 🇵🇭
July 09, 2019, 07:30:25 AM
#40
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.
An exchanger can have a no trading fee but it can't have a no withdrawal fee because the fee for transferring a token/btc/altcoin is being paid for miners who are processing the transaction. Perhaps transferring token from one account to another account with zero fee is possible since it's same wallet but it's unlikely to happen since this is one source of profit by and exchange and being used for the development and maintenance of their software or website.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
July 09, 2019, 07:21:49 AM
#39
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.

Every exchangers need some fees to earm some profit also every traders and investors even trading theres a fees also for exchanging buying or selling some altcoins in exchanges.

By adding some fees trading, the money will be useful to maintain or to pay the other services that they have so they can continue the exchanges so the exchange doesn't have any trouble in the future. Trading fee is not just for their profit but it's also to cover the other fee that sometimes happens without they thought. So I think it is normal if they have a trading fee and besides that, I am sure that the fee is not too big than the trader's profit so for me, it is not possible to see the zero fee trading in the exchanges.
legendary
Activity: 2940
Merit: 1083
July 09, 2019, 07:17:09 AM
#38
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.

Isn't asking that kind of benefit is already too much here in crypto?

People want to trades, want to be secured, want to be safe, then accept the fees.

Looking at the average fees at the majority of exchanges, it seems that it won't hurt our pocket so much.
full member
Activity: 784
Merit: 123
July 07, 2019, 07:14:21 PM
#37
maybe it could happen in the future, but now with a fee it can be used as a profit for the exchange by offering a satisfying service for the users. so I think this is a good deal to deal
They can only just offer low fees but setting it free, I don't think so. And I don't think it is a good deal nor to have fair with them cause this is the only they survive. Traders and investors are just looking for satisfying fees(low) cause we know that fees are very important to them.
If someone could offer free services, then to think what are they up to and where they can get benefits?
hero member
Activity: 2352
Merit: 594
July 09, 2019, 03:53:38 AM
#37
I don't think this is possible. How would that exchange gain profit from its traders? Nothing is free these days. A business without profit won't last long. Just imagine working hard but you won't get paid.
full member
Activity: 882
Merit: 110
July 07, 2019, 06:23:57 PM
#36
maybe it could happen in the future, but now with a fee it can be used as a profit for the exchange by offering a satisfying service for the users. so I think this is a good deal to deal
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
July 08, 2019, 11:33:07 AM
#36
It is quite possible but why would anyone do it? How would they make any money if they do a free exchange? I mean it is possible but at what cost? Will there be exchanges with advertisements to make money? Will they use the peoples money for staking and masternodes to make money? How are they going to profit if they make the trading free? That is why it is definitely technically possible, there are zero house edge casinos as well but none of them are big or known because no casino with zero house edge ever made it big with that type of not earning, same for exchange as well because if you have no trade fee then you can't make money and if you can't make money that way then you will try to find another way and that would not be accepted by the customers at all.
legendary
Activity: 3122
Merit: 1140
July 08, 2019, 10:51:04 AM
#35
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.
Exchangers are businesses and its dumb for owners to built one without making any profits yet there are staffs and maintenance to expend on but

somehow theres an exchange like Cobinhood which doesnt have trading fees,just wondering on how they do sustain it up but if you do look up for these things then
you can try it out.
hero member
Activity: 1274
Merit: 516
July 08, 2019, 04:45:34 AM
#34
I think the exchanges need the fee to survive, they need money to rent the domain and to upgrade their system, without the fee, the owner will need to pay all of that from its pocket, low fee still possible but without fee the site wont survive
full member
Activity: 868
Merit: 100
Proof-of-Stake Blockchain Network
July 08, 2019, 10:19:44 AM
#34
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.

Every exchangers need some fees to earm some profit also every traders and investors even trading theres a fees also for exchanging buying or selling some altcoins in exchanges.
full member
Activity: 810
Merit: 101
July 07, 2019, 06:08:19 PM
#33
That would be too good for us. But as we know nothing is free. Exchanges also need something to earn and develop and they do it with the help of exchange fees. This is the same if you come to the store and ask for free products.
legendary
Activity: 2618
Merit: 1105
July 08, 2019, 08:05:09 AM
#33
If you have little amount to trade, you will feel like being left out.

Oh come on, I mean OP is speaking about airdrops which is a waste of time sometimes while it can give you fortunes the other way if you wait. Why not wait and collect more instead of 'feeling that you are left out'? He wants everything for free, from money through airdrops to free exchange fees but is it possible?

Quote
Some exchanges are the worse you can use, coineal and gate.io does have a minimum withdrawal. I have tried trading in these exchanges with the little capital I have but if the minimum withdrawal is 0.12BTC, you will start to pick up another coin just so you can withdraw your funds. That would be another fee to pay.

There are shitload of exchanges to choose from, so why does he need everything free? And if you are worried about additional fees, let me tell you that if you buy small quantity of XRP, doge or other coins with cheap transaction fees then you should be bothered as it is saving you more on the other side (as you will not be paying huge BTC amount for withdrawal).
legendary
Activity: 1876
Merit: 1003
July 07, 2019, 03:40:58 PM
#32
Actually there are a lot of sites for comparing the exchange fees. For withdrawal fees, you can search google in order to find the exchanges that offer free Bitcoin withdrawals: Bitstamp and Shakepay
hero member
Activity: 2842
Merit: 772
July 08, 2019, 07:50:12 AM
#32
Its impossible.If any exchanger go for free fees.then exchanger should pay the fees. because to make a tx need some fees to confirm that tx.Also exchanger owner pay hosting bill domain bill,also they have some staff and worker.if they make free fees then that exchanger can't survive

Perhaps when an exchange was still in the beginning of their career, they might employed this so called free trading to attract potential customers.

But in a business standpoint, it is suicide if you do everything for free, it doesn't make sense at all. Server maintenance, the opsec, where do the owner will get the money to pay for them to keep the business alive and running well?
sr. member
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
July 08, 2019, 05:38:52 AM
#31
Its impossible.If any exchanger go for free fees.then exchanger should pay the fees. because to make a tx need some fees to confirm that tx.Also exchanger owner pay hosting bill domain bill,also they have some staff and worker.if they make free fees then that exchanger can't survive
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
July 07, 2019, 05:36:29 PM
#30
I don't think it's possible, even many marketplaces offer things like that but basically they take advantage of something else that looks like it's indeed free for ordinary people. So, I think it would be better to be more transparent even though it is expensive fees, at least more transparently we can accumulate it before using it because everything needs calculation.
legendary
Activity: 3290
Merit: 1901
Shuffle.com
July 07, 2019, 05:29:26 PM
#29
On this page you can find list of exchanges that have very small trading fees. When you're trading altcoins with very little total value the trading fees should be less of a problem since it's only a small percentage in this situation the miner fees usually costs more. Exchanges that have free fees on one part could be charging more on other parts(selling,buying,witdrawals).
full member
Activity: 770
Merit: 126
July 07, 2019, 05:13:53 PM
#28
I don't think such exchange exist or will come into existence in time to come for reason being that they are in business to make profit and anything contrary to reducing their profit or for them not to make profit at all will not be possible. Even if there are other way in which they can make more money, I don't think they will adopt free transaction fee for all their customers.
member
Activity: 596
Merit: 10
July 07, 2019, 05:11:38 PM
#27
That isn't possible. It is not profitable for the exchange to make exchange fees free of charge. Because this is what allows the exchange to exist. Otherwise, such an exchange simply has will not future.
Ucy
sr. member
Activity: 2576
Merit: 402
Bisq is a Bitcoin Fiat Dex. Use responsibly
July 07, 2019, 02:21:22 PM
#26
There are couple of exchanges with little fee but I doubt they have lots of  tokens . Have you tried ethereum-based decentralized Exchanges? Many of them have attractive fees... The only problem is liquidity, minimum deposit requirement,  and difficulty of selling at preferred prices
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
July 07, 2019, 12:06:42 PM
#25
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.
maybe for now almost all exchanges apply fees, but we don't know in the future. I think fees are commensurate with the exchange in providing services to users

Else, search for an exchange with low transaction and trading fees. This is the lifeline of exchanges so it is really by default that most exchanges have fees. They only vary on how much they are charging the users. For instance, bitcoin withdrawal fees - tradesat is charging like 10ksat, while most are charging 50k sat and others are 100k sat. So it all depends on your priorities, where you want to do the transaction and the trust on that exchange that they will give your money in time.
member
Activity: 523
Merit: 11
July 07, 2019, 11:49:40 AM
#24
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.
maybe for now almost all exchanges apply fees, but we don't know in the future. I think fees are commensurate with the exchange in providing services to users
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
July 07, 2019, 12:02:46 PM
#24
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.

I think that is impossible because every exchange wants to make a profit from the fee and that is why every exchange has a different fee for trading. How they can get additional income for the traders if it's not from the fee and I think that will be used to help to maintain the website. Besides that, the fee is not too high depends on our profit and we should accept their rule related to the fee of trading. Perhaps, you should not think about the fee because from the fee, we could see the exchange could do many improvements that will make them better than before.
full member
Activity: 783
Merit: 100
July 07, 2019, 11:55:07 AM
#23
I don't think the fee should be disputed because you have been given maximum service on the exchange. so I think this is one of the exchange income of the users and if there is no fee exchange there might not be income
legendary
Activity: 1904
Merit: 1000
July 07, 2019, 11:00:19 AM
#22
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.

This is what you think as you are depended upon air drops only. Practically exchanges are made with the intention of earning money and if there is no trading fee, how will exchanges will earn? New exchanges may waive the trading fee initially to promote their sites but they can't run the exchange without getting some revenue out of it.

Yes, exchange is a business place. They need money to run their business and of course they want to get a good return from it. I don't think there will be an exchange that is willing to do a voluntary work and bear all the operational costs from their own pocket without drawing fees from its users.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
July 07, 2019, 10:53:28 AM
#21
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.
Fee are indeed if someone giving you some service so you have to be aware of scams that if someone says that they are giving it for free.
sr. member
Activity: 980
Merit: 261
July 07, 2019, 10:00:33 AM
#20
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.

It will be hard for this to happen, fees are used for maintaining the service of the exchange and in technical aspect you can see this as your basis for the knowledge about the different fees  https://medium.com/totle/crypto-trading-fees-explained-and-how-to-minimize-them-203f0938f2f1.
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
July 07, 2019, 09:37:32 AM
#19
Yes it might be possible based on the proposal from digitex exchange although they'll be launching and focusing more on future exchange rumors are that they might also introduced a spot exchange alongside their future exchange. You can read through their whitepaper for better understanding on how the exchange will work, currently they just employed the service of SmartDec to continue development of the exchange which might launch anything soon. Currently no exchange offers zero trading commision but digitex has promised that so lets see how it goes.
hero member
Activity: 2758
Merit: 617
Leading Crypto Sports Betting & Casino Platform
July 07, 2019, 09:34:33 AM
#18
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.

This is what you think as you are depended upon air drops only. Practically exchanges are made with the intention of earning money and if there is no trading fee, how will exchanges will earn? New exchanges may waive the trading fee initially to promote their sites but they can't run the exchange without getting some revenue out of it.
sr. member
Activity: 1190
Merit: 255
July 07, 2019, 09:24:03 AM
#17
If you don't want to pay exchanges for their 'services', please stop using them. You are trading to make money and you don't want to pay to use their platform? There's no free lunch and so nothing comes for free. Binance is the cheapest I have used with 0.1% trading fees and lessened to 0.075% if we maintain some BNB in our account.

It's your thinking that makes you feel like you are left out, but you are not. Who is complaining? Nobody.

Hey that way, you will come some day and ask for BTC or token transaction fees to be waived off completely?  Huh

If you have little amount to trade, you will feel like being left out. Some exchanges are the worse you can use, coineal and gate.io does have a minimum withdrawal. I have tried trading in these exchanges with the little capital I have but if the minimum withdrawal is 0.12BTC, you will start to pick up another coin just so you can withdraw your funds. That would be another fee to pay. BNB is going to be a preferred exchange and all you have to do is buy BNB tokens for your fees.
legendary
Activity: 2618
Merit: 1105
July 07, 2019, 09:02:33 AM
#16
If you don't want to pay exchanges for their 'services', please stop using them. You are trading to make money and you don't want to pay to use their platform? There's no free lunch and so nothing comes for free. Binance is the cheapest I have used with 0.1% trading fees and lessened to 0.075% if we maintain some BNB in our account.

It's your thinking that makes you feel like you are left out, but you are not. Who is complaining? Nobody.

Hey that way, you will come some day and ask for BTC or token transaction fees to be waived off completely?  Huh
sr. member
Activity: 840
Merit: 268
July 07, 2019, 08:33:02 AM
#15
All exchange I know has transaction fees. Where would they get money for paying their employees if the exchange will not issue fees for transactions? I searched through the internet and found this COBINHOOD | Cryptocurrency Exchange without trading fees.
hero member
Activity: 2772
Merit: 645
No dream is too big and no dreamer is too small
July 07, 2019, 08:27:43 AM
#14
Fees are the lifeblood of exchanges, they have survived because of this and people wanting to be free? This will be impossible to happen.
If we are also running an exchange, will surely be doing as well. Only we have options to take and look at those exchanges that only asking for low fees but not to the extent of finding it free.
 
full member
Activity: 826
Merit: 100
July 07, 2019, 04:17:15 AM
#13
I also experienced it, where gifts from airdrop cannot enter the exchange. but I think the fee from the exchange cannot be eliminated, because with the fee that can turn on the exchange. I just hope the price of the coin is high so that it can be sold on the exchange

hero member
Activity: 3094
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July 07, 2019, 07:58:06 AM
#13
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.

Just put yourself in the place of a crypto exchange website owner.Would you offer your website/service to the traders for free and get 0 coins/money while having to pay for hosting,advertising and taxes?
Even if the crypto trading platform was 100% free from fees,the traders on the platform would start charging fees for their transactions. Sad 
hero member
Activity: 2912
Merit: 642
July 07, 2019, 07:46:04 AM
#12
Low trading fees will be possible but not free.
Same with withdrawals. Dynamic mode could really help if you are having problems with the high fees or you could try a pool to save some money.

We still have to be considerate with miners. The fees are for their little profit besides what they mine. The difficulty now is really high and with a long span before they can mine this fees will be their little profit or the very least income they could make to pay for electric bills.
legendary
Activity: 2590
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Welt Am Draht
July 07, 2019, 05:50:07 AM
#11
There have been zero fee exchanges in the past. They made it up by charging high withdrawal fees, probably front running the trades of their customers and it turns out some were using customer funds in ludicrous non crypto 'investment' schemes without permission.

I would prefer to be charged fees and not be raped or exploited.
member
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Trader
July 07, 2019, 12:24:03 AM
#10
I have not seen this exchanger yet, every exchange take fees. Some exchanger take little fees and some exchanger take something more fees. But,No exchanger does the free trade.
hero member
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Leading Crypto Sports Betting & Casino Platform
July 07, 2019, 04:32:34 AM
#10
Blockchain fee? Not possible as of now, maybe it is but you will wait centuries for your transaction to be confirmed. But, free exchange fee is possible. You or the community or someone else just need to create your own version of automated decentralized exchange using the available open source and then run it, the operational fee could be earned from the donation, other than that I don't see any possibility.
sr. member
Activity: 910
Merit: 251
July 07, 2019, 02:46:22 AM
#9
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.

As far as I know, there is no exchange that will implement no charge in every transaction . Because this is one of the main reason why every

exchange platform survive in the market. Unless, you make a transaction with a persons which is close to you or someone trusted to you.
sr. member
Activity: 882
Merit: 301
July 06, 2019, 01:37:51 PM
#8
can we possibly have an Exchange with little or No fees for trading and transfers of token.
Trade on Etherdelta or Forkdelta.

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.
I find it hard to believe that an airdrop hunter has no time doing bounties as well especially when you are wearing a signature. I also took a quick look in your post history and found out that you have been into a lot of bounties already.  
full member
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July 06, 2019, 12:52:03 PM
#7
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.
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.
sr. member
Activity: 2828
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Eloncoin.org - Mars, here we come!
July 06, 2019, 01:08:37 PM
#7
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.
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
hero member
Activity: 1932
Merit: 504
July 06, 2019, 12:13:23 PM
#6
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.
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.
sr. member
Activity: 1400
Merit: 283
July 06, 2019, 12:50:04 PM
#6
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.
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.
legendary
Activity: 2912
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July 06, 2019, 11:38:07 AM
#5
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.
legendary
Activity: 2828
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July 06, 2019, 10:53:31 AM
#4
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.
legendary
Activity: 2268
Merit: 18697
July 06, 2019, 10:50:45 AM
#3
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.
staff
Activity: 3500
Merit: 6152
July 06, 2019, 10:48:57 AM
#2
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).
member
Activity: 616
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July 06, 2019, 10:29:56 AM
#1
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.
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