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Topic: How do no fee exchanges make money (Read 3222 times)

newbie
Activity: 42
Merit: 0
August 29, 2014, 09:48:11 AM
#53
I guess they get legitimate amounts from ads on the sides.
newbie
Activity: 42
Merit: 0
August 28, 2014, 12:35:27 PM
#52
Whatsapp uses the classic ask for a bit in a huge userbase = big money scheme.
sr. member
Activity: 476
Merit: 250
August 27, 2014, 11:12:58 PM
#51
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
I don't think whatsapp is actually charging "0" to their users as they are pushing advertisements which they are receiving revenue from. The exchanges are not doing this. To say that something like whatsapp is "free" is really misleading.

Whatsapp will start charging fee next year I believe. Now that they have network effect and people are basically stucked with all their contacts using it, they will need to pay fee to continue using it.




they will lose 90% of the users. there are many free alts, like the 20x better Skype
I agree. There are simply too many free ways to be able to communicate for anyone to be willing to pay anything of monetary value. People would likely be willing to look at asks in order to pay for chat like services.

The issue with exchanges is that ad revenue would likely not pay for the expenses associated with running an exchange so this would really not be an option.
sr. member
Activity: 1512
Merit: 292
www.cd3d.app
August 27, 2014, 03:46:50 AM
#50
killing all opponent with free fee, and then cut wool form users

They don't have to cut wool after their competitors are dead.

They can raise the fee slightly but keep it low enough to stop new competitor from entering the same business.

A new competitor with deep pockets could still undercut them.
yes, market capitalization of bitcoin is still too small
hero member
Activity: 588
Merit: 500
August 26, 2014, 06:33:26 PM
#49
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
I don't think whatsapp is actually charging "0" to their users as they are pushing advertisements which they are receiving revenue from. The exchanges are not doing this. To say that something like whatsapp is "free" is really misleading.

Whatsapp will start charging fee next year I believe. Now that they have network effect and people are basically stucked with all their contacts using it, they will need to pay fee to continue using it.
they will lose 90% of the users. there are many free alts, like the 20x better Skype

Not everyone want to deal with inconvenient of keeping more than one application to keep track of all the clients.

The fee of $1 per year will not make business type switch.

The business types are not their target market. They are trying to appeal to the masses. I would think that most of their base would never consider paying anything. If they tried to charge anything then their users might do something crazy like...who knows.....talk to others in person.
full member
Activity: 213
Merit: 100
August 26, 2014, 01:13:23 PM
#48
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
I don't think whatsapp is actually charging "0" to their users as they are pushing advertisements which they are receiving revenue from. The exchanges are not doing this. To say that something like whatsapp is "free" is really misleading.

Whatsapp will start charging fee next year I believe. Now that they have network effect and people are basically stucked with all their contacts using it, they will need to pay fee to continue using it.
they will lose 90% of the users. there are many free alts, like the 20x better Skype

Not everyone want to deal with inconvenient of keeping more than one application to keep track of all the clients.

The fee of $1 per year will not make business type switch.
hero member
Activity: 588
Merit: 500
August 25, 2014, 08:56:35 PM
#47
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
I don't think whatsapp is actually charging "0" to their users as they are pushing advertisements which they are receiving revenue from. The exchanges are not doing this. To say that something like whatsapp is "free" is really misleading.

Whatsapp will start charging fee next year I believe. Now that they have network effect and people are basically stucked with all their contacts using it, they will need to pay fee to continue using it.
I am sure that it would be very easy to get contact information (likely phone numbers) of people that are regularly communicated with via whatsapp. As a result charging no fees will do nothing for them long term except get a bunch of accounts that will never be used once a fee is implemented.
member
Activity: 82
Merit: 10
August 25, 2014, 12:47:42 PM
#46
Probably the zero fee exchanges earn through the banner ads on the website, I can't see other ways.
Or may be not they are just investing to gain costumers and later they charge when you start using on usual basis.They might even have some other ideas in mind like scamming just waiting for a big deal
newbie
Activity: 28
Merit: 0
August 25, 2014, 11:18:04 AM
#45
Probably the zero fee exchanges earn through the banner ads on the website, I can't see other ways.
legendary
Activity: 2413
Merit: 1003
August 25, 2014, 07:01:18 AM
#44
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
I don't think whatsapp is actually charging "0" to their users as they are pushing advertisements which they are receiving revenue from. The exchanges are not doing this. To say that something like whatsapp is "free" is really misleading.

Whatsapp will start charging fee next year I believe. Now that they have network effect and people are basically stucked with all their contacts using it, they will need to pay fee to continue using it.




they will lose 90% of the users. there are many free alts, like the 20x better Skype
sr. member
Activity: 484
Merit: 250
HubrisOne
August 25, 2014, 04:19:07 AM
#43
Maybe thanks to adviertisements.
too naive  Sad
legendary
Activity: 1067
Merit: 1000
August 25, 2014, 03:16:13 AM
#42
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
I don't think whatsapp is actually charging "0" to their users as they are pushing advertisements which they are receiving revenue from. The exchanges are not doing this. To say that something like whatsapp is "free" is really misleading.

Whatsapp will start charging fee next year I believe. Now that they have network effect and people are basically stucked with all their contacts using it, they will need to pay fee to continue using it.

legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
August 25, 2014, 02:36:46 AM
#41
Build up a user base and then run away with everyone's coins.

Sounds about right, the other way is sponsorships and advertising but that usually comes when a service has a large dedicated userbase or some venture capital funding to back them up in order to attract new users.
That said its always best to be cautious.
hero member
Activity: 588
Merit: 500
August 24, 2014, 11:03:33 PM
#40
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
I don't think whatsapp is actually charging "0" to their users as they are pushing advertisements which they are receiving revenue from. The exchanges are not doing this. To say that something like whatsapp is "free" is really misleading.
legendary
Activity: 2413
Merit: 1003
August 24, 2014, 10:28:05 PM
#39
most reasonable people can draw the conclusion that they are doing something that they should not be doing

only that this doesn't exist in free market.
sr. member
Activity: 476
Merit: 250
August 24, 2014, 09:29:32 PM
#38
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
Whatsapp is an instant messaging tool/app. The costs associated with this are much less then what are associated with running an exchange. I would also not be surprised if there is some level of advertisements when users run this app (I have not personally used it so I don't know one way or another). Exchanges on the other hand do not have ads.

Also once an exchange has market share it will likely lose market share if/when it's prices become uncompetitive as many traders have accounts at many exchanges and it would not be difficult to move from one exchange to another.
full member
Activity: 213
Merit: 100
August 24, 2014, 04:50:55 PM
#37
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.

Whatsapp charge 0 fee to capture market share first. These exchanges are probably doing the same.
hero member
Activity: 588
Merit: 500
August 24, 2014, 02:42:55 PM
#36
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
I really don't think they can make money. They also are not a charity and do not accept donations. I think that most reasonable people can draw the conclusion that they are doing something that they should not be doing as it makes no sense for them to charge 0 fees and still be able to stay in business.
full member
Activity: 153
Merit: 100
August 24, 2014, 10:13:02 AM
#35
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

BTC-China is trying to reverse the trend of losing market share to okcoin.

Don't think customer will head back as okcoin offer more features.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 24, 2014, 10:07:47 AM
#34
It's impossible for an exchange to profit without implementing service fees to the users who use their service. Maybe there are fees, though not transaction fees that we are used to. Withdrawal fees must be present in there. I doubt that it will be feasible for them to continue such a service, unless there are some things going on in the background that most of know nothing about. :O

BTC-China has 0 fees like for a year or so

how they make money then? voting?, alscene is dead voting is pretty much useless now
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