Topic: How do Online Wallets Survive ?? - page 2. (Read 4380 times)
I guess they profit via ads. But xapo and coinbase also have debit cards so maybe they are making money of the fees?
I don't know why you say Coinbase doesn't charge fees when they just raised their fees recently, correct me if im wrong.
Every online wallet ever charges a fee, and they make money from the traffic which may click on advertisements or may buy premium services, it's the standard online business model really.
Every online wallet ever charges a fee, and they make money from the traffic which may click on advertisements or may buy premium services, it's the standard online business model really.
what fees are you talking about?
i am not using coinbase but using google it seems like they use 0.25% just like any other exchange out there. and their main revenue is from exchange fees they receive and all other kinds of fee from deposit/withdrawals of fiat and crypto.
I don't know why you say Coinbase doesn't charge fees when they just raised their fees recently, correct me if im wrong.
Every online wallet ever charges a fee, and they make money from the traffic which may click on advertisements or may buy premium services, it's the standard online business model really.
Every online wallet ever charges a fee, and they make money from the traffic which may click on advertisements or may buy premium services, it's the standard online business model really.
what fees are you talking about?
i am not using coinbase but using google it seems like they use 0.25% just like any other exchange out there. and their main revenue is from exchange fees they receive and all other kinds of fee from deposit/withdrawals of fiat and crypto.
They use a lower fee mostly (I tried some of them before), I, too wonder how they cover that fee. I doubt they are investing the deposits or treating it like a bank but maybe they cover it as a better customer experience and from the profit they get from exchanging USD and BTC.
Well it is now obviously through their script i think they were able to discover those. Same as how bitcoin was discovered so things may be connected. The lower the fees the provide the more people would start using their system
I don't know why you say Coinbase doesn't charge fees when they just raised their fees recently, correct me if im wrong.
Every online wallet ever charges a fee, and they make money from the traffic which may click on advertisements or may buy premium services, it's the standard online business model really.
Every online wallet ever charges a fee, and they make money from the traffic which may click on advertisements or may buy premium services, it's the standard online business model really.
i would say that advertising is their main income but they my also have a subscription with more account options, i dont use them so wouldn't know for sure.
They use a lower fee mostly (I tried some of them before), I, too wonder how they cover that fee. I doubt they are investing the deposits or treating it like a bank but maybe they cover it as a better customer experience and from the profit they get from exchanging USD and BTC.
Blockchain has news as well ads you can see them at home i remember to be there the btcjam last year now its bitbond a loan system, about coinbase i dont know, if they dont sell those space they promote and earn the comission from the people who invest.
There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !
they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from thatIf no fees is charged then the transaction take a much long time or even might get cancelled !
These sites are both wallets and exchangers themselves so from that information, they survive and successful in their business most probably from the earnings they get from selling/buying bitcoins.
They probably doing trading with our coins. haha
There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !
they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from thatIf no fees is charged then the transaction take a much long time or even might get cancelled !
These sites are both wallets and exchangers themselves so from that information, they survive and successful in their business most probably from the earnings they get from selling/buying bitcoins.
There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !
they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from thatIf no fees is charged then the transaction take a much long time or even might get cancelled !
These sites are both wallets and exchangers themselves so from that information, they survive and successful in their business most probably from the earnings they get from selling/buying bitcoins.
That is a good question actually, but it is same like with all faucet websites- they are still alive, thanks to the advertisers, and people
that want to enter in there.
However doing btc wallet that earn only on ads looks hard for me, i mean to have enough users to cover the fees.
Have you ever thought how much user uses these wallet?that want to enter in there.
However doing btc wallet that earn only on ads looks hard for me, i mean to have enough users to cover the fees.
Even a single ads with such a high traffic can gain you enough amount of money.
There are two reason of survival.
1.buying and selling bitcoin have a great profit.
2.the amount of website you used or view ,they are directly earning through it.
1.buying and selling bitcoin have a great profit.
2.the amount of website you used or view ,they are directly earning through it.
That is a good question actually, but it is same like with all faucet websites- they are still alive, thanks to the advertisers, and people
that want to enter in there.
that want to enter in there.
what's in the back of the mind of the properly run operators like coinbase is the prospect of being bought out I expect. that's what vc money dreams about.
a bitcoin company, and bitcoin itself of course, has to work seriously, seriously hard to earn trust. if coinbase ended up with 50-100 million or more users who've spent years with them that adds massive value if someone wants to buy them.
it's not like switching to a new social media site. people often stick with the same bank their whole lives even when they're crappy. the same might go for bitcoin service companies.
I notice too how xapo are still alive as of now how they are paying the fee's for transaction how that site are earnings with their service..
Coinbase in not the same as xapo because coinbase has their own exchange page that you can buy an sell altcoin or bitcoin.
I use xapo before but i having delayed in loging in to receive confirmation its always happenning.
Coinbase in not the same as xapo because coinbase has their own exchange page that you can buy an sell altcoin or bitcoin.
I use xapo before but i having delayed in loging in to receive confirmation its always happenning.
There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !
they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from thatIf no fees is charged then the transaction take a much long time or even might get cancelled !
open up a link to a bitcoin "transaction" and you will see two big pictures at the bottom of the page those are advertisement.
also i have not seen the new version but in the old version of the wallet in your home page of the wallet you could see multiple links to services like gyft on the upper right side of the screen these are also ads.
That is a good question actually, but it is same like with all faucet websites- they are still alive, thanks to the advertisers, and people
that want to enter in there.
However doing btc wallet that earn only on ads looks hard for me, i mean to have enough users to cover the fees.
that want to enter in there.
However doing btc wallet that earn only on ads looks hard for me, i mean to have enough users to cover the fees.
There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !
As it's been said, there are sponsors, premium features or whatever (some sort of advanced service for certain people), and Xapo and Coinbase are an exchange as well as a wallet, so they make money off of people exchanging Bitcoin and USD on their site. Having a wallet there is just a plus, and something to keep people using them.If no fees is charged then the transaction take a much long time or even might get cancelled !
Plus transaction fees are typically pennies, so it doesn't really matter.
There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !
If no fees is charged then the transaction take a much long time or even might get cancelled !
They charge pretty good for people that want to exchange bitcoin there, they have some fees when you deposit money there or when to buy bitcoin and also a fee when you want to withdraw your funds so pretty much their profit is here.
There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ?
If no fees is charged then the transaction take a much long time or even might get cancelled !
they have profits from ads, if a lot of peoples are using it means that a lot of peoples see that ads and they earn good profit from thatIf no fees is charged then the transaction take a much long time or even might get cancelled !
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