Topic: How do Online Wallets Survive ?? - page 3. (Read 4380 times)
Obviously as a xapo user i think they only holds bitcoin and do not exchange bitcoin to fiat so you will surely be not going to lose money at all because you are just holding an amount of bitcoins, even if the price is not stable.
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 that If no fees is charged then the transaction take a much long time or even might get cancelled !
XAPO and Coinbase may earn from the Debitcards that they provide to customers in the form of debit card fees. I haven't seen ads on their websites, so I doubt they earn from ads. Also, maybe they may temporarily invest the funds we add to their wallets, just like banks do and earn from these.
They probably use your coins, convert to fiat and involved in legitimate investments?
No I don't think they operate similarly to banks mate
Some of the Bitcoin wallets offer premium features which are paid and other have sponsors who are paying the wallet sites to display advertisements. And they can also charge fees when converting and withdrawing Bitcoins from your account mostly on the Bitcoin exchanges. Their business must be profitable otherwise they wouldn't have been operating at a loss for so long.Most features like buying and selling to make fiat is only available countries, so you can’t really take advantage of such features. Also it’s better to use well known wallets, the blockchain wallet is really good though there are fees when transactions are made.
They probably use your coins, convert to fiat and involved in legitimate investments?
No I don't think they operate similarly to banks mate
Some of the Bitcoin wallets offer premium features which are paid and other have sponsors who are paying the wallet sites to display advertisements. And they can also charge fees when converting and withdrawing Bitcoins from your account mostly on the Bitcoin exchanges. Their business must be profitable otherwise they wouldn't have been operating at a loss for so long.I sometimes wonder if the full time staff from Xapos are drawing their salary in fiat or bitcoins. If it is the latter, it is kind of an unstable lifestyle, don't you think?
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 !
I'm sure bitcoin online wallet are is not small company,they have good marketing plan and have great profit management,i think they earn profit from transaction fee,not witdraw fee,its why they have bitcoin exchange and market,and also they join with some others company to advertise and promotion.If no fees is charged then the transaction take a much long time or even might get cancelled !
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 !
I'm sure bitcoin online wallet are is not small company,they have good marketing plan and have great profit management,i think they earn profit from transaction fee,not witdraw fee,its why they have bitcoin exchange and market,and also they join with some others company to advertise and promotion. If no fees is charged then the transaction take a much long time or even might get cancelled !
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 make a profit from buying and selling Bitcoin like coins.ph I think there is much bigger doing this instead of offering high fee and with so many people selling and buying bitcoin in their network imagine their huge profit.. If no fees is charged then the transaction take a much long time or even might get cancelled !
They probably use your coins, convert to fiat and involved in legitimate investments?
No I don't think they operate similarly to banks mate
Some of the Bitcoin wallets offer premium features which are paid and other have sponsors who are paying the wallet sites to display advertisements. And they can also charge fees when converting and withdrawing Bitcoins from your account mostly on the Bitcoin exchanges. Their business must be profitable otherwise they wouldn't have been operating at a loss for so long.
Indeed the blockchain is as a example doing it with advertisements and I think they will earn a pretty nice amount because a lot of people are using the blockchain wallet.
They probably use your coins, convert to fiat and involved in legitimate investments?
that is what banks do with fiat, it is different with a bitcoin wallet especially wallets like blockchain.info that they have no access to your coins.
although some other wallets like coinbase or xapo which have this access may do this but since coinbase is also an exchanger (with fees) they are also a business themselves.
only by advertisement
a wallet like blockchain.info has two big ads on the bottom of the searches. and also a lot of small ads linking to sites like purse.io in the wallet page.
Yea, I just noticed the ads. I think that's how they make profit. a wallet like blockchain.info has two big ads on the bottom of the searches. and also a lot of small ads linking to sites like purse.io in the wallet page.
They probably use your coins, convert to fiat and involved in legitimate investments?
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 !
I think they survive cause the gain profit in buying and selling bitcoins. and The ads and capatchas in their site make them survive through out the bitcoin wallet list If no fees is charged then the transaction take a much long time or even might get cancelled !
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 !
Maybe they have some kind of agreement or MOU with companies like blockchain. For xapo I think they get benefit from advertising and Coinbase they get benefit from exchange fees. thank you
Can't speak for others but at HaoBTC, about 90% of the revenue comes from mining; 10% from trading. One advantage is that we are based in China; compared with US and Europe, labour cost is considerably lower so the pressure to turn a profit is lower too
I believe, they earn their profit from the paid service. Because Bitcoin transaction suppose to have a low fee, so they won't higher the fee because the customer won't like it.
Too many reasons why online wallets still survives for a long period of time.One of the reasons why is because of their domain,its security isproctected,protected from DDOS attack files theif and others.And they have good security checkers and good developers who is professional.One more thing is their site is nit vulnurable for any hacking cause of security
Ads and fees.
Blockchain.info has two relatively large advertisements at the bottom of their page, which based on the traffic of the site, will earn them a hefty sum.
Coinbase and xapo charge fiat-btc fees. Lots of people buy/sell with them for the sake of simplicity.
yeah blockchain gets income from advertisement and course fees as well. Coinbase have a business selling / buying bitcoin they earn a living from it Blockchain.info has two relatively large advertisements at the bottom of their page, which based on the traffic of the site, will earn them a hefty sum.
Coinbase and xapo charge fiat-btc fees. Lots of people buy/sell with them for the sake of simplicity.
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 !
Both Xapo and Coinbase are not just online wallets (which cover the transaction fee), they also have the exchange section on their website, so coinbase charge 1% on exchange. Xapo has their own bitcoin debit card and they also charge fees to use their card.
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