How do Online Wallets Survive ?? - page 6.

Madness

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Quote from: AST.teb on March 27, 2016, 10:31:39 AM

Quote from: Madness on March 27, 2016, 10:25:50 AM

Most of them by taking fees or by providing other services (other then storing your bitcoin in their wallet) , Blockchain in the other have ads as you can see when you login . (BTCJam , Purse.io etc ..)

blockchain.info already charge over transc but i think Xapo and coinbase have their profit over their credit cards because those cards and somehow overpriced to use

Are you sure about that ? I mean aren't we supposed to see if they take anything in the transaction ID ? because I never see anything except the usual network fees .

AST.teb

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Quote from: Madness on March 27, 2016, 10:25:50 AM

Most of them by taking fees or by providing other services (other then storing your bitcoin in their wallet) , Blockchain in the other have ads as you can see when you login . (BTCJam , Purse.io etc ..)

blockchain.info already charge over transc but i think Xapo and coinbase have their profit over their credit cards because those cards and somehow overpriced to use

Madness

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My goal is becaming a billionaire.

Most of them by taking fees or by providing other services (other then storing your bitcoin in their wallet) , Blockchain in the other have ads as you can see when you login . (BTCJam , Purse.io etc ..)

iram1011

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Quote from: ABCbits on March 27, 2016, 09:51:01 AM

Wallet such as Xapo and Coinbase can survive because they earn profit from their service such as buy/sell bitcoin instanly, bitcoin debit cards, bitcoin exchange or cold/secure storage.
They offer zero fee for bitcoin transaction to attract customer and also attract them to use their service.

I still prefer decentralized wallet though Roll Eyes

I think that other way to earn is a commission (or a custom price USD / BTC) and some "partnership" with big customers that could start from 0 with btc and these service give a "key on hand" / full to start, packet for who doesn't know anything related to this "world".

Obviously the "navigated" user will prefer a "classic" wallet Wink

ABCbits

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Crypto Swap Exchange

Wallet such as Xapo and Coinbase can survive because they earn profit from their service such as buy/sell bitcoin instanly, bitcoin debit cards, bitcoin exchange or cold/secure storage.
They offer zero fee for bitcoin transaction to attract customer and also attract them to use their service.

I still prefer decentralized wallet though Roll Eyes

Wendigo

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Well Xapo charges a 1% fee every time you buy Bitcoins and also the processing fees may depend on the payment method. Coinbase on the other hand charges 1% when you convert from Bitcoin to your local currency and vice versa. And for example Coinkite has advanced wallets targeted to businessmen and merchants that offer more features than the free basic wallets. In general every online wallet has a fee system and also charges more for upgraded plans if you need more flexibility for your business.

BitcoinHodler

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HODLing is an art, not just a word...

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.

unamis76

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Maybe they profit on ads? Or paid services...

apoorvlathey

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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 !

Topic: How do Online Wallets Survive ?? - page 6. (Read 4380 times)