Topic: How profitable are exchanges? - page 4. (Read 15755 times)
cryptsy.com is on cryptostocks and paying dividends regularly. you can see what ROI numbers they are having.
now bittrex is one of the most profitable
some btcs a day
around 50 btcs month
highly profitable I think
some btcs a day
around 50 btcs month
highly profitable I think
Think of it like this. You make a small exchange, get 1 BTC transacted within a day with .5% fee, $30. Now 10 BTC, $30. 100 BTC, $300.
What if you were to transact over 5K BTC a day? That would make you $15K a day running an exchange site. Big sites like bitstamp would make even more than that.
What if you were to transact over 5K BTC a day? That would make you $15K a day running an exchange site. Big sites like bitstamp would make even more than that.
Extremely profitable , I used to do small exchanges with a group of friends with anyone we could find. (:
They have high costs and low margins so they may not be all that profitable, remember mtgox...
they are surely less profitable now, but usually they are the most profitable thing, between fee/voting and other stuff, they earn lots of btc per day, but you need a good employers with security internet study ecc....
I think that the altcoin exchanges likely make a lot of money from coin voting "fees"....I really think that is almost a genius idea to have people "vote" to have additional coins supported on their exchanges with their money. I would think that it usually costs next to nothing to have an additional coin supported by the exchange and the exchange could protect themselves by mandating that a higher number of confirms is needed for coins that are less secure.
Extremely profitable , I used to do small exchanges with a group of friends with anyone we could find. (:
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
I don't think this so much has to do with the profitability of the exchanges but rather the amount of coins stored on these types of exchanges. I think a lot of people like to trade altcoins in a "day trading" fashion and as a result keep their coins on the exchanges. This results there being more coins on the exchange then there really should be. Still, even if only a 1/3 or so of the coins normally stored on an exchange would be there, they still would be "hacked" and it would still be profitable enough for those guys to run the "Long-cons".
Yes, because most exchanges that get "hacked" are experiencing falling levels of trading activity right before.
Conspiracy: Mintpal was hacked, they got the BTC + were able to sell it and the buyer covered the losses. Nice job, eh? ^^
It was more of a joke, yes. Still many exchanges think they can get away with stealing and then closing shop. and most, sadly, do
IT amazing how much money company's and business's make off fees and exchanges. Like paypal and ebay make tons of money from fees just imagine 100k people giving .50$ to paypal that adds up. Just like bitcoin just the inflation rate and the money from fees just add up. It's a big business.
they claimed to have processed 100 million USD in payments last year. Somewhere in their website they should say what their fee is. It should amount to a couple million USD of revenue, at most. Not much for a company that has to pay maybe 10 employees at 50'000 USD/year or more.Does anyone know how much payment they (and/or Coinbase) have processed this year?
IT amazing how much money company's and business's make off fees and exchanges. Like paypal and ebay make tons of money from fees just imagine 100k people giving .50$ to paypal that adds up. Just like bitcoin just the inflation rate and the money from fees just add up. It's a big business.
they are surely less profitable now, but usually they are the most profitable thing, between fee/voting and other stuff, they earn lots of btc per day, but you need a good employers with security internet study ecc....
The exchanges are profitable if your lucky or are able to determine a good buy and sell signal on an altcoin.
Anyways coinmarketcap shows the general liquidity if it wasn't mentioned yet.
And mintpal got bought out lol.
Anyways coinmarketcap shows the general liquidity if it wasn't mentioned yet.
And mintpal got bought out lol.
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
I don't think this so much has to do with the profitability of the exchanges but rather the amount of coins stored on these types of exchanges. I think a lot of people like to trade altcoins in a "day trading" fashion and as a result keep their coins on the exchanges. This results there being more coins on the exchange then there really should be. Still, even if only a 1/3 or so of the coins normally stored on an exchange would be there, they still would be "hacked" and it would still be profitable enough for those guys to run the "Long-cons".
Yes, because most exchanges that get "hacked" are experiencing falling levels of trading activity right before.
Conspiracy: Mintpal was hacked, they got the BTC + were able to sell it and the buyer covered the losses. Nice job, eh? ^^
Poloniex was hacked and I believe everyone was paid back in full later.
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
many bitcoin exchange also like to do this. 
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
I don't think this so much has to do with the profitability of the exchanges but rather the amount of coins stored on these types of exchanges. I think a lot of people like to trade altcoins in a "day trading" fashion and as a result keep their coins on the exchanges. This results there being more coins on the exchange then there really should be. Still, even if only a 1/3 or so of the coins normally stored on an exchange would be there, they still would be "hacked" and it would still be profitable enough for those guys to run the "Long-cons".
Yes, because most exchanges that get "hacked" are experiencing falling levels of trading activity right before.
Conspiracy: Mintpal was hacked, they got the BTC + were able to sell it and the buyer covered the losses. Nice job, eh? ^^
It was more of a joke, yes. Still many exchanges think they can get away with stealing and then closing shop. and most, sadly, do
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
I don't think this so much has to do with the profitability of the exchanges but rather the amount of coins stored on these types of exchanges. I think a lot of people like to trade altcoins in a "day trading" fashion and as a result keep their coins on the exchanges. This results there being more coins on the exchange then there really should be. Still, even if only a 1/3 or so of the coins normally stored on an exchange would be there, they still would be "hacked" and it would still be profitable enough for those guys to run the "Long-cons".
Yes, because most exchanges that get "hacked" are experiencing falling levels of trading activity right before.
Conspiracy: Mintpal was hacked, they got the BTC + were able to sell it and the buyer covered the losses. Nice job, eh? ^^
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
I don't think this so much has to do with the profitability of the exchanges but rather the amount of coins stored on these types of exchanges. I think a lot of people like to trade altcoins in a "day trading" fashion and as a result keep their coins on the exchanges. This results there being more coins on the exchange then there really should be. Still, even if only a 1/3 or so of the coins normally stored on an exchange would be there, they still would be "hacked" and it would still be profitable enough for those guys to run the "Long-cons".
Yes, because most exchanges that get "hacked" are experiencing falling levels of trading activity right before.
Conspiracy: Mintpal was hacked, they got the BTC + were able to sell it and the buyer covered the losses. Nice job, eh? ^^
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
I don't think this so much has to do with the profitability of the exchanges but rather the amount of coins stored on these types of exchanges. I think a lot of people like to trade altcoins in a "day trading" fashion and as a result keep their coins on the exchanges. This results there being more coins on the exchange then there really should be. Still, even if only a 1/3 or so of the coins normally stored on an exchange would be there, they still would be "hacked" and it would still be profitable enough for those guys to run the "Long-cons".
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
The reason why most veteran users do not store coin on exchange. And there should be a no tolerance policy on "hacked" exchange.
Right now there is more like a "No hassle" policy. If someone gets hacked, the reaction is: "Shit happens, lets move on".
Do you guys remember inputs.io ??
NOTHING happend to the guy. And it was crystal clear that he stole those 4000 BTC + ~10000 BTC himself!
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
The reason why most veteran users do not store coin on exchange. And there should be a no tolerance policy on "hacked" exchange.
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
I don't think this so much has to do with the profitability of the exchanges but rather the amount of coins stored on these types of exchanges. I think a lot of people like to trade altcoins in a "day trading" fashion and as a result keep their coins on the exchanges. This results there being more coins on the exchange then there really should be. Still, even if only a 1/3 or so of the coins normally stored on an exchange would be there, they still would be "hacked" and it would still be profitable enough for those guys to run the "Long-cons".
Jump to: