Topic: In case you care about 0% trading fees (Read 580 times)

A bit off topic:
we have launched probably the first in the world USDT/EUR (fiat!) market followed by the BTC/USDT and ETH/USDT.

read my post above. It makes sense  - no worries.

no, you won't be able to. You'll get a duplicated account warning based on your KYC data. Remember, the incentive is activated after KYC is passed. Of course, you can try to bypass this with a relitive's or friend's account, but you will end up caught and terminated (it is agains the rules) or simply run out of... friends.

Binance is actually increasing their referral commissions and it also makes perfect sense when there are not many new traders to attract to Binance. Anyway, we, of course, may change these incentives, but I see no benefit of doing that if it works.

Yes, it is. Mostly ran by me.

Free fees for a month is basically nothing compared to the CPA price (cost per acquisition). We simply invest those fees to be more attractive so that user could decide easier on whether to try Bitlocus out or not.

As I've mentioned before, when you know the numbers all of this makes perfect sense.

This option is suitable for those who trade too often with large sums of money. I think for them 9 euros per month is not such a big fee for commission-free trading. But if we are talking about those who make transactions quite rarely, then for such customers you need to develop another commercial offer. I think you should have a few commercial offers for traders depending on how often they make trades.

That 0% trading fees will not last that I am sure of, no company will survive with that kind of marketing. Someone will take advantage of this but in this case I am not sure if its the traders or the owners. After taking the 30 days 0% trading fee, someone might create a new account to get the 0% trading fee again. Just look at Binance, they have a referral program that resulted to a lot of sign ups but eventually they changed the rules and lowered down the incentives. Here is the official thread of Bitlocus https://bitcointalk.org/index.php?topic=5153420.5

I am not professional on checking off a site if that is a legit or just a scam, but if you have a 0% trading fees then that's too impossible, or maybe you are too rich enough to give those free fees. However, it really looks great and can really attract most traders here especially to those who don't want a big amount of fees.

many market exchanges that only provide 0% trading fee only in crypto pairs, very rarely they provide that 0% trading fee in fiat pairs.
but, really cool, (your exchange) bitlocus gives 0% trading fee to on all pairs even though this promotion only 30 days after successfully doing kyc (tier 2). I have no problem with trading fees, as long as I can make a profit. OK.

hello there , I think you know enough about the current market situation, no wonder trading 0% fee is your choice to make a promo.
but, if I'm allowed to criticize , can u change ur Logo of your exchange ? its quite similliar like a ICO website i knew,
this your logo :


and this other logo with similar concept






I do not know what the meaning behind the hexagon symbol is, but it is like a common symbol to me. nothing special.

You have a nice offer OP however people are just being cautious and conscious of what they do, they don’t get easily attracted to tempting offers. But these Negative comments can make good impact if the projects intention is good, also will motivate the team to do better. Goodluck.

We will. The problem is that most of the current marketing methods(airdrops, trading competitions, etc), tmm, bring no real value and the clients that are attracted this way leave as soon as the promo is over. But I'll have to test it to make sure.


We'll more pairs soon. Currently we are launching USDT (erc20) pairs (USDT/EUR seems to be the first in the world; correct me if I'm wrong), then we'll add PAX and DAI variations amongst stable as well as crypto. I hope such trading pairs will bring value themselves and will gain us users. Top cryptos will also come (BCH, XLM being the first ones to come).
BTW, if you have any suggestions on what pairs to list, let me know.

Basically, you are doing right - trust no one, make your own decisions. Only time will tell if we are a scam or not. Whatever I say is useless right now and I get it. But it makes me sad a bit to be basically called a criminal just because we have launched a crypto exchange.  KYC is smth that must be done if you want to deal with fiat. Regulations will come and will hit crypto as well. That's our bet and that's why we are doing our business in compliant way to. Even crypto/crypto exchanges started to KYC. Regulation is coming. Just like the winter

A few months ago. And your concerns are totally right and... nothing new, tbh. Also, this makes me happy, 'cause more and more of the crypto community become aware of the dangers that crypto brings. That's good for the ecosystem.

This is sustainable when you know the numbers. We have put so much effort and investments to make money, not lose it.

There are two promotions and I'm not sure you get them right:
1. 30-days of free trading to each new client. It is activated right after your identity is confirmed. It happens once per account. I think this promotion will stay forever but don't quote me on that.
2. "Zero trading fee" is not free. It costs 9 EUR/mo. And you have to make your own calculations and decision based on your volume.
3. In case #2 option does not interest you, we have default fee upgrades based on your 30-day volume. https://bitlocus.freshdesk.com/support/solutions/articles/43000009823-trading-and-payment-fees

Fingers crossed

Sounds new exchange for me. To talk about trading fees, that's literally a big difference of course not all of us are taking the fees seriously but in every small amount of it fees really matters and if we are going to buy and sell at the same price we still notice how much the fees are we paying for. This is a good offer. Maybe this is the new kind of system that will click in the market.

Exchanges that op say are still not very familiar and I better not take the risk by investing or putting funds in an unclear exchange. the risk is that our money is in full control of the exchange voters and we certainly do not want that to happen and harm us. but if you believe it, please. usually new exchanges often provide promos to attract the attention of traders

There is no free stuffs in this world actually. Sometimes we pay with money and sometimes we are forced to pay with our other important things like time and health.

In this case, you are forced to pay with your identity and it's your decision whether to take or just leave it.

I can see why traders would high volume would appreciate such a fee structure where they're only charged a fixed fee.

However, can I know how you guys plan on making this sustainable, or is this just a ploy to get customers initially? Because the idea behind most exchanges is that as their volumes rise, they'll gain more commission earnings somewhat proportional to the volume they generate.

However, with you guys, it's kind of different because higher tier traders will likely just buy your 9EUR subscription instead. What's your profit model in the long run? Also, how do you plan on attracting these whales in the first place with low liquidity?

I really like the 0% trading fees policy, but it's worth watching out for. It could be a web scam, because I used to trade on a website that has a 0% trading fees policy, so that my account suddenly can't be opened even though the assets there pretty much around 200 $ therefore don't easily trust a website like that, I started to switch to binance because trading fees there are very cheap. but thanks for your sharing brother.

I haven't heard yet about Bitlocus! When Bitlocus has launched? No one like a new exchange because everyone wants security. Because of many scam/pishing website now no one wants to move into a new exchange website. I won't trade in Bitlocus though there has no trading fee, because security is most important than a trading fee.

Their promotion is a good one but I also think the same way nobody would take their offer seriously right now,
A new trading site that I have never heard of I don't even know if somebody would really trust their system passing their KYC or submitting a personal information to unknown site just to get their zero percent trading fee?
Or paying up 9 EUR / month? I don't really see it as a 0% the only people who would try it is the daily trader with a huge amount to trade but those trader would only use the famous site .

You do got the point which I would prefer on the same thing.Entrusting new services is somewhat still a hindrance due to scams.We have seen some situations
where they do hold up depositors fund and  become scam later on.

So with these kind of situations its always better to put up the minimal amount for you to trade until the platform do get sufficient support and positive feedback.
We cant say all new services are scams but its better to be careful than sorry in the end.

They have trading sites who are more trusted and have a good fee or low fee offer for every trade you made in their site.
also hard to trust to the new trading sites now because I encountered before I trade to nee trading site and they scam me or I did not withdraw my money so I will choose the site that I know who operate more than years now and have a lot of good feedback with low fees offer.

Your marketing promotion requires more fund to the product introduction section (site), your site is not among the top exchanges. There are already a number of exchanges that offer a 0% trading fee promotion, a good step is "zero trading fee service 9 euros / month" for full-time traders who are often in the spot book. It's just that you don't add the altcoin / btc pair, the service you provide is aimed at users of daily and full traders