This exchange charge 0 transaction fee

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: danherbias07 on May 02, 2018, 12:57:44 PM

Quote from: ABCC_Exchange on May 02, 2018, 06:13:12 AM

Quote from: mk4 on May 02, 2018, 01:27:29 AM

Quote from: SFR10 on May 02, 2018, 01:09:06 AM

Regardless of having a trading fee of "0", the withdrawal fee seems to be way too high (ex. for BTC is 0.008 [am I missing something?])
- Source

YIKES. No wonder. Looks like the BTC withdrawal fees are like 5x the fees of most exchanges.

Even higher than the fees of Binance. A BTC0.008 withdrawal fee is around $72 today. Hell no.

Thanks for spotting it.
It is a mistake from our side. It is actually 0.0008 instead of 0.008BTC which has been updated on our website (https://help.abcc.com/hc/en-us/articles/360002320471-Fees)
Sorry for the inconvenience.

Thank God it was cleared. I though this thread is going to be bombarded by different hates. Grin

Next time you cannot make such errors like this. Every zero count in the BTC fees is very important. We dont really know if you did it by mistake or for not a good reason.

You might want to look if there are people who have withdrawn from the time span that you did the error and now and better give it back fast before they do some more damages.

Would really bombarded with negative words for sure due to that very insane withdrawal fee.Good thing that they make adjustments which is considerable 0.0008 is more than on 0.0005 on polo but much better compared on c-cex when i tried to see the withdrawal is still on 0.002 which is ridiculous amounting on $18 as of current rate. I did make such awareness about the fees but SFR did already mentioned it.
0% transaction fee really caught my attention and wondering on how long would this thing last?

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: ABCC_Exchange on May 02, 2018, 06:13:12 AM

Quote from: mk4 on May 02, 2018, 01:27:29 AM

Quote from: SFR10 on May 02, 2018, 01:09:06 AM

Regardless of having a trading fee of "0", the withdrawal fee seems to be way too high (ex. for BTC is 0.008 [am I missing something?])
- Source

YIKES. No wonder. Looks like the BTC withdrawal fees are like 5x the fees of most exchanges.

Even higher than the fees of Binance. A BTC0.008 withdrawal fee is around $72 today. Hell no.

Thanks for spotting it.
It is a mistake from our side. It is actually 0.0008 instead of 0.008BTC which has been updated on our website (https://help.abcc.com/hc/en-us/articles/360002320471-Fees)
Sorry for the inconvenience.

Thank God it was cleared. I though this thread is going to be bombarded by different hates. Grin

Next time you cannot make such errors like this. Every zero count in the BTC fees is very important. We dont really know if you did it by mistake or for not a good reason.

You might want to look if there are people who have withdrawn from the time span that you did the error and now and better give it back fast before they do some more damages.

r1s2g3

sr. member

Activity: 742

Merit: 395

I am alive but in hibernation.

They look sure shot scam.
1. They do not know difference between trading and transaction fees.
2. Doing typo of ".008BTC" when they need to write ".0008BTC".

Jaycee99

sr. member

Activity: 1036

Merit: 273

Well for me thatch friend I would call it a possible scam you import your wallet address or any kind of ways to get to your mainframe like using your email or something using 0 transaction just to get people like phishing site that can ham the internet. So Again if those kinds of things ever happend again YOU SHOULD THINK AGAIN WITH THAT ISSUE of yours here in our hometown.

ABCC_Exchange

newbie

Activity: 6

Merit: 0

Quote from: mk4 on May 02, 2018, 01:27:29 AM

Quote from: SFR10 on May 02, 2018, 01:09:06 AM

Regardless of having a trading fee of "0", the withdrawal fee seems to be way too high (ex. for BTC is 0.008 [am I missing something?])
- Source

YIKES. No wonder. Looks like the BTC withdrawal fees are like 5x the fees of most exchanges.

https://i.imgur.com/V7kKxYU.png

Even higher than the fees of Binance. A BTC0.008 withdrawal fee is around $72 today. Hell no.

Thanks for spotting it.
It is a mistake from our side. It is actually 0.0008 instead of 0.008BTC which has been updated on our website (https://help.abcc.com/hc/en-us/articles/360002320471-Fees)
Sorry for the inconvenience.

ABCC_Exchange

newbie

Activity: 6

Merit: 0

Quote from: Pursuer on May 02, 2018, 04:16:32 AM

Quote from: ABCC_Exchange on May 01, 2018, 07:27:53 AM

AlphaBit Cryptocurrency Exchange (ABCC), the first zero-transaction-fee cryptocurrency exchange, is now live.

it definitely is not the first. there have been at least a couple dozen other exchanges with 0 fees. need I remind you of Chinese exchanges that were recently closed?

Quote

We promise zero transaction fee for any transactions.

transaction fees are not the same as trading fees.
your trading fees seems to be zero not transaction fees as the other posters with screenshot pointed out it costs 0.008BTC to withdraw bitcoin for example.

May I respond to your doubt? First of all, we are a Singapored based exchange. Secondly, we don't charge any fee for any tokens. 0.0008BTC (correcting 0.008BTC) is the fee for withdrawal, that we pay for the miners.

lelahkenabanned

member

Activity: 329

Merit: 10

thank you for telling all the people who are here in my opinion this is very good information because for now where the exchange that does not require fee is still rare and hard to find.

NeverSop

member

Activity: 518

Merit: 11

HODL

That's very wonderful. This is good news for all investors. Zero transaction fees attract investors to the market.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: ABCC_Exchange on May 01, 2018, 07:27:53 AM

AlphaBit Cryptocurrency Exchange (ABCC), the first zero-transaction-fee cryptocurrency exchange, is now live.

it definitely is not the first. there have been at least a couple dozen other exchanges with 0 fees. need I remind you of Chinese exchanges that were recently closed?

Quote

We promise zero transaction fee for any transactions.

transaction fees are not the same as trading fees.
your trading fees seems to be zero not transaction fees as the other posters with screenshot pointed out it costs 0.008BTC to withdraw bitcoin for example.

my suggestion is that if you want to be taken seriously then start a proper announcement topic introducing your service instead of creating a shady topic like this where we are not sure if you are the owner or a random dude who stumbled upon this random exchange.
here is the board to do it: https://bitcointalk.org/index.php?board=84.0

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: mk4 on May 02, 2018, 01:27:29 AM

Even higher than the fees of Binance. A BTC0.008 withdrawal fee is around $72 today. Hell no.

This wouldn't be the type of exchange you'd use to turn your Doge into BTC to buy that nice gnome you like, this would be for trading nutters who want to do hundreds or thousands of trades per year.

In that case this would save them a vast amount of money. That said the biggest zero fee exchanges in China turned out to be playing around with customer funds in weird investment schemes so it's not an obviously sustainable business model.

veejay2716

newbie

Activity: 210

Merit: 0

Quote from: ABCC_Exchange on May 01, 2018, 07:27:53 AM

AlphaBit Cryptocurrency Exchange (ABCC), the first zero-transaction-fee cryptocurrency exchange, is now live. ABCC was launched by Singaporean entrepreneur Calvin Cheng. Cheng is a former member of parliament in Singapore. He’s also known for launching online learning platforms like Retech on the Australian Stock Exchange in 2017.

Is it really free?

We promise zero transaction fee for any transactions. Typically, on a cryptocurrency exchange, you’ll pay a trading fee when making or taking a trade. The fee ranges from 0.1% to 0.5%. On ABCC, meanwhile, traders will pay no fees.

What's available?

Since the launch date, the first few tokens available are BTC_USDT, ETH_BTC, LTH_BTC, LTC_ETH. We will also continue enlisting the selective ICOs and keep you updated on Twitter (@ABCC_Exchange)

Register now on abcc.com or join ABCC Telegram group for the upcoming bounty campaigns!

That is great and would be very helpful to all traders but could you please provide more informations for us so that we could really attract in your exchanger.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: omonuyak on May 02, 2018, 01:02:44 AM

This is a good development and it is a prove that things are going to get better in the future with cryptocurrencies. An exchange not charging fees will actually attract a lot of investors into the market and many people are going to desire to used such exchange. I believe this is a good strategy.

LOL. As a trader I will be a bit skeptical about it. I suspected that if there are no fees are being implemented, there might be a possibility of market manipulation. To refresh everyone here, last year PBoC scrutinized Chinese local exchanges whose not charging a fee to used and trade on their platform. Later on it was found out that they are doing some manipulation through fake volumes and other shady activity from behind. So I advise everyone to be very careful and vigilant.

rumexx

full member

Activity: 476

Merit: 100

This is awesome and very great news to traders. But how will there survive doing their business? Zero (0) commission is just out of this world to believe.
Transaction fees has been a soured story told by various traders lately. The traders can as well register with this exchange for maximum profit.

kaizerblitz

full member

Activity: 504

Merit: 105

That's a strategy of that company i think it's well influence other to deposit their coin or token in their exchanger. Maybe this exchanger put morw effort to their security it is awareness happening of hacking in cryptocurrency.

aervin11

full member

Activity: 602

Merit: 103

If the exchange offer Zero fees for billions of dollars that could circulate in it, how could it sustain the security and the possible security breach that would happen in the future. Not to mention, customer service is also important and that was one of the key factors that most of the exchanges didnt have now. Hope this would not end up like Mt.Gox

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: SFR10 on May 02, 2018, 01:09:06 AM

Regardless of having a trading fee of "0", the withdrawal fee seems to be way too high (ex. for BTC is 0.008 [am I missing something?])
- Source

YIKES. No wonder. Looks like the BTC withdrawal fees are like 5x the fees of most exchanges.

Even higher than the fees of Binance. A BTC0.008 withdrawal fee is around $72 today. Hell no.

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Regardless of having a trading fee of "0", the withdrawal fee seems to be way too high (ex. for BTC is 0.008 [am I missing something?])
- Source

omonuyak

sr. member

Activity: 882

Merit: 269

This is a good development and it is a prove that things are going to get better in the future with cryptocurrencies. An exchange not charging fees will actually attract a lot of investors into the market and many people are going to desire to used such exchange. I believe this is a good strategy.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Until when will the trading be free? Also, how does the website monetize then? Though ads only? I need some stuff to be cleared up before I actually try out the exchange. "We promise zero transaction fee for any transactions" actually makes me skeptical.

ABCC_Exchange

newbie

Activity: 6

Merit: 0

Hello, You are correct on our website and company's name. We didn't have any ICO projects, and don't have plan to do it.

We encourage all the traders to try and use our platform for free trade. We will have a campaign starting 15th May. Users can receive up to 0.1% daily transactions as their rewards (max. daily transaction fee counted for rewards is 10BTC) The detailed terms and conditions will be released soon. Stay tuned with us.

Thanks!

Topic: This exchange charge 0 transaction fee (Read 234 times)