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Topic: Trade sites that do not fee? (Read 3410 times)

sr. member
Activity: 714
Merit: 252
April 12, 2017, 11:10:37 PM
#69
Im big fan of trading platforms. I have experienced, used, registered on various trading platforms but I have not seen a single website not taking charges from you. Moreover, if someone do really tells you that there are websites which do not take fees then probably that one is fake and scam. For a website to run smoothly it carries lot of charges, hosting, cloud backups, site maintenance, so I don't think there will be any website providing you free of charge services. On top of this there might be platforms which will tell you they don't take fees, but they will get some commission from your earnings for sure. So nada, no site like that. :-)
hero member
Activity: 966
Merit: 552
April 12, 2017, 10:59:45 PM
#68
There are not sites that do not fees transaction because the website is needs money to run the website,
the exchangers has cost must be paid every months.
 And it is had by all of exchangers in the world, they need money too as profit and for pay the bill
so there are not something like that.
full member
Activity: 252
Merit: 100
April 12, 2017, 10:52:29 PM
#67
if not wrong this time china commerce sites do not charge a transaction fee, and now I just heard the news that china sites charge a transaction fee.

where the sites that do not use the transaction costs?
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
April 12, 2017, 10:37:17 PM
#66
It is impossible to have a trading sites that do not charge a fee in doing transactions like buy and sell and also in doing withdrawals. Fees in trading site is one of the things that make the sites strong, because fees serves as an income to them which they use it to maintain the site and use it as a fund in doing other type of progress in their site like improving their site or having a new feature. Fees is always required and it's impossible to have a site that does not charge.

Impossible? No it is not, If I remember it correctly there is an exchange site from Indonesia named vip.bitcoin.co.id that does not charge any fees on trading btc to altcoins vice versa but they only charges fees on btc-fiat trades. The bad thing is that there is only few altcoins available on the markets (less than 10alts) and of course the rate is lower than other trading sites like bittrex/poloniex.
The fees at every transaction are needed to pay up the costs of trades execution, servers costs, and to pay salaries to cryptocurrency exchange team.
Exchange without fees would have to pay for their customers to give them an option of selling and buying different cryptos. Good samaritans like that does not exist.

Every single company has to generate profit, to be working.
If it is not giving profits but losses, there are two ways- change the weak parts in the business plan, or just give up and slowly bankrupt.
You cannot expect getting something for free, you need to get used to paying fees: both for blockchain transactions, and exchange operations.
Yes fees are required and they are being use to pay the expenses of the sites like the maintenance, server, and the salary of the moderators,admins and the other part of their team that maintaining the site very well. Almost all the kind of things in world not just by sites are paid by money and we can't deny that because those free things are very rare now.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
April 12, 2017, 10:49:38 AM
#65

I don't think that now any site exchange is exists which is not charging for the fee , actually it is a good thing for the traders at that exchange Because handle a site is really a costly thing for the own .
Especially to keep the security of these exchange sites. It cost a lot of the money to keep the exchange sites are safe from any criminal activities.
Second thing here I will advice that never withdraw your bitcoin in small small amount always make withdraw monthly in bulk , so that you can't face problem of paying charge that costs for you to loss 2-3$ monthly .
This time the reliable fees are unpredictable, it seems the fees is really high for the transaction below $10.
The micro traders shouldn't withdraw his money earlier. Use the little fees will actually put the transaction on the queue with unlimited time.

thanks for elaborating those information its really helpful especially for those newcomers it will help them to realize the importance of those things especially with OP's question transaction fee is really needed by the exchange owners not only to pay the services but also to secure their business and also to earn some percentage coming from the transactions.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
April 12, 2017, 10:39:33 AM
#64

I don't think that now any site exchange is exists which is not charging for the fee , actually it is a good thing for the traders at that exchange Because handle a site is really a costly thing for the own .
Especially to keep the security of these exchange sites. It cost a lot of the money to keep the exchange sites are safe from any criminal activities.
Second thing here I will advice that never withdraw your bitcoin in small small amount always make withdraw monthly in bulk , so that you can't face problem of paying charge that costs for you to loss 2-3$ monthly .
This time the reliable fees are unpredictable, it seems the fees is really high for the transaction below $10.
The micro traders shouldn't withdraw his money earlier. Use the little fees will actually put the transaction on the queue with unlimited time.
hero member
Activity: 644
Merit: 501
April 12, 2017, 09:54:15 AM
#63
It is impossible to have a trading sites that do not charge a fee in doing transactions like buy and sell and also in doing withdrawals. Fees in trading site is one of the things that make the sites strong, because fees serves as an income to them which they use it to maintain the site and use it as a fund in doing other type of progress in their site like improving their site or having a new feature. Fees is always required and it's impossible to have a site that does not charge.

Impossible? No it is not, If I remember it correctly there is an exchange site from Indonesia named vip.bitcoin.co.id that does not charge any fees on trading btc to altcoins vice versa but they only charges fees on btc-fiat trades. The bad thing is that there is only few altcoins available on the markets (less than 10alts) and of course the rate is lower than other trading sites like bittrex/poloniex.
The fees at every transaction are needed to pay up the costs of trades execution, servers costs, and to pay salaries to cryptocurrency exchange team.
Exchange without fees would have to pay for their customers to give them an option of selling and buying different cryptos. Good samaritans like that does not exist.

Every single company has to generate profit, to be working.
If it is not giving profits but losses, there are two ways- change the weak parts in the business plan, or just give up and slowly bankrupt.
You cannot expect getting something for free, you need to get used to paying fees: both for blockchain transactions, and exchange operations.
hero member
Activity: 882
Merit: 500
April 12, 2017, 05:52:59 AM
#62
As far as I know, Chinese trading sites did not charge a transaction fee. They have recently begun to charge transaction fees.
Are there any trade sites that do not charge a transaction fee?
I don't think that now any site exchange is exists which is not charging for the fee , actually it is a good thing for the traders at that exchange Because handle a site is really a costly thing for the own .
Second thing here I will advice that never withdraw your bitcoin in small small amount always make withdraw monthly in bulk , so that you can't face problem of paying charge that costs for you to loss 2-3$ monthly .
hero member
Activity: 1022
Merit: 517
April 12, 2017, 05:35:08 AM
#61
It is impossible to have a trading sites that do not charge a fee in doing transactions like buy and sell and also in doing withdrawals. Fees in trading site is one of the things that make the sites strong, because fees serves as an income to them which they use it to maintain the site and use it as a fund in doing other type of progress in their site like improving their site or having a new feature. Fees is always required and it's impossible to have a site that does not charge.

Impossible? No it is not, If I remember it correctly there is an exchange site from Indonesia named vip.bitcoin.co.id that does not charge any fees on trading btc to altcoins vice versa but they only charges fees on btc-fiat trades. The bad thing is that there is only few altcoins available on the markets (less than 10alts) and of course the rate is lower than other trading sites like bittrex/poloniex.
sr. member
Activity: 1624
Merit: 267
April 12, 2017, 04:36:51 AM
#60
I don't think that there are sites who do not charge fees because if those sites will not requires fees then there business or site will be nonsense because that is how they generate income from charging fees on withdraw or even on sellin or buying a coin. So it is nearly impossible for a site to not charge a fee even it is small or big.
agree if those exchanges site are no fees their business is nonsense why? We build business to earn money so who people create that no fees for exchanging site. Why trade site have fees? To recover or to restore what the site problems in the futurw and for the many updates. In this generation you can only see little free but most of them are need money before work. It depends of how much you sell or you buy the fees. If you buy or sell high ofcoarse fees if high and low you buy or sell the fees is only low.
sr. member
Activity: 958
Merit: 265
April 12, 2017, 04:06:54 AM
#59
As far as I know, Chinese trading sites did not charge a transaction fee. They have recently begun to charge transaction fees.
Are there any trade sites that do not charge a transaction fee?
There's no exchange or trading site that doesn't have transaction fee because transaction fee is the only way to earn from making a trading site, no one will ever make a trading site that you put your all effort in just for fun or to help peoples to exchange money, The reason why developers make that site to earn money from Withdrawal fees and Transaction fees, As you see many of exchange sites don't have advertisement spot because they already earn a huge profit from fees.

Think about the profit that they earn, Example:
10,000,000 users in your exchange site and the fees for every 1million satoshi transaction is 10,000 satoshi,
10,000,000 x 10,000 = 100Billion satoshi every 0.01 Traansaction and think how many BTC transacts everyday.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
April 11, 2017, 09:37:47 PM
#58
It is impossible to have a trading sites that do not charge a fee in doing transactions like buy and sell and also in doing withdrawals. Fees in trading site is one of the things that make the sites strong, because fees serves as an income to them which they use it to maintain the site and use it as a fund in doing other type of progress in their site like improving their site or having a new feature. Fees is always required and it's impossible to have a site that does not charge.
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
April 11, 2017, 09:19:13 PM
#57
Yeah, one more thing why are you looking for no fees? Strong and reliable crypto currency sites are charging fees. I am a website owner and we are paying for what we called domain name and webhosting fees. Crypto currency site eat a lot of website resources, bandwidth, payment for website admins.

Just try to imagine: 0.15%, 0.25% is so small, than paypal: 2.9% plus $0.30 USD

Yeah, those trading sites are getting their income by the fees charged in every transaction. These fees, they are using in order to maintain the good service of their sites. Usually it is not that high and I found it reasonable since you are getting profit and you are using their platform. As what is said above, there are lots of things to be paid for when you are owning a website, and there is no other way to get those expenses by charging them fees. Otherwise, those sites that does not offer fees are those scam once or they are also trading ang manipulating the price of the coin they are offering to trade.
sr. member
Activity: 896
Merit: 268
★777Coin.com★ Fun BTC Casino!
April 11, 2017, 08:40:52 PM
#56
Yeah, one more thing why are you looking for no fees? Strong and reliable crypto currency sites are charging fees. I am a website owner and we are paying for what we called domain name and webhosting fees. Crypto currency site eat a lot of website resources, bandwidth, payment for website admins.

Just try to imagine: 0.15%, 0.25% is so small, than paypal: 2.9% plus $0.30 USD
I agree, a trading site in which does not charges such fee won't last since they do not have a source of income in order to maintain their site and to process the transaction being made in every trade. Paypal charges larger percentage since a trader pays tax to government which in crypto currency, traders do not do since it is not in the control of the government yet it's legal.
sr. member
Activity: 952
Merit: 250
April 11, 2017, 07:46:29 PM
#55
Yeah, one more thing why are you looking for no fees? Strong and reliable crypto currency sites are charging fees. I am a website owner and we are paying for what we called domain name and webhosting fees. Crypto currency site eat a lot of website resources, bandwidth, payment for website admins.

Just try to imagine: 0.15%, 0.25% is so small, than paypal: 2.9% plus $0.30 USD
sr. member
Activity: 1372
Merit: 255
April 11, 2017, 06:31:45 PM
#54
Tidex do not charge transaction fees.. This is a common starting campaigns for most new crypto site exchanges.
But once they have accumulated huge users, for sure they will. See the link from my sig.

As far as I know, Chinese trading sites did not charge a transaction fee. They have recently begun to charge transaction fees.
Are there any trade sites that do not charge a transaction fee?
newbie
Activity: 14
Merit: 0
April 11, 2017, 05:43:27 PM
#53
Besides Chinese platforms, there's only Whaleclub that doesn't charge trading fees at the moment. The Chinese had no fees because they had massive volumes, and in order to limit the influence of the whales and improve liquidity, they introduced the trading fees.
hero member
Activity: 1092
Merit: 501
March 18, 2017, 06:24:33 AM
#52
As far as I know, Chinese trading sites did not charge a transaction fee. They have recently begun to charge transaction fees.
Are there any trade sites that do not charge a transaction fee?
I never know that there is a trading exchange that are not not giving any fee. As far as I know most trading platform are giving any charge fro every transaction, where the sites survive.
sr. member
Activity: 784
Merit: 250
February 21, 2017, 02:59:47 PM
#51
As far as I know, Chinese trading sites did not charge a transaction fee. They have recently begun to charge transaction fees.
Are there any trade sites that do not charge a transaction fee?

all exchange sites had their own average percentage of transaction fees, it is ridiculous that some of the trading platform don't have the fee for each transaction. What if the exchange get a problem with the maintenance, something like that.
hero member
Activity: 2590
Merit: 644
February 18, 2017, 06:34:13 AM
#50
I don't think that there are sites who do not charge fees because if those sites will not requires fees then there business or site will be nonsense because that is how they generate income from charging fees on withdraw or even on sellin or buying a coin. So it is nearly impossible for a site to not charge a fee even it is small or big.
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