Getting a domain isn't free.
Building up the system of an exchange isn't free.
Having a security of their website isn't free.
If you are complaining about why we have to pay the fee, stop using any service. Miners are getting paid to secure transactions and they aren't doing it for free. Same goes for exchanges.
Topic: Why do we always have to pay fee? - page 2. (Read 952 times)
When you make a transaction, it need to be confirmed to be success. There are many miners in the world who make your transaction confirmed and the system need to be paid to do it.
I know that mate we ought to pay miners for their job and the ability to maintain the whole crypto ecosystem that's the fact and I'm eager to pay for it but I was talking about the fees of the exchange, that sometimes do not correspond to the level of services they provide.
Well, the companies are charging you for the services they provide ,plus you will need to pay more Bitcoin when the network is congested.
So you will continue to be charged more as long as you use wallets provided by companies and make transfers when the network is congested
So you will continue to be charged more as long as you use wallets provided by companies and make transfers when the network is congested
The 0.25% they charge you is for the trade fee and not gas fee. Trade fee is charged on an exchange while gas fee is charged during wallet to wallet transactions or during withdrawal on exchange.
Not that the gas fee goes to miners and trade fee on an exchange goes to the management and the funds are used in running and maintaining the exchange.
Not that the gas fee goes to miners and trade fee on an exchange goes to the management and the funds are used in running and maintaining the exchange.
Fee payment is simply means transaction charges, which some Exchange platform called it Gas, to enable the token to move out from one wallet to another. Therefore, the fee payment has been implemented right from time, even our local bank charges and even worst.
Yes this is normal. All transactions have fees. So make all your transactions meaningful. Like us, they need to earn also coming from our fees. We are having their service so they need to charge some fees . It's up to you on how to save your money and make your fees worth it. Make sense it is normal scenario in every transactions.
I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?
You have to read the TOS of the exchange, and if that is not included, that's the time you can say they steal money from you.
Fee is just normal, it's the life blood of every exchange, without it, they can't continue their service since they are all profit oriented business.
OK tell me one thing why someone will work free for you, they're not steeling if you go to their fee schedule they told you about fees already, they've designed the best exchange, they do advertising, they've employees, bots, why they established everything, they aren't running an NGO. I hope you get it
I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?
Rest assured that they are not stealing from you. Fees are always there. In fact, to a certain extent, fees are necessary. It is where the profit of the exchange comes from. They sure need that or else they will stop their operation altogether. Fees are necessary to fund their staff to make sure everything's running pretty well, safe, and secured.
And 0.25% is not that big a deal. That's still within the minimal level. Please bear with it because it cannot be taken out.
it's normal for exchange services to charge fee. In some exchange they charge 0.3%-1% for every trade and transactions
They used fee from their users to operate business such as, software development, hardware support, team sallary and etc.It's worthed as you use their service to trade your coin
If you think they steal from you, i guess no. Just you bit lazy to read their document such as services fee. From the begining they already provide information, and users should read it carefully. If users dont want to pay fee so dont agree with TOS and don't signup
They used fee from their users to operate business such as, software development, hardware support, team sallary and etc.It's worthed as you use their service to trade your coin
If you think they steal from you, i guess no. Just you bit lazy to read their document such as services fee. From the begining they already provide information, and users should read it carefully. If users dont want to pay fee so dont agree with TOS and don't signup
Exchanges need the charges or funds from those fees for some developments. For instance, some exchanges use the fees to pay dividends to those who stake their assets on those exchanges. Some also use the funds from the fees to maintain the exchange site and to pay their staff. Except for some exchanges that have other alternatives or other means of funding.
If you feel you are being charged at exorbitant rate, which of course is the custom of some exchanges, you cab trade of exchanges that demand less. Although, if you are an investor or into bounty, you might have no choice than to trade on exchanges where the coins are listed, except you want to wait for listing on the exchange of your choice. Traders can still decide not to trade on certain exchanges, only if they feel they have the fund.
If you feel you are being charged at exorbitant rate, which of course is the custom of some exchanges, you cab trade of exchanges that demand less. Although, if you are an investor or into bounty, you might have no choice than to trade on exchanges where the coins are listed, except you want to wait for listing on the exchange of your choice. Traders can still decide not to trade on certain exchanges, only if they feel they have the fund.
0.25% is not a big deal they provide you a platform for trading and to make money and to keep the exchange safe and run the operation they need the money so they are not steeling anything from you you are paying them just to use their service
I'm on that too. I would pay an honest transaction fee in exchange for a great rate of security, absence of wash trading and an ability to withdraw and manage assets any time I want.
How do you expect your transactions to be processed and completed ? It’s the fees you pay that are used to process it to make it faster. Without the fee , your transaction won’t be processed on the blockchain network !
Do you know something that is completely free? Exchanges have too many employees, pay rent and so on. From where they should take the money for these costs?
It is natural to pay for using service. Crypto exchanges are there to offer us services. They have given us the platform to trade coins. So for their service, they take certain amount of charge. But the matter to take into account is that why all exchanges charge the same amount? So it is necessary to fix the same amount of charge.
I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?
Firstly, you have to understand that people come with innovations to help the globe but in echange they have to make money as a sign of their compensation to the solutions profered. they also incure expenses when ensuring that they keep up with the standard operating proceedure of the solutions they profer. In projects like changelly, you have to note that changelly is just an echange and not a lockchain like EOS that has Feeless charges and therefore they have to pay up for fees that are incured while exchanging the tokens or coins from your wallet. its just a few blockchain that actually offer feeless transactions and its very rare to have such. in conclusion, you are not a victim of theft but they are doing their due diligence. 
I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?
Lol, I laughed so hard when I saw this post. I don't see any reason why they shouldn’t charge you for carrying out transactions on their platform, this is normal to any platform providing a service to the human race, it is not possible to maintain this platforms without funds and I don't think these companies are charity organization.If the blockchain can charge you fees for making transactions from one wallet to another, how much more this companies that are running a centralized system built around the blockchain also charge for the services been offered to the crypto community, so I think we should also give them our maximum support.
I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?
At this time is there still a free by now?
We pay water, we pay for electricity. Hell, even the road is being paid by us thru taxes.
There is nothing free anymore but just air which someday we might be paying for also.
.25% is just a small amount compare to what I have been using even before up until now. 1% - 2% for every transaction and another addition of $.50 for withdrawal fees in an ATM.
We have to understand the flow of transaction fees. Exchange's income rely also on the fees alone and with the convertion fees, too. You have to accept the fact that in every transaction, there is a miner's fee and we have to pay for that. If you are still confused, i think this link explains it all.
I've noticed that everytime I make any transaction I have to pay fees. why users have to pay their money? for example, I use changelly and it's found out that I pay them 0,25% fee. Is that normal or they steal from me?
That is the transaction fee. If you don't have an exchange, you won't be able to sell your coin. Therefore, it is a service fee and you should be familiar with it. Jump to: