Why token pay for listing of exchangers - page 11.

tuthienloc92bk

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Quote from: jajorforce on September 01, 2018, 07:26:04 AM

Bitforex is a bad exchange. This exchange I use is not smooth, and fake volume. They use the bot to push the volume 24h up, and become one of the top 10 exchanges. Personally I do not like using this exchange and do not like the token listed there.

Hi there. Thank you for your review of BitForex. But this is an example, I do not say that BitForex is the best exchange Cheesy

zingspeed

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Because it is necessary for tokens and coins. If it is listed on the trading floor it will be valuable instead of becoming trash

Zeppelins

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Quote from: Windmoney@1 on September 01, 2018, 04:44:32 AM

Is it necessary for token or coin to pay huge amount of bitcoin or ethuruem for it to be listed on Exchange...
Why exchangers charge millions of dollars to get a token listed on their exchange?

The exchanges have no other option than to charge a listing fee for themselves. Revenues from commissions are too small

Augustyusuf

jr. member

Activity: 546

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i think its normal if some token want to be listed on any exchanger need to pay the fee, for example you have a bussiness lets say its a minimarket, if you didnt have your own place then you must rent it right, i think its similar with the token fee listing.

takose46

member

Activity: 128

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Like you have to pay to advertise your token or you need KYC before join ICO. To avoid the case of developers selling their coin, scam tokens. Make money too easy if do not have fee to listing. Creat new trash token and it will list on exchange ? NO !

SuiMikira

member

Activity: 364

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Some exchanges, especially exchange has big trading volume require pay for listing. Implementing one coin into exchange is massive work for dev team so it's easy to understand that. Getting listed on big exchange is important for one coin, it increases the liquidity and the coin flow.

george_hured

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It's really a very strange question, but probably there are so many different jobs for the correct evaluation and trading of tokens in relation to other crypto-currencies, it's very strange indeed why

jajorforce

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Quote from: tuthienloc92bk on September 01, 2018, 05:24:26 AM

Well, choose bitcoin as example.

https://coinmarketcap.com/currencies/bitcoin/#markets

Look at Volume (24h) on BitForex and what do you see? $3.327.401.320, it mean 0.05% [1] of it will be got by the exchanger. (~$1.6 million per day).

If they list a potential coin on their exchange, they will earn thousands to millions dollar per day. So, is it worth?

[1] https://support.bitforex.com/hc/en-us/articles/360006824872-Trading-Fees

Bitforex is a bad exchange. This exchange I use is not smooth, and fake volume. They use the bot to push the volume 24h up, and become one of the top 10 exchanges. Personally I do not like using this exchange and do not like the token listed there.

BitNaija

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Activity: 322

Merit: 10

The exchange have spent money to build the exchange, also spent money to build credibility and a huge follower-ship so they need to recoup their cost. Also, they have staff to pay and other bills to settle. All of these cost are offset from the proceeds of registration. Without that, exchange will collapse in due time.

Awesomus Maximus

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Quote from: OluwaTosin10 on September 01, 2018, 05:08:43 AM

This explains it all
Project with purpose and good motives with a proper roadmap bringing solution to the masses would be lesser fees

Actually I would say if the token is genuine and comes with totally fair distribution of tokens, no fees at all. But if the scam-token-developers shamelessly keep 20 percent of tokens or more for themselves, I have nothing against them being ripped off by the exchange listing fees.

anjohyx

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Activity: 451

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most of the exchange have their rules for news coin listing, top exchange require high fees for listing new coins, if not a lot of scam coin will appear in exchange, but I saw that most of the project don't want to pay the fees to listed on high trading volume exchange , even project raised a lot of fund from ICO, I've no idea why like that

ralle14

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Quote from: Windmoney@1 on September 01, 2018, 05:04:51 AM

Necessary verification would have be a better idea than to charge huge amont of money....truly some coin doesn't whot to be listed on exchange

Imagine a coin or token with no mission, vision and no problem solved,no road map, no white paper.. Then such token or coin won't have good impact.....
Strict verification would have been a better ideas

I know coinbase have a strict set of rules when it comes to adding new alts. Unfortunately, not all crypto exchange have the same rules and requirements for altcoin listing because others are greedy all they care about is the money. Aren't all altcoins supposed to have there own road map, whitepaper, etc yet most of them end up failing.

Quote from: Windmoney@1 on September 01, 2018, 05:32:50 AM

Truly knowledge is power... Listing of a token or coin in a big exchangers is truly needful so as to increase daily volume of the token or coin...

When a token gets added on a big exchange it doesn't always mean that it's good for the token if it can't maintain a high volume it can get delisted.

nascasto

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PRIVATE FEDERATED BLOCKCHAIN

They have plenty of their own tokens in their hands. A small amount for them to pay for the evaluation of the current token

passwordnow

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Leading Crypto Sports Betting & Casino Platform

Quote from: Windmoney@1 on September 01, 2018, 04:44:32 AM

Is it necessary for token or coin to pay huge amount of bitcoin or ethuruem for it to be listed on Exchange...

Its about business. Token developers need to expose their coins to a larger exchange to get more volume, they also hold that token wherein they can sell if the price increases.

Quote from: Windmoney@1 on September 01, 2018, 04:44:32 AM

Why exchangers charge millions of dollars to get a token listed on their exchange?

Volume.

StephenieDuong

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Sometimes scam ico or fake ico will try to list on exchange to turn their non-value coins into money. So they have to invest list-coin-fee for this purpose. I think those coins trying to do this is danger and investors should avoid these coins.

Sone11

newbie

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Quote from: Awesomus Maximus on September 01, 2018, 04:53:20 AM

In an ideal world it would not be necessary. But we don't live in an ideal world. The exchanges want to make more money. But there are positive examples too. Some exchanges won't list a crypto even if payed a lot of money. For example Binance's CEO said,

Quote

We don't list shitcoins even if they pay 400 or 4,000 BTC. ETH/NEO/XRP/EOS/XMR/LTC/more listed with no fee. Question is not “how much does Binance charge to list?” but “is my coin good enough?” It’s not the fee, it's your project! Focus on your own project!
https://twitter.com/cz_binance/status/1028190371719786496?lang=en

One more thing worth to mention. If the cryptocurrency had a fair start, if there were no premine, no developers fee, how would it pay, who would pay? Say bitcoin was not listed on some exchange, who would pay the listing fee?

One thing not clear to me about the CEO statement and the fee model, if they find that the crypto is a legit project, should they charge for free for "ALL". I wonder what's the criteria since not all good projects are charged for free. If they know that the project does not have much, so they would go for community voting for all of them?

Adeforever

newbie

Activity: 84

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It is necessary they charge then because it is much as paying broker a brokerage. Their work is more or less agent. Also If they did not charge anything those scam coin will just list there token and run away without monitoring. You know before a coin or token is listed they will be the one to scrutinize it and ensure it is a genuine token.

Schirer

member

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Because exchnages want to make money and they are making tons upon tons of money. look at the biggest exchanges , they have offices in the most expensive places and buildings in the world, this could be and indicator that something bad gonna happen this huge amount of money indicates to some kind of bubble.

Windmoney@1

newbie

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Truly knowledge is power... Listing of a token or coin in a big exchangers is truly needful so as to increase daily volume of the token or coin...

tuthienloc92bk

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Fast, Smart, Trustworthy

Well, choose bitcoin as example.

https://coinmarketcap.com/currencies/bitcoin/#markets

Look at Volume (24h) on BitForex and what do you see? $3.327.401.320, it mean 0.05% [1] of it will be got by the exchanger. (~$1.6 million per day).

If they list a potential coin on their exchange, they will earn thousands to millions dollar per day. So, is it worth?

[1] https://support.bitforex.com/hc/en-us/articles/360006824872-Trading-Fees

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