Topic: Zero Fee 0% Bitcoin Exchange - page 3. (Read 9478 times)

See that's a problem because there is a chance of you running with the coin.

Perhaps a freemium style model would work, but in terms of the exchange paying for itself I don't think that advertising would be enough. Also taking extra fees on loading and taking funds might not be wise.

I think that you might want to treat any new exchange that is 0% fees with caution, sounds like a nice way to scam coins. Those fees go towards ensuring that the exchange has a decent lifetime, and good business for them means that they are less likely to run off with your coins/money on the exchange!

Huobi has free trades forever, and has the highest liquidity of any bitcoin exchange.

Just deposit/withdraw using bitcoin if you don't have a CNY bank account.

just scam place give you zero fees hhaha . you want money withoout fee ?
GO TO HE**

I think the fee should remain there for treatment of his ongoing hosting costs etc.
but not too large that reducing the convenience of traders.

ANXPRO has other income methods, such as fees on Bitcoin ATMs. Feel free to check us out.

Sounds awesome. Hope it works out for you and you can keep it going.

Hiring and implementing security measure cost a lot of money.


Without fee, who pay for the security feature?

Exchanges need revenue sources that are reliable and ads won't cut it. There are costs in running any business, exchanges included.

ANXPRO, an exchange based in Hong Kong, has a 0% Trading Fee. Is that what you are looking for?

Volume!

NOT fee free, People who Buy at the ask, and sell at the bid (Takers of Liquidity) pay, for example a 0.02% commission, while people who add liquidity, market makers, by buying at the bid, below the ask, and sell at the ask, above the bid actually GET PAID what's called a rebate of, for example 0.01%.  So the exchange earns the difference, 0.02%-0.01%=0.01% profit per trade for the exchange.  The 'regular' trader still pays 0.02%, but 1/2 of that is going to pay the Market Maker, effectively in exchange for taking the other side of his trade, and making the exchange he is trading on more trader friendly.  aka, better.

The trader adding the liquidity, the 'Market Maker', gets earns the extra 0.01% per trade, the rebate, paid by the exchange, which in the case of opening a TON of trades, many of them ending up at breakeven, ex. you buy the bid, then notice that a huge sell is coming down the line, so you hit the bid exiting at the same price you entered as to not lose money, but you still have that 0.01% rebate n profit.  Depending on how the exchanges develope, and what size rebates exchanges end up giving, rebate only strategies could be profitable as well, where you just buy the bid as huge as you can, then immediately sell at the bid with the purpose of earning as large a rebate as possible, the same at the ask, and you just do this as often as you , or your algo possibly can.  

Which is great for "regular" traders because theres always someone there waiting on the bid and the ask with large orders out there for traders to buy or sell into w/o pushing the price around whenever they want.  Exchanges pay this fee to liquidity providers because we make it possible for "regular" traders to execute their trades on demand, because we are there to take the other side of their trades.  The easier it is to execute trades, the more liquid a particular exchange is, the better & safer a place it is to trade.  Which in turn drives more traders to participate at that particular exchange, in relation to their competition.  It's an awesome, natural, free market informal relationship that is good for everyone.

What I am currently trying to do for bitcoin, because I was really good at it on CITI stock before the reverse split, and virtually no one is playing Market Maker in Bitcoin right now so there is TONS of money being left on the table and/or being pocketed by the exchanges.  Market Makers are an essential part of any market, and as Bitcoin matures institution and those who already have, usually professional, Prop Trading, Hedge Fund, BB's, people with institutional experience will surely swoop in and fill that currently vacant area of the market.  I hope I can figure out where best to trade this strategy, learn the best way to execute it on BTC/USD, and get my size up high enough so that when large players come in to fill the void I will already have an established spot as well as a solid head start on learning and refining what is really a combination of flow trading, market making, and HFT strategies.

Hope I explained myself properly.

a fee free exchange ? well, very interesting, but i can't imagine how they get profit.
at least you could do like this, make ppl pay a 1 yr  trade memberships  .
In the dreamland ads only will pay maintenance fee ....

What you need are exchanges paying rebates to traders for adding liquidity so you'll get flow and market making strategies getting run on the exchanges, which will tighten spreads, decrease volatility, increase liquidity, and generally make for a more robust stable and ordinary market. the exchange makes the difference between takes and adders fee, charge say 0.02% to take and pay 0.01% to add.  everybody wins

While it would be nice it is not a sustainable model to keep the exchange going unless you are doing it for charity.

What's the point of making exchange with zero fee? It's non-profitable. Sorry, for comparison, but it's like letting other people to your toilet in your own office.

It should also have unparalleled customer support.  Since Bitcoin is global, they should be available 24x7, including holidays.  They should respond to all issues within 1 hour.  Where can we find a few dozen people who are willing to work long hours, doing a difficult and thankless job, with zero pay?

Sounds like an unreal business model.  Exchange will never exist when it has no money to pay bills with

We also need poker without rake. I don't see that happening anywere around a business. You could try exchanging between friends and voila you have 0 fees.
Same way with poker, you only find home games with 0 rake, anytime you got an exchange or website you have to pay fees or rake.

I propose exchange that pays me Each time I trade I get 0.03%