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Topic: Zero Fee 0% Bitcoin Exchange - page 4. (Read 9468 times)

donator
Activity: 1218
Merit: 1079
Gerald Davis
May 08, 2014, 06:54:57 PM
#25
I thought Huobi and OKcoin did not have trading fees

I believe they charge fees of deposits and withdraws.  More than one way to skin a cat.  I believe the OP's idea is to build the worlds best exchange with state of the art features, security, and speed without any revenue.
sr. member
Activity: 354
Merit: 250
May 08, 2014, 06:45:31 PM
#24
I thought Huobi and OKcoin did not have trading fees
donator
Activity: 1218
Merit: 1079
Gerald Davis
May 08, 2014, 10:21:20 AM
#23
Also, with the way the law is in the USA, there are lots of potential legal issues when dealing with the exchange of USD.

This will be a Trading exchange only. No Fiat deposit/withdrawal.

I don't want fees associated with the exchange therefore fiat must be eliminated.

Buyers must have the coins in storage then use this exchange for trading. The actual exchange isn't processing orders into the blockchain,  the server will just operate an efficient order matching engine.

If we can use cold storage escrow for deposits, we'll avoid regulation completely, and just be the liquidity engine for matching orders at millisecond speeds.

FinCEN has stated the exchange of virtual currencies for real currencies or other virtual currencies constitutes money transmission and requires registrations with FinCEN as a Money Service Business?  So you will be blocking US based customers correct?
newbie
Activity: 56
Merit: 0
May 08, 2014, 10:15:47 AM
#22
I hope you can create such a site, be sure to let me know if you have completed.
full member
Activity: 210
Merit: 100
May 08, 2014, 08:30:46 AM
#21
For a start it could be exchange with lesser cost than it is now on major exchanges, and as you earn revenue from ads you can lower fees.
member
Activity: 176
Merit: 10
The World’s First Blockchain Core
April 24, 2014, 10:22:31 AM
#20
A project like that can't exist without huge investments

I've extended a trading platform to my site but putting my blood over the code for months!
Fighting every day against hacking or bug abusing to make it more secure and usefull

But today with a 0.2 fee I can barely pay the hosting costs

www.virtualcoin.biz
sr. member
Activity: 1097
Merit: 310
Seabet.io | Crypto-Casino
April 23, 2014, 05:53:36 PM
#19
Any Exchange with Zero fees?
If no, lets build one.

There are some exchanges with zero fee. Look at my previous post. Unfortunately I don;t think it has help to raise the trading volume though. If you build your own, what do you think is the revenue source?
member
Activity: 115
Merit: 10
April 23, 2014, 11:26:31 AM
#18
it is just for sometime or forvever?
newbie
Activity: 56
Merit: 0
April 21, 2014, 06:28:09 AM
#17

First we need an Exchange with Zero Fees. Crypto exchanges are sprouting up like weeds and they're all the same. Poor API , poor desktop and mobile trading apps. exchange holds coins, and 0.2% fees.

If we have an exchange with zero fees it would add liquidity ( by providing an incentive to buy/sell on exchange) and offer better trading conditions for all traders ( more liquidity means more buyers and sellers are waiting to trade at their prices which decreases the spread between the Bid/Ask ).

Any Exchange with Zero fees?
If no, lets build one.

*********************
how to build one?
is it risk?
and how to make profit?
sr. member
Activity: 252
Merit: 250
12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw
April 21, 2014, 05:35:38 AM
#16
Also, with the way the law is in the USA, there are lots of potential legal issues when dealing with the exchange of USD.

This will be a Trading exchange only. No Fiat deposit/withdrawal.

I don't want fees associated with the exchange therefore fiat must be eliminated.

Buyers must have the coins in storage then use this exchange for trading. The actual exchange isn't processing orders into the blockchain,  the server will just operate an efficient order matching engine.

If we can use cold storage escrow for deposits, we'll avoid regulation completely, and just be the liquidity engine for matching orders at millisecond speeds.



you have a great idea, but there is no chance this thing can reach 1% of global trade share without deposit/withdrawal option in FIAT, in other words, you would force people to get BTC out (think of effect to price, it would be similar to one from MtGox, when they didn't payout folks, so BTC there were worth more than on any other exchange).
newbie
Activity: 42
Merit: 0
April 21, 2014, 03:43:11 AM
#15
Also, with the way the law is in the USA, there are lots of potential legal issues when dealing with the exchange of USD.

This will be a Trading exchange only. No Fiat deposit/withdrawal.

I don't want fees associated with the exchange therefore fiat must be eliminated.

Buyers must have the coins in storage then use this exchange for trading. The actual exchange isn't processing orders into the blockchain,  the server will just operate an efficient order matching engine.

If we can use cold storage escrow for deposits, we'll avoid regulation completely, and just be the liquidity engine for matching orders at millisecond speeds.

newbie
Activity: 42
Merit: 0
April 21, 2014, 03:32:30 AM
#14
It would essentially lower my trading cost and add more opportunities for trading.

 It's a win win situation that pays for itself.

 Simply saying, profits from trading pay for the operational cost of the exchange.

 Or you can say it is from the money Saved from trading at a less expensive exchange.

Let me explain this better through a trading strategy.

I'm investing 10k in btce MT4 platform. They offer 1:3 leverage. with a big fee.
The smallest position size is 0.01 which costs 0.02 cents usd and a 0.10 position size will be 0.23 cents.

I buy a position size of 0.01 (cost of 2 cents) at 486.005 and close the position at 490.00 for a profit of 2 cents. BTC/usd moved up $4.00.
What happen in the trade?
BTCUSD moved Up in our favor $4.00
Our Trading Fee was 2 cents
Our profit is 2 cents after fee.

Without the broker fee I would make 2x the profit. A total of 4 cents of profit instead of 2 cents.

Now apply a position size of 0.10 with a fee of 23 cents per trade. I will use the same strategy of a BTCUSD Up move of $4.00 to generate 23 cents in total profits after the total 23 cent fee.
I placed 500 trades a month
Total fee is $115.00

And now lets get serious.
I will be trading with a position size of 0.49 and the cost is $1.00 in commission
I will place over 500 trades a month
Total fee is $500+ a month.
Cost of server and bandwidth is covered.


sr. member
Activity: 1097
Merit: 310
Seabet.io | Crypto-Casino
April 18, 2014, 05:19:59 PM
#13

As far as I use and at least as of now, ANXBTC is free for trading BTC. Also, Justcoin is free after 100 BTC trades. Cheesy
Still not sure their revenue source.

newbie
Activity: 3
Merit: 0
April 17, 2014, 08:41:50 PM
#12
Also, with the way the law is in the USA, there are lots of potential legal issues when dealing with the exchange of USD.
sr. member
Activity: 252
Merit: 250
12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw
April 14, 2014, 05:40:29 PM
#11
Do you have any imagination how much security costs for such an exchange? How much are servers etc. ? I think fees are there with a reason...
hero member
Activity: 672
Merit: 500
April 14, 2014, 05:39:58 PM
#10
We need an exchange which is secure and reliable. Building a reliable exchange needs capital. You cannot expect an exchange to survive long term on ads alone. It must generate enough revenue to cover costs and reserve profits for expansion.
legendary
Activity: 1162
Merit: 1001
April 14, 2014, 05:20:43 PM
#9
First we need an Exchange with Zero Fees. Crypto exchanges are sprouting up like weeds and they're all the same. Poor API , poor desktop and mobile trading apps. exchange holds coins, and 0.2% fees.

If we have an exchange with zero fees it would add liquidity ( by providing an incentive to buy/sell on exchange) and offer better trading conditions for all traders ( more liquidity means more buyers and sellers are waiting to trade at their prices which decreases the spread between the Bid/Ask ).

Any Exchange with Zero fees?
If no, lets build one.

How would this exchange maintain itself?

Do you have capital to begin this?
newbie
Activity: 47
Merit: 0
April 14, 2014, 02:53:06 PM
#8
I see tomorrows wallets being more like today's exchanges. And today's exchanges might become super-exchanges...
newbie
Activity: 36
Merit: 0
April 14, 2014, 06:53:20 AM
#7
And if you have an API - how long until someone writes an app / www site that just bypasses your adverts ?

If you can find people who want to put the time and _money_ (hardware and bandwidth aint cheap ya know) - they sure go for it and lets see if it takes off - maybe I'll trade there Smiley.
newbie
Activity: 29
Merit: 0
April 14, 2014, 12:36:15 AM
#6
You have clearly put a lot of thought into this.  I'd like to contribute several hundred hours of labor and thousands of dollars in capital.  What will you contribute?
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