Zero Fee Trading? | Bitcointalksearch.org

cryptoblazter

full member

Activity: 421

Merit: 100

Quote from: RAMSHIVDEEPAK on August 06, 2018, 12:57:04 AM

Quote from: Aizhen05 on August 06, 2018, 12:03:57 AM

If you have anything doubts about bitmex you should find another exchanges, I suggest that stay away from the exchange with a zero fees because there's a high risk.

what type of risk involved in the zero fee exchange Huh

I am using Cobinhood,BitMEX, I don't see any problem with them till now.

Actually, all exchanges are not exempted from hackers. The question is, "What security measures do they have?" Security is one thing you should take note in choosing exchanges. I'm sure you already heard the news about exchanges been hacked. Now, if exchanges are free of fee, how would they support the development of security features of the exchanges?

Agapelove

member

Activity: 425

Merit: 10

Instead of looking for "no fee" cryptocurrency exchanges, better to look for the most secured and trusted ones. I'm sure you don't want your coins be stolen by hackers. Don't gamble on less secured exchanges.

aencarnaci

sr. member

Activity: 448

Merit: 281

Quote from: manggis97 on September 04, 2018, 08:08:09 PM

I think the important thing than trading fee is high liquidity and lowest spread, if the spread lower we can make small profit by more easy. So far i only found Binance exchange that has lowest spread and lower trading fee with highest trading volume. I was compare spread of Binance with others exchanges and i found Binance is has lowest spread.

I want to believe so far, Binance has been the only exchange that actually comes with all the features needed for traders to make good traders without being scooped hugely from their funds. This is the reason why the volume over few months skyrocketed hugely and even made it more of a desirable exchange to trade for most seasoned traders. Zero fees are hard to find anyway, but at least, there is a huge balance with binance.

Quote from: tanzaholzmann on September 04, 2018, 08:38:11 PM

I once traded on cobinhood.com and there are no selling and buying transaction fees, so if you are interested and want to trade on cobinhood you can try it and this is the official link from that market www.cobinhood.com

One way or the other, most exchanges will always have a way to take back from the users, either from the trading fees or from the withdrawal fees. So far so good, I feel binance is actually one of the top notch exchange that can give you all the functions you want as a trader and still be able to enjoy a slightly close to zero trading fee. For what it is worth 0.05% for those using BNB for their fees is something no one should ever have any concern about.

Quote from: robresno on August 05, 2018, 01:00:38 PM

Works great but the problem is it takes only small profits $1 to $30 based on 1 BTC traded in and out. So any fees would kill it.

I have seen such things with few Forex companies in the name of scraping. Bots will work for one or two pips but more than 90% will go for covering the fees. With 1 BTC, I will not risk for profiting $30 a day. Leaving in cold storage must be a better option instead of that.

Ericgreen

jr. member

Activity: 92

Merit: 1

Quote from: richcorner100 on September 02, 2018, 09:10:25 PM

To take small profit when trading will be more easy if that pair has high trading volume so we get also high liquidity, and so far the best exchange that has highest trading volume with liquidity is Binance, this exchange is very good for scalping, day trading and swing trading. And also has lowest trading fee compared others big exchanges.

Lowest trading fee is basically the only thing anyone can see from a reputable exchange with a good volume which Binance in this case is a very good one to refer like you said. For zero fees trading like the OP wants, that would be a hard thing to get for such markets.

For what it is worth, it is always important to try as much as possible to utilize exchanges with good reputation when trading, and zero fee trading is something no one can see in such category.

Osarman

hero member

Activity: 952

Merit: 503

Quote from: docamvan1997 on September 02, 2018, 09:33:13 PM

I think there is no exchange which has zero fee. They need fee to survive. Some exchanges have game for users. If they have no fee, they'll have not money for rewards. Do not try to find zero fee exchange. It wastes your time.

There may be some, but I am sure that would not be some exchange that is well trusted and used. At least, there is no exchange that is highly reputable with zero trading fees and for now, the only thing anyone can have is a lower fees than others.

For instance binance has been very good for day trading due to its low fees as low as 0.05% which to me is good enough for anyone who is looking for a very good exchange with a lot of trading opportunities.

PETES

full member

Activity: 456

Merit: 100

Quote from: robresno on August 05, 2018, 01:00:38 PM

I have developed a profitable day trading strategy using neural nets and is very consistent. Works great but the problem is it takes only small profits $1 to $30 based on 1 BTC traded in and out. So any fees would kill it.

Is there any exchanges that allows to place market orders (buy at ask and sell at bid) without any fees? or crazy wide spread?

Try to use Bancor, and you don't need to place bids just to sell or buy as they have a feature that automatically process your sell/buy so you don't need to wait for your orders. Well personally, I find this comfortable to use plus of course there's no trading fee, you just need to pay for withdrawal fee which is a normal thing to do.

chamika888

member

Activity: 364

Merit: 10

yes there are many zero fee exchanges,i use cobinhood but the problem is it has very low volumes sometimes.okex also give zero fees for their exchange coin currency pairs.

upsidedown75

legendary

Activity: 1288

Merit: 1036

I do not trust zero trading fee companies as much as I do not trust zero house edge casinos. If the house edge is zero that means casino is not making money on the long run, house edge is what brings casinos a profit in the long run. Same goes for exchanges with zero trading fee, that means they are probably making money from someway else and if I do not know how they are making their money that means I do not trust them.

I know where binance is making their money and their profits so I trust them, they tell me how they make their profits, if an exchange tells me they are not taking any fee from me than I do not know where they are making their profit and keeping the lights on, which is scary to not know.

Docnaster

hero member

Activity: 1638

Merit: 576

Leading Crypto Sports Betting & Casino Platform

Some decentalized exchanges have 0% or at least close to 0% fees, however they also tend to be very small exchanges that either have very few trade pairs, or have very low volume, so there isn't much utility. You can take a look at a few emerging exchanges, they often offer 0% trading fees for a fixed duration, so you can just keep moving between exchanges taking advantage of this offer.

charlotte04

full member

Activity: 504

Merit: 102

Quote from: robresno on August 05, 2018, 01:00:38 PM

I have developed a profitable day trading strategy using neural nets and is very consistent. Works great but the problem is it takes only small profits $1 to $30 based on 1 BTC traded in and out. So any fees would kill it.

Is there any exchanges that allows to place market orders (buy at ask and sell at bid) without any fees? or crazy wide spread?

I tried using Bitmex and when you do buy bidding it will really help you from your fees. They would even pay you with that. I don't know about other trading platforms.

CryptoIyke

copper member

Activity: 308

Merit: 1

I think I understand your strategy, it has to do with placing your sell order at the lowest seller and it sells quickly then place a buy order above the highest buyer and be shuffling like that, have thought about same but the fee charged is higher than the gains, Haven't known any exchange that charges zero fees for trades but have to be careful cos you may not win with this all the time

aervin11

full member

Activity: 602

Merit: 103

On your strategy, you might need some volume, to get your orders done right?
Look at this list https://coinmarketcap.com/exchanges/volume/24-hour/no-fees/ and find your suited site in terms of volume, security and security protocols. What I mean with security protocols are like "Are their minimum or maximum withdrawal amount" or do you need to do KYC(Know your customer) things like that so you could move your money if there are problems regarding that exchange

tanzaholzmann

newbie

Activity: 101

Merit: 0

I once traded on cobinhood.com and there are no selling and buying transaction fees, so if you are interested and want to trade on cobinhood you can try it and this is the official link from that market www.cobinhood.com

Natsuu

full member

Activity: 1148

Merit: 158

★Bitvest.io★ Play Plinko or Invest!

Quote from: robresno on August 05, 2018, 01:00:38 PM

Is there any exchanges that allows to place market orders (buy at ask and sell at bid) without any fees? or crazy wide spread?

Try cobinhood, it's zero trading fee but the things is they're withdrawal fee is a little bit higher, but it's pretty good to use, so far.
IMO, trading fee shouldn't bother you since you're earning good and it doesn't kill you tho, instead always just look fir high trading volume.

manggis97

member

Activity: 476

Merit: 10

I think the important thing than trading fee is high liquidity and lowest spread, if the spread lower we can make small profit by more easy. So far i only found Binance exchange that has lowest spread and lower trading fee with highest trading volume. I was compare spread of Binance with others exchanges and i found Binance is has lowest spread.

EXtremeAEX

hero member

Activity: 798

Merit: 503

To date, there are several exchanges that offer their services without commission fees: Bitmex, Quoine, Coincheck, Cobinhood, Upbit, Lykke Exchange, Zaif and a few more. These exchange offer to trade some currencies without commission fees. Most of all I like Cobinhood, because this exchange offers to trade the largest number of trading pairs among other exchangers.

Akoldi_ibk

jr. member

Activity: 1050

Merit: 1

Where there is free trading, there is always a catch especially with the waves of exchange entry the space. Also, you might not have wide range of coins in such exchange coupled with low trading volume. I advise you go back to your drawing board and sketch out a profitable strategy. It might not be day trading.

matthewoz101

jr. member

Activity: 308

Merit: 2

Quote from: robresno on August 05, 2018, 01:00:38 PM

I have developed a profitable day trading strategy using neural nets and is very consistent. Works great but the problem is it takes only small profits $1 to $30 based on 1 BTC traded in and out. So any fees would kill it.

Is there any exchanges that allows to place market orders (buy at ask and sell at bid) without any fees? or crazy wide spread?

I'm interested as well. There are exchanges that have "0 trading fees", but you may need to look out for withdraw/deposit fees.

Matic

full member

Activity: 310

Merit: 100

https://eloncity.io/

Quote from: robresno on August 05, 2018, 01:00:38 PM

I have developed a profitable day trading strategy using neural nets and is very consistent. Works great but the problem is it takes only small profits $1 to $30 based on 1 BTC traded in and out. So any fees would kill it.

Is there any exchanges that allows to place market orders (buy at ask and sell at bid) without any fees? or crazy wide spread?

I dont think it is possible, just because we are trading on the exchange platforms, which are created and managed with the people who are as well having a desire to live and earn, as we are.

Ekenegbu123

newbie

Activity: 154

Merit: 0

It would be a bit hard task to find an exchange that has zero trading fee. Its a bit of a hard task to get that in my opinion. Its better to work with the ones that have minimal fees than to work with the ones that have zero fees or high fees

Topic: Zero Fee Trading? (Read 564 times)