Zero Fee Trading? - page 2. | Bitcointalksearch.org

Armadeus

jr. member

Activity: 70

Merit: 2

Quote from: robresno on August 05, 2018, 02:00:38 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?

The exchanges with no fees are highly manipulated because nothing can stop from doing fake transactions (matches bids and asks) there.
So you should double check your strategy and if it requires margin trading then exchanges with zero fees are not suitable.

sherwinsamsung

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is earning 1-30usd per transaction? i think it's more of per ttansaction, and 30usd profit x 50 transactions a day = 1500usd. not bad already. doing 50 transactions on bitcoin is doable since bitcoin is a high volume crypto. just be mindful also that exchanges have withdrawal fees.

cryptogideon19

member

Activity: 316

Merit: 10

For me It's good to trade on trading site with fee because it's more safe than the no fee trading site. WHY? simple, all the trading site want's a fee's for every trade for the maintenance and to the hosting Fee for their Site and what about for the Free trading site where they gonna make money if there's no fee to every trading ? So tendency none. That's my opinion if you see it's wrong then ignore

janggernaut

legendary

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Quote from: jorgelugra on August 06, 2018, 04:52:19 PM

I think that your strategy is smart enough and I like it much! To my mind, this is good news! I can say that this is the best possible way out from the trading problems. I think I will stick to zero trading as well

OP's strategy isn't smart actually. As you can read, he managed to make $1 - $30 with 1 btc as his bankroll. This mean, his strategy is arbitrage. He buys and move from 1 exchange to other exchange, then sell it on higher price in other exchange sites. That's why he looking for exchange which has 0% fee.

docamvan1997

newbie

Activity: 126

Merit: 0

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.

richcorner100

full member

Activity: 616

Merit: 100

https://exip.live/

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.

jorgelugra

member

Activity: 266

Merit: 10

I think that your strategy is smart enough and I like it much! To my mind, this is good news! I can say that this is the best possible way out from the trading problems. I think I will stick to zero trading as well

buwaytress

legendary

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I must be getting quite outdated, admitting I only recently heard of this zero fee trading on exchanges. And this transaction fee mining thing going on? That's new to me too. I'm not sure how I feel about all these fancy new ways of overcoming fee issues, but I of course understand how some traders lose a lot if they do tens of trades every day. That easily adds up to huge losses just on fees. But from what I used to fin, where the fee is low, the spread is high, or the price just not good enough. Essentially, all things equal in the end for the casual trader.

On the other hand, if fees are just percentages, then why would $1 or $100 matter on your trade, OP? Or are you making $1 on $1000 trades? IF that's so, seems a bit pointless to me.

jacee

legendary

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Quote from: Alpacera on August 06, 2018, 08:10:03 AM

Those zero fee exchanges have mostly a very low volume. I'd choose exchanges with fees and feel more safe with my coins on them.

There are actually trusted exchanges that have 0 fees on a certain pair like bitmex with its BTC/USD market but you are correct since there is no volume in there. I've also checked the exchanges on coinmarketcap that have ) fees and no volume on any exchanges whatsoever.

@OP your best option is to just find the exchange that offers the smallest fee since the exchanges providing 0 fees will be of no use because of it's 0 volume.
One best option for you is Binance. You can take advantage of its low trading fee when you use their binance token.
Another is COSS which also offers their own coin and you can even earn from dividents.

also
CoinExchange have .15% fee
Cex.io offer .20% - .25% fee on trades

Davido1174

newbie

Activity: 210

Merit: 0

During my time in this industry, virtually all exchanges have one form of fee or their other. Its not advisable to use any exchange that is zero fee as this can be detrimental to your finances.

panjay

sr. member

Activity: 1079

Merit: 352

in indodax.com BTC/ALTS pairs was a free fee zone, I mean you don't trade with usd or any leverage obviously but yeah there was an exchange with zero fees.

Yunbalo

newbie

Activity: 191

Merit: 0

There are many places where high transaction costs, I do not agree with such high fees and I always avoid those places,

maninas

jr. member

Activity: 126

Merit: 2

the smallest fee is usually to sell orders or buy orders, if selling instant and instant buying will take a fee that is greater than the sell order or buy order
to trade with a profit of 1 $ -30 $ with a capital of 1btc it is not worth the capital and the risk, it would be better if I split your capital to trade a few coins for a more satisfying result without thinking about it
there is no zero fee market, while that is just a momentary promo

Alpacera

newbie

Activity: 20

Merit: 0

Those zero fee exchanges have mostly a very low volume. I'd choose exchanges with fees and feel more safe with my coins on them.

Palllke

member

Activity: 238

Merit: 54

On the exchange a token for BTC ETH and USD costs differently can I earn on this difference? If so how?

eaglewhite80

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Quote from: OmegaStarScream on August 05, 2018, 03:03:52 PM

Here is a list of all exchange that have no trading fees (some of them may be restricted in some countries though): https://coinmarketcap.com/exchanges/volume/24-hour/no-fees/

Thanks for this list. However, I was actually looking for Luno on that list though since it allows no trading fees if you are market maker except for takers. Meaning, if you are just setting a buy order or a sell order, fee is free. Fortunately, like you said when it comes to availability to countries, it is actually limited to most European and African countries. It would also be hard to see an exchange with a huge volume and different pairs not having fees though!

Arwinkim

member

Activity: 266

Merit: 10

Quote from: elpiji on August 05, 2018, 07:24:38 PM

currently only extoke exchange the only one exchange without fees trading, but this will only open within a few hours, so join in, I'm also curious whether extoke will free all fees or not.

Unfortunately, extoke exchange that scheduled to be open today had to be extended 24 hrs because they haven't completed their tests. This is a decentralized exchange though, and I don't plan to use it as my main dex. They do offer fee free trade but what bugs me that it requires a private key to make any trades. Safety is my priority.

audaciousbeing

hero member

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Merit: 569

Zero fee trading platform is a no no for me while I am not supporting those who chose to kill their customers with fees but to think that where would the platform raise money to pay for those in charge of ensuring the platform is safe and up to date, to pay their customer service agents to ensure that they are responding to queries as at when due. not including all sundry charges such as hosting, licenses, bank charges for those that allows fiat transactions etc. Not that those who charges fees cannot be hacked or get compromised but at least the assurance that they are able to afford necessary infrastructures through various fees levied is good for me.

astridwi

jr. member

Activity: 262

Merit: 2

trading is done a few people to get a huge income that is not free, there are payment for online trading. in logic only, nothing is for free to get a big income anyway. There are several trading should pay, when trading without the costs and the results obtained a great many possible people will have that access.

mrproblem

member

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Merit: 24

Quote from: OmegaStarScream on August 05, 2018, 03:03:52 PM

Here is a list of all exchange that have no trading fees (some of them may be restricted in some countries though): https://coinmarketcap.com/exchanges/volume/24-hour/no-fees/

Thank you very much for that link.
I have no info about that before.
The problem is these exchanges have low volume so this comes with high bids low asks

Topic: Zero Fee Trading? - page 2. (Read 536 times)