Zero Fee Trading? | Bitcointalksearch.org

cryptoblazter

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

Armadeus

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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?

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

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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

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Quote from: jorgelugra on August 06, 2018, 03:52:19 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

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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

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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

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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

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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

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Quote from: Alpacera on August 06, 2018, 07:10:03 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

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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

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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

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

maninas

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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

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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

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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, 02:03:52 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

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Quote from: elpiji on August 05, 2018, 06:24:38 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

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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

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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

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Quote from: OmegaStarScream on August 05, 2018, 02:03:52 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

joniboini

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If you have time to wait for a new exchange, then ETERBASE might be one of your options. However, you'd have to be a premium member first. You can read more about ETERBASE here: https://www.eterbase.com/.

RAMSHIVDEEPAK

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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.

Aizhen05

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Quote from: turkandjaydee on August 05, 2018, 10:49:27 PM

Quote from: Mahanton on August 05, 2018, 02:31:12 PM

Quote from: BitMaxz on August 05, 2018, 02:07:56 PM

I never heard that there is a safe exchange site with no fee. So, I advise you to trade in some trusted exchange sites with a low fee like Cryptopia, Bittrex, and Binance.

I recommend you choose Binance because they had 50% trading fee discount for the 1st year.

You can check this discount from their support area here Binance Launches New Tiered Trading Fee Discount Program and Adjusts BNB Discount Rate

Even with Bitmex had no fee i do still have some doubts on using it. I was shocked when i saw the volume trade for the last 24 hours which is currently on rank 2 on all exchange when it comes to volume.
Due to that 100x leverage which do give out some interest- Just a presumption though. As omegastarscream given about on those links you can search up for those exchange who do have zero fee but same as advised on the dude above never do easily entrust too much.

Bitmex doesnt have any fees on 1x trade (normal trade), but there are some fees if you want to trade with a leverage there.
Check it here https://www.bitmex.com/app/fees#Traditional-Futures

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. There's a lot of popular and trusted exchange here that you may choose like binance and bittrex etc.

zanezane

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They say good things in life are free but not with trading. We all want to have zero fees as we trade more often but unfortunately we don't see good sites that offers zero fees thus just the low volume sites offer this to attract more traders. But how you can have a good profit of you go on low volume sites? Just come to think of it. Just look with small fees but not with zero fees.

turkandjaydee

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Quote from: Mahanton on August 05, 2018, 02:31:12 PM

Quote from: BitMaxz on August 05, 2018, 02:07:56 PM

I never heard that there is a safe exchange site with no fee. So, I advise you to trade in some trusted exchange sites with a low fee like Cryptopia, Bittrex, and Binance.

I recommend you choose Binance because they had 50% trading fee discount for the 1st year.

You can check this discount from their support area here Binance Launches New Tiered Trading Fee Discount Program and Adjusts BNB Discount Rate

Even with Bitmex had no fee i do still have some doubts on using it. I was shocked when i saw the volume trade for the last 24 hours which is currently on rank 2 on all exchange when it comes to volume.
Due to that 100x leverage which do give out some interest- Just a presumption though. As omegastarscream given about on those links you can search up for those exchange who do have zero fee but same as advised on the dude above never do easily entrust too much.

Bitmex doesnt have any fees on 1x trade (normal trade), but there are some fees if you want to trade with a leverage there.
Check it here https://www.bitmex.com/app/fees#Traditional-Futures

metribitcoin

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Exchange that has zero trading fee is Cobinhood but this exchange has low trading volume and we can not get high liquidity. Other exchanges is Okex but only in trading pair OKB, and also exchange of Tokenomy but only in trading pair TEN. If you want to use exchange with high trading volume with lowest trading fee , so you have to chooce Binance because they offer only 0.05% trading fee if you hold BNB coin.

elpiji

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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.

valheru

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I do not recommend to trade at the exchange market which is don't take a fee, it seems unsafe. What is the purpose of this job already? If these sites do not charge you during the transaction, which profit do they do? What are they making a profit without taking an advantage? I think it is unreliable to trade at a no-fee exchange market.

Mahanton

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Quote from: BitMaxz on August 05, 2018, 02:07:56 PM

I never heard that there is a safe exchange site with no fee. So, I advise you to trade in some trusted exchange sites with a low fee like Cryptopia, Bittrex, and Binance.

I recommend you choose Binance because they had 50% trading fee discount for the 1st year.

You can check this discount from their support area here Binance Launches New Tiered Trading Fee Discount Program and Adjusts BNB Discount Rate

Even with Bitmex had no fee i do still have some doubts on using it. I was shocked when i saw the volume trade for the last 24 hours which is currently on rank 2 on all exchange when it comes to volume.
Due to that 100x leverage which do give out some interest- Just a presumption though. As omegastarscream given about on those links you can search up for those exchange who do have zero fee but same as advised on the dude above never do easily entrust too much.

BitMaxz

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I never heard that there is a safe exchange site with no fee. So, I advise you to trade in some trusted exchange sites with a low fee like Cryptopia, Bittrex, and Binance.

I recommend you choose Binance because they had 50% trading fee discount for the 1st year.

You can check this discount from their support area here Binance Launches New Tiered Trading Fee Discount Program and Adjusts BNB Discount Rate

OmegaStarScream

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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/

robresno

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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?

Topic: Zero Fee Trading? (Read 564 times)