Questions tagged [fee-free]

ShintoSpirit Mon Jul 15 2024 | 7 answers 1193

In the ever-evolving world of cryptocurrency, a question often arises regarding the cost structure of crypto exchanges. Are they truly "fee-free" or "commission-free", as some might advertise? Let's delve deeper into this question. Firstly, it's important to understand that most crypto exchanges do not operate without some form of financial compensation for their services. While some platforms may offer limited promotions or discounts, claiming to be entirely "fee-free" or "commission-free" is often an exaggeration. Typically, exchanges charge for various activities, such as trading, deposits, withdrawals, and other transactions. These fees can vary greatly from platform to platform, and it's crucial for investors and traders to carefully review an exchange's fee schedule before using their services. In reality, very few, if any, crypto exchanges operate completely without fees or commissions. So, when considering a crypto exchange, it's important to determine the true cost of using their platform and compare it to others in the market.

Riccardo Mon Jul 08 2024 | 7 answers 1424

Could you elaborate on the concept of a zero-fee cryptocurrency? I'm particularly interested in understanding how such a cryptocurrency differs from traditional cryptocurrencies that charge transaction fees. Specifically, I'd like to know if there are any trade-offs associated with zero-fee cryptos, such as potential limitations in scalability or security. Also, could you provide some examples of zero-fee cryptocurrencies that are currently in circulation and how they have been received by the market?