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The trading commission is 0,8% (0,4% two ways), and it is lower the more you have volume. In addition, they have withdrawal fees. In addition to operational co
by jerguismi 12y ago
The trading commission is 0,8% (0,4% two ways), and it is lower the more you have volume. In addition, they have withdrawal fees.
In addition to operational costs probably fraud is also a big cost, but it is very difficult to estimate how big it is for them.
And, they don't exactly need to take it from their profits, they can just do fractional reserve... They are a bank, as are any bitcoin services that hold money for the users.
- tlb 12y agoHow is fractional reserve profitable except by loaning BTC with interest (which I don't think they do)?
- wmf 12y agoIt's probably more profitable than going out of business (which is probably what would happen if they admitted to being insolvent).
- justincormack 12y agoThey are not regulated as a bank, they cant "just do fractional reserve" which you entirely misunderstand. They would be stealing from their customers.