Ninjastic
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Re: Bitstamp issues statement and temporarily suspends service
by
singular
on 09/01/2015, 01:59:22 UTC
Quote from: mayax on January 09, 2015, 12:20:35 AM
Quote from: Rampion on January 09, 2015, 12:01:57 AM
Quote from: mayax on January 08, 2015, 11:08:39 PM
many people forget that Bitstamp "reserve" it's the client's Bitcoin.

Pretty much this. People forget customer's money is NOT a Bitstamp asset. They have to cover up the losses from their income, which is based on trading fees.

I may add...and not only on trading fees. You cannot make millions from 0.03%. This is like free so they have other source of making money from this biz; maybe the price difference... Smiley

Fees are from 0.4 to 1% at bitstamp (buyer and seller pay from 0.2-0.5%), they generate majority of the profits, check volume and you will see, so they can cover loss with that.