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Topic
Board Service Discussion
Re: GAW / Josh Garza discussion Paycoin XPY xpy.io BTCLend LNC. ALWAYS MAKE MONEY :)
by
suchmoon
on 07/10/2015, 16:11:57 UTC
The last time I checked (~6 months ago) Cryptsy was bringing in a grand total of about 4 BTC per day in trading fees. And Paul Vernon says that Cryptsy has ~20 employees (I have heard as high as 30) in this "article". Where does the money come from to pay all those wages and rent for a big fancy physical office and such? What exactly are all these employees doing? Certainly not customer support, that's for sure.

They switched to charging withdrawal fees instead of trading fees. Just haven't decided yet if the fee should be 0.5% or 0.05% or maybe 5% or 50%.

https://www.cryptsy.com/pages/fees

Quote
Fees as of 09/20/2015

No Trade Fees on All Markets

0%, Zilch, Nada, Nothing. No trade fees, period.
Withdrawal Fees

Cryptsy charges a base fee which is typically aligned with the network fee imposed by each coin + 0.5%.

https://cryptsy.freshdesk.com/support/solutions/articles/173970-what-are-cryptsy-s-fees-

Quote
What are Cryptsy's Fees?
Modified on: Tue, 29 Sep, 2015 at 8:28 PM

Our fees for market trades are ZERO!

Withdrawal fees are .05% plus whatever the network transaction fee is for any specific coin