Quote from: manchester93 on August 12, 2017, 06:30:29 AM

I imagine there is a market for it. How much liquidity will appear will, of course, depend on your ability to market the exchange and perhaps made deals for 0% withdrawal fees for liquidity providers. I'm interested, personally. Good luck.

Thanks, I'm still brainstorming ideas, when I used to trade on Huobi I remember they had some really unique features for withdrawals, for example I believe you could buy a package for a fixed price that allowed you a certain number of withdrawals without fees, there was a bunch of different packages but the more you bought in "bulk" the cheaper the withdraws were

Quote from: el kaka22 on August 12, 2017, 08:32:16 AM

It is not sounding as good idea as it seems you are missing out your big income stream.

Yeah, the withdrawal fee might have to be higher than 0.1%, I'm still researching the fee structures of other no-trading fee exchanges, in the first few months starting out, I'm just looking to make enough to be able to pay the costs of hosting, to break even essentially. https://coinmarketcap.com/exchanges/volume/24-hour/no-fees/

Quote from: romani245 on August 12, 2017, 08:34:06 AM

The market leading Chinese exchanges (Okcoin and Huobi) did this for years. No fees for trading (creating incredible churn and volume), but fees for withdrawals. I have no idea how successful it was from a profitability standpoint, but I believe they only stopped after being pressured by the government earlier this year.

It seems to have paid off for them, Okcoin and Huobi are still both exchanges with some of the largest trading volumes, but I think the no-fee model has been why volume's been driven so high, the new policy of adding trading fees has only been in effect since January.

What this also did was helped out the smaller Chinese exchanges

Quote

In the aftermath of the big exchanges adding trading fees BTC100 and CHBTC two China-based marketplaces, have climbed to the number one and number two spots in trading volume, according to CoinMarketCap figures and the companies' websites.

BTC100, which came out on top, enjoyed more than 36,000 BTC in volume over the last 24 hours, and CHBTC, the runner up, saw roughly 29,000 BTC of transaction activity in this time.

Quote from: mjglqw on August 12, 2017, 10:01:14 AM

Anyway, you said that one of your "niche" would be to add more trading pairs for Tether(USDT). This is a nice feature, since I don't think most exchanges have this. If I'm not wrong, most exchange sites only has BTC:USDT, ETH:USDT, and LTC:USDT.

Looking at data from CoinMarketCap, there's a total of 5029 exchanges, only seven of them have Tether pairs, so I'd certainly still be one of the very few exchanges that have it.

Quote from: mjglqw on August 12, 2017, 10:01:14 AM

Also take into consideration that what if, shortly after your exchange site is up, the top exchanges also implemented more trading pairs for USDT? How would you drive people to use your service then?

Yes, I've thought about this, I think it's unlikely though, I guess the only other incentive to use my exchange would be no trading fees

Quote from: xIIImaL on August 12, 2017, 12:00:52 PM

I use LBC for the past two years but in recent days they have added fees for depositing it the exchange wallet. Please let me know the wallet can be used in middle east region to exchange it for fiat without depositing fees.

For now the closest thing I plan on having is Tether, what you could do is sell your bitcoin for Tether, and then transfer it to the Tether official website and cash out. I know there's certain countries they don't support however https://tether.to/faqs/