n.exchange strives to perform all exchange operations in a decentralised manner and with minimum custody of customer funds. The system is designed to encourage customers to take custody of their own funds, and only to deposit those funds, into the hands of the exchange, when they intend do so, in full conscience.
This proposed approach is in complete contrast to the industrys current (common) practice, where customers are led to deposit their funds by default, and where withdrawing those funds is made as difficult as possible.
This is one of our strongest product principles - we call it ZeroBalance.
Although ZeroBalance is quantifiable to only 0, we strongly believe that this principle is one of our strongest value propositions. We also believe that it will protect the dig-
ital wealth of our customers, far beyond anything our competitors can offer.
Many exchanges have easy withdrawal but you need to pay a hefty amount.
So what I'm understanding with your exchange's proposition is you might have low withdrawal fee?
Is that right? Fast and cheap charges? Is that it?
And if so, what is the approx fee?
You got it right!
So, basically, current exchanges are excluding people from the market/increasing their profits in the following ways:
1. Minimal trade size, they want their fee to worth them a while.
2. Withdrawal fee with 2x - 5x markup over the actual cost.
With
n.exchange you have pay only a nominal markup on withdrawal (few cents), and there are no minimum limits where there is no reason to set such limits (for example, fiat deposits might have a minimum as we pay a fixed transaction fee to the provider).
Kind regards,
O.