Post
Topic
Board Altcoin Discussion
Re: can exchange services sell my personal data?
by
KuraJamban
on 08/08/2019, 22:08:21 UTC
Hello! What is an average fee you pay to crypto exchanger? I use changelly and pay just 0.25% and I think this is pretty weird. How do they make money? Sometimes I think that they sell users data and I'm thinking to pick another exchanger.
Ohh.. 0.25% is already much, for every complete order you know.
Imagine, in 1 hour there are 100,000 transactions happen. We assume that every transaction happen is above $50.
$50 x 100,000 x 0.25% = $1,250,000‬ just for paying fees.

I think this already enough to make exchanger rich by doing nothing in just 1 hour lol.