Quote from: daarul50 on December 14, 2019, 01:50:56 PM

Quote from: alyssa85 on December 11, 2019, 03:19:34 PM

Quote from: erricducducan26 on December 10, 2019, 07:35:17 PM

The crypto industry has yet to evolve from exchanges which are nothing more than digital banks in reality. A couple are taking bold moves to slash their fees but how many others will follow and how will it affect the wider crypto industry.

https://bitcoinist.com/why-crypto-exchanges-should-drop-their-fees-and-profit-margins/

The article criticises Coinbase and praises Poloniex for having zero fees.

The only problem with this: Coinbase is a solid exchange and Poloniex is crap.

The move from Poloniex to have zero fees is similar to what Cryptsy did before they did a runner. Zero trading fees (to encourage volume) and high withdrawal fees (to discourage withdrawals and make a profit from those who do take their money out).

It's not a good sign. You should always ask yourself how these exchanges make profits. Some are upfront by charging fees. Others are dodgier and are using your coins to trade while trying to discourage you from withdrawing.

that is pretty much makes sense.

could not agree more with you. there is a lot of problem with poloniex such as freezing user's account without valid reasons , a sudden maintenance, extremely poor support and manymore! that is why they have zero fee as they lack of professionalsm .
better to have some fee in an exchange but gives you a security rather than zero fee but you will feel insecure the whole time.

there is money , there is quality. don't blame if you get charged as it is for providing a better service , that's all.

Would prefer on this way and definitely choose it up rather than risking on using a service which you've known that have already some issues in the past upto present.
Going back to the days where Poloniex is one of the top exchangers but suddenly they ranked down when Circle decide to buy it and get involved into account blocking and
other service related which in result to that outcome.Now they're offering 0% fees? I highly doubt that this one wont buy out.