Post
Topic
Board Wallet software
Re: Where is the money coming from
by
Charles-Tim
on 05/12/2022, 21:47:02 UTC
If I sent 0.002 or 0.005 from wallet to binance for exchange, I only pay a transaction fees from my wallet while the exchange platform (binance)didn't charge me anything.
You want the platform to charge fee for deposit? Is their any exchange that charge for deposting coin? I have not used such an exchange before.

So I don't know where they are getting their profit and pay workers.
Binance get money from many means like trading fee, withdrawal fee (which is far more than the transaction fee), ads display for p2p, IEO  and mnay jther ways.

(https://i.imgur.com/8EX3Vc5.jpeg) (FORUM: disabled on this page for security.)
This is how wallet get their money from mining.
No. Noncustodial wallet do not charged from the transaction fee, the transaction fee is an incentive received by only miners, not wallet developers. You need to read what others poster like OmegaStarScream and ETFbitcoin posted.