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/biz/ - Business & Finance

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10868593 No.10868593 [Reply] [Original]

Let's make an exchange biz
I have an idea that has never been tried before
Let's charge people a hidden fee if they leave their cryptos in our exchange and don't trade.

We'll call it a custody fee

>> No.10868613

what incentive would anyone have to actually use that garbage exchange

>> No.10868629

>>10868613
>what incentive would anyone have to actually use that garbage exchange
We'll offer no fee and tell them that our security is top-notch

>> No.10868847

>>10868629
soooo... a bank?

>> No.10868864
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10868864

>>10868593
cool idea. I am in on your scam. Where can I register for my dividends?

>> No.10868908

>>10868847
>soooo... a bank?
No? Because we use blockchain, you dummy!
Banks don't use blockchain!
>>10868864
It-it's not a scam mister!

>> No.10868925

Even better let's let people put in crypto that we will pay them a 5% interest compounded annually, and in return we can lend that crypto to other people/exchanges for a higher interest or invest it and pocket the returns

>> No.10868955

>>10868925
Or 0.03% which seems to be the going rate here in the EU.

>> No.10869071

>>10868925
fuck, that sounds amazing mate!
>>10868955
>Or 0.03% which seems to be the going rate here in the EU.
You can lend and borrow cryptos in the EU!?!