/biz/ - Business & Finance

[Anonymous No.57082101]

What if i told you exchange offer whales (who are already rich) tons of money for them to "trade" on their exchanges and that most whales pay zero fees for trades, no fees for withdrawals, etc

Put it like this, if you actually make it in Crypto, it actually just gets even easier. Exchanges coddle the hell out of whales.

That said it is pretty funny that an exchange will charge a whale $0 to withdraw but charge some poorfag with $1000 trading account a $15 withdraw fee.

[Anonymous No.57082122]

>>57082101
the whales are taking way bigger risks by putting millions of dollars on some pos exchange. but yes, once you are a multimillionaire in crypto it takes an extra degree of stupidity to fail. having money in this space gives you disproportionate amounts of power

[Anonymous No.57082135]

>>57082101
I would be the biggest whale in crypto if I didn’t get house robbery’d for $2000 in 2011.

[Anonymous No.57082155]

>>57082101
What if I told you most “whales” are insiders of

[Anonymous No.57082156]

Yes I’m experiencing this right now, not an actual bitcoin or ethereum whale, but I’m a whale of a 150M mcap altcoin that got listed on a tier 1 exchange recently and I’m being treated like a king now, though I still have withdraw fees, but they’re much lower, I suddenly have zero fees on all trades on all pairs now. I wonder if these benefits will go away once I sell everything.

[Anonymous No.57082235]

>>57082155
Yeah I should be an insider, I had an opportunity to buy bitcoin at 2-3c but some dumb normalfag friends bankrupted me by stealing all of my paper money when I was getting only $5 a day for lunch.

[Anonymous No.57082298]

>>57082122
there is no risk. The coin cant dump without them.