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Bitcoin is a complicated subject that can be hard to understand. It’s also a new concept that can be difficult to use. Strike is different in that we want to make trading Bitcoin easy. We want to provide you with a Bitcoin trading platform that’s simple to use, safe, and free of charge.
After Square saw an influx of new users after the company dropped its charge per transaction fee for using its debit card, and users were excited about the company’s decision to no longer charge fees for using the card. But, Square’s decision to drop the fees was met with a wave of criticism from the Bitcoin community, as many thought the removal of the fees would be a blow to the digital currency. However, Square didn’t entirely abandon fees, as they’re making a bid to compete with other Bitcoin trading platforms by offering no-fee trading.
Bitcoin has emerged as a digital currency that’s now worth more than $3 billion. Mike Dudas, a Canadian blogger and author of the book “This is Bitcoin”, has launched a new cryptocurrency trading site he promises will have no fees and will not charge for trading, although it plans to make money from charging users for services like data storage..
The announcement by Payment Platform Strike for ‘no fee’ payment transfers
Payment platform Strike has announced that starting today it will allow US customers to buy and sell bitcoins with virtually no fees.
In a statement from 1. In July, Strike founder and CEO Jack Mullers fired off a salvo against leading US cryptocurrency exchange Coinbase, claiming that its platform is the cheapest and easiest place on the planet to acquire BTC.
The move also puts Strike in direct competition with Jack Dorsey’s Square and PayPal, which began offering crypto-assets as part of its platform to US customers in November 2020.
The company has launched the Bitcoin tab, which allows people to buy bitcoins commission-free outside the market spread, it said in a statement.
The Chicago-based payments company said it would charge a maximum execution fee of about 0.3% for brokering BTC transactions and plans to lower it to less than 0.1% in the coming months as volumes increase.
Popular trading app Robinhood also offers commission-free trading of cryptocurrencies in some states. In the first two months of 2021, more than 6 million new customers bought cryptocurrencies on the platform.
Mullers lashed out at Coinbase, calling its inflated transaction fees ridiculous. He noted that in the first quarter of 2021, Coinbase had revenue of $1.8 billion and a profit of $771 million, 94% of which came from 3% commissions.
He was highly critical of the exchange’s free promotions, which allow users to receive a few dollars in altcoins for watching videos.
Make no mistake, if you buy bitcoins on Coinbase, you are supporting shitcoins.
Related: Coinbase could see commissions fall in the long term, says CEO
He also takes issue with PayPal, which he says has recently increased its fees and now charges merchants 3.49% + $0.49 for processing cryptocurrency transactions.
Mullers added that the goal is to get market prices as close to zero as possible, which would be in line with bitcoin’s ethos.
Our mission is to secure financial freedom for all, and we will not stop until we have achieved this goal for all 8 billion people on the planet.
According to Cointelegraph, Strike has partnered with the government of El Salvador to help launch Bitcoin.A while ago, a new virtual currency emerged which has since gained a lot of popularity. The currency’s popularity has, in turn, led to a host of problems and challenges, namely in the form of high fees for transactions. This has led to a plethora of chatter about the currency and the problems associated with it. Amongst all of this, a new company called Strike, has stepped forward and announced that it will be offering ‘no fee’ Bitcoin trading, making it the first company to do so.. Read more about coinbase vs binance and let us know what you think.
Read more about coinbase pro and let us know what you think.
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