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Conversation
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When the product is free, you are the product
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Selling of your user data, transactional info, and advertising. Pretty much the same as what we have seen for the past decade
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ShapeShift doesn’t sell user or transaction data, and has no advertising.
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Can't speak for ShapeShift but this is how most "0 fee" brokers work: The fee is built in to the price you're quoted. Notice the $15 gap between the broker's buy/sell price (right) vs the $0.10 gap on a real exchange order book (left). Broker can mark up/down exchange price.
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Depends on how you define "commission" but it seems to be accepted at the major US stock brokers, at least. If I buy a hat for $5 and sell it to you for $7, should I say the fee is $2, or can I say it's $0 fee and it's not your concern what my margins are?
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ShapeShift isn't making money on the spread either, for holders of the FOX token. The spread revenue is how ShapeShift has made money in the past, but for FOX holders that's even gone now.
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Love the new fee structure as a customer, but how will ShapeShift make money?
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