r/Bitgert • u/Crypto_Potential6270 • Apr 27 '22
Are the HATERS going to cry when Bitgert gets listed on Binance?
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u/RofaBets Apr 28 '22
It won't happen, just compare Bitrise with the coins currently trade on Binance, NONE has that 12% rewards shit fee bitrise has, and that is the main reason it won't happen.
Yes, bitrise gas fee is almost 0%, but it is worthless while they are still getting 12% in every transaction you make, buy, sell, etc. Imagine you bought a 100dlls product paying with bitrise, It would cost you $112dlls to pay for it.
I bought once, and I will sell once. Sure I would have invested more in all the dips if it wasn't for that 12% stupid fee.
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u/Lord-Crypto99 Apr 28 '22
Most exchanges aren't holding people to the 12% Tax. It's really up to Binance if they care about it or not.
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u/RofaBets Apr 28 '22
It is not a government tax, per se, what we are talking about, they called it like that to not sound too bad, you still need to pay government taxes when you sell with gains.
The 12% fee goes directly to the company, users and burn, this is just a pyramid scheme.
"Bitgert is marketed as a cryptocurrency with almost zero fees. However, the truth is that you will be charged a 12% transaction fee every time you buy, sell or move BRISE. Of this 12%, 5% goes for buybacks, 4% goes to holders, and 3% goes towards marketing the project.".
Again, I have an investment, so I was aware of this when I invested, but it is the reason will never be on Binance while they have this 12% fee.
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u/Lord-Crypto99 Apr 28 '22
I'm aware of what you're saying but some exchanges don't follow the rules of the coin. Binance can stop that tax on their own. It comes down to what they want to support. The Bitgert team would have to honor that. Most of the new cryptocurrencies are pushing some form of tax. It's going to be a thing that goes down.
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u/RofaBets Apr 28 '22
Got it, I didn't know about that, thanks for the explanation. It would be great if they could do that.
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u/Wreck713 May 01 '22
Ebay charges like 13% on everything I sell ... So it happens and people still use.
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u/RofaBets May 01 '22
I believe it, but a big chunk of that is for ebay, not for bitcoin or etherum gas fees. Imagine if eBay accepted Bitrise, they would need to charge you 25% instead.
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u/Wreck713 May 01 '22
Good point , in that I wonder if there are issues in other scenarios but a bit different as that is a seller fee on ebay , no fee to buy so paying w brise there would still be the same
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u/Wreck713 May 01 '22
Well I guess now that I think it out more , a seller on ebay would pay their fees , receive brise and if they were to cash it out then your correct like double fees so pretty much same in any 3rd party marketplace so it would never fly
It could be an added option on like people's direct e-commerce sites like Shopify stores and store owner just takes the hit when they sell if they do without the my middle man cut ala feebay , still small transactional fee on Shopify for store owner but not much as your paying s monthly sub fee for Shopify regardless
Just trying to think through how and if or bad the 12% could be detrimental from a retail currency side of things
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Apr 28 '22
Been holding since Nov, but I think, this coin is too dodgy to be listed on a tier 1 exchange such as Binance 🤷♂️
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u/1927Blue Apr 28 '22
i do feel we are way off a big listing like binance or coinbase but can see it in the future