Bitbay including many exchanges offer fees rebate of around -0.02% when we place market orders, but 0.07% of were “takers”. My question is how is bitbay able to stay profitable after rebating the fees? And even then, why do they do it? When everyone is taking fees, they rebate you the fees.
I dont think there would be many takers on the platform as the fees are too high compared to ither exchanges.
Should i get concerned off any potential hacks or exit scams if i trade there as i mostly daytrade crypto