131 sats \ 2 replies \ @sasasuina 25 Aug \ on: Meet CoinOS on Monday, August 26, 2 PM PST/5 PM PST AMA
Hi Coinos team, I registered a few days ago and found your platform to be very user-friendly. I really enjoy using it!
I have a question about your revenue model. It's crucial to have a sustainable revenue stream. The website mentions that "Over 500 businesses worldwide are accepting bitcoin with Coinos." Do you plan to charge a fee for this service?
We actually have almost 600 businesses using us now because word is spreading very fast how easy and beneficial it is to use our wallet.
Our revenue model is small, and that's how we want to keep it at this time to expand our user-base. We want people to resort to using us first, which is happening more and more.
Since we're a web-app without needing to download from any app store, it makes the onboarding process so much easier.
Our fees are the lowest in the world (0.1% conversion fee only when you withdraw from Coinos to an external onchain Btc or liquid wallet).
You do not incur any fees from Coinos is if you withdraw from Coinos to an external lightning wallet.
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Yeah and I'll add this isn't a "if you don't pay for it then you are the product" kinda deal, we just really want more people to use Bitcoin and are giving away Coinos as an essentially free and open source service to contribute to spreading adoption.
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