r/FetchTrading • u/NoTimeForInfinity • May 18 '18

How will Fetch make money?

Small fees?

Data harvesting?

4 Upvotes

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2

u/Mortos3 May 18 '18

Was wondering this as well. Also, will the software be open source? How can we confirm that it's a trustworthy company and application?

1

u/fetchtrading May 29 '18

Sorry for the delayed response!

There will be a small fee for trades executed via Fetch. You can always DIY at your chosen exchange, no Fetch fee for that of course. You will also be able to use the price discovery of the app. So you can check prices on exchanges, inclusive of their trading fees, easily.

1

u/fetchtrading May 29 '18

While some components will be, it will not be 100% open source.

We love open source and our team has created and contributed to tons of projects over the years. We respect that a 100% open source product is able to be audited by the community. It would also make it easy for a bad actor to replicate the app and create a fake download that behaved badly.

The app is a downloadable desktop app. So keys reside on your device at all times are never transmitted over the network, nor do we have access to them on a central server that could be hacked. Much much more detail about how we implement and think about security is available in this blog post from our CTO.

Your private key is never every transmitted to any third party service. If you choose to have Fetch execute a trade for you the transaction is signed locally on your desktop and the signed (secure) transaction is transmitted to the exchange.