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Title: Kraken making their fee higher? Post by: Josepht on August 07, 2014, 12:13:24 AM I just received a email from kraken telling me that they are introducing a new fee structure.
With this structure, I will have to pay a fee of 0,35% instead of the 0,20% I am paying now. That's an increase of 75%. Quite a lot in my opinion. What are your thoughts about this? Title: Re: Kraken making their fee higher? Post by: Fioraver on August 07, 2014, 02:11:09 AM This is against world trends, even bitstamp, lakebtc, and more exchange is ready to lower fee
Title: Re: Kraken making their fee higher? Post by: desticy on August 07, 2014, 03:17:23 AM This is against world trends, even bitstamp, lakebtc, and more exchange is ready to lower fee bitstamp had already cut down the deposits fee (although other exchnages is free on deposits >:(), and lakebtc has said for a long time for its fee structure change.you can see: https://bitcointalk.org/index.php?topic=708081.0 Title: Re: Kraken making their fee higher? Post by: asdlolciterquit on August 10, 2014, 07:31:37 PM I just received a email from kraken telling me that they are introducing a new fee structure. With this structure, I will have to pay a fee of 0,35% instead of the 0,20% I am paying now. That's an increase of 75%. Quite a lot in my opinion. What are your thoughts about this? uhm...kraken didn't send any mail to me. Need to check it out! Title: Re: Kraken making their fee higher? Post by: Keyara on August 10, 2014, 09:06:27 PM Their customers will most like move to another exchange due to fee increase.
Title: Re: Kraken making their fee higher? Post by: hyipworld on August 11, 2014, 06:04:52 PM I just received a email from kraken telling me that they are introducing a new fee structure. With this structure, I will have to pay a fee of 0,35% instead of the 0,20% I am paying now. That's an increase of 75%. Quite a lot in my opinion. What are your thoughts about this? uhm...kraken didn't send any mail to me. Need to check it out! Title: Re: Kraken making their fee higher? Post by: Josepht on August 11, 2014, 10:02:45 PM I just received a email from kraken telling me that they are introducing a new fee structure. With this structure, I will have to pay a fee of 0,35% instead of the 0,20% I am paying now. That's an increase of 75%. Quite a lot in my opinion. What are your thoughts about this? uhm...kraken didn't send any mail to me. Need to check it out! Title: Re: Kraken making their fee higher? Post by: Cortex7 on August 11, 2014, 10:30:49 PM Without doubt it will trigger some users to move exchange.
How many, that's the question. High frequency traders will be hit hardest. Lower frequency traders will not mind as much. Many traders prefer to hold account with the exchange rather than incurring constant deposit/withdrawal fees and hassle. And so they value exchange integrity highly. If I had to chose an exchange to store coin/fiat in for an extended period I would still chose Kraken. Ver and Powell spare no expense with regard to security and public transparency. I believe it is the exchange which has the least chance of being "goxxed". So from the perspective of a low to medium frequency trader who doesn't want to worry about their deposit security it still remains a strong choice in my opinion. But twitch traders with a relatively modest account, will prefer other exchanges, offsetting the reduced security and transparency against the lower fees. |