Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: elements on July 24, 2011, 04:42:31 PM



Title: Bitcoin 7 - Transfer Fees
Post by: elements on July 24, 2011, 04:42:31 PM
Hi, I was just checking out Bitcoins 7 again and I wonder why they have a transfer fee for withdrawing bitcoins of 0.01 BTC.

Seems to high: most of the exchanges offer withdrawal for free. If any the fee should not exceed 0.0005 BTC.

What do you think?


Title: Re: Bitcoin 7 - Transfer Fees
Post by: Meatpile on July 24, 2011, 05:40:02 PM
They probably don't want the hassle of people emailing then every 5 minutes asking "where is my deposit where is my deposit?!?! I will take your whole site down!!!"


Title: Re: Bitcoin 7 - Transfer Fees
Post by: Littleshop on July 24, 2011, 05:53:36 PM
Hi, I was just checking out Bitcoins 7 again and I wonder why they have a transfer fee for withdrawing bitcoins of 0.01 BTC.

Seems to high: most of the exchanges offer withdrawal for free. If any the fee should not exceed 0.0005 BTC.

What do you think?

Make competition work.  If you think the fee is too high, don't use them or do not use that feature.  (only sell BTC for dollars there)  There are other exchanges out there that do not charge for this.

Ps - The fee is quite trivial if you are dealing in $100 increments.