Bitcoin Forum

I heard many major exchanges will have a big fee structure adjustments programs recently, include bitstamp, bitfinex, lakebtc.

bitstamp've adjusted the deposit fee; btc-e deposit/withdrawal method are very much, but I have not heard the news about btc-e fee.

this seems to be a huge shock by China Exchange landing, expect a lower fee of each exchange.

As long as the exchange makes enough profits with these new fees to be financially healthy and does not need to run away with my coins, cheaper services are always welcome.

More efficient services always come from a good competition.

chinese exchange is coming, I can't imagine that daily trading volume over 100,000 per exchange for several weeks. More, a vicious competition with 0 fee, and its shady trading will be come.

even we can see "OKCoin Wants to Rule the International Bitcoin Exchange Market" on coindesk (http://www.coindesk.com/okcoin-global-strategy-regulation-wall-street/)

A vicious (dumping) competition is never welcome.

Well, I am not a "trader" anyway, so I don't really give much attention to the fees prices: whenever it is possible I tend to give preference to dealing with exchanges from my own country, because in case there are any problems it would be much easier to run for a solution.

Why would exchanges roll out changes at a similar time?

With a free market, you would think exchanges would always be lowering fees to try to get more customers.  It might take time but it should happen.  We just need more trustworthy exchanges, that's what I think is missing.  Why can't these exchanges get their acts together at the rates they are charging?

Too bad the western exchanges didn't take one out of China's book and give us 0% fees for some time. :-\

The Chinese exchanges either trade with their own funds, and trade against their clients, or are using customer funds for their own expenses (essentially stealing from customers in small amounts over time)

since

True...

I do not believe in free services. No one works for free. Two possibilities: dumping or scam (both are not good news, anyway)

0% fee model in China will keep fee low across all exchanges.

Too bad RMB is still a blocked currency, if not, they will probably kill all competitors out there.

If it were true, bitcoin will be over.

I suspect that exchange competition will ultimately drive per exchange fee's down to near-0 if not 0 at some point in time (in case of 0 obviously they would have to offer other premium trading services)...charting, stop-loss, optimus prime auto-bot, etc.

These exchange fee rates have not been adjusted for now?

If they want to adjust, then on a little faster, I can not wait for any more

Fee is already low compare to a year ago.

bitpay also prepared to adjust the fee:
http://blog.bitpay.com/2014/07/29/bitpay-s-new-plan-free-unlimited-forever.html

The Chinese exchanges have to make money some how. If they are not charging customers a fee then they are either trading against them (with inside information), somehow enlarging the bid/ask spread, or simply taking part of customers' deposits. Regardless of what they are doing they are making money in a much less transparent way then other exchanges.

Many non-mainstream exchanges had started to adjust the fee, you can see the discussion on reddit.com/r/BitcoinMarkets.

but the big four bitcoin exchange, bitstamp, btc-e, bitfinex, lakebtc, no action now

From the date of your posting has two weeks later, why has not yet appeared.

BTC-e has recently cut down their withdraw fees to Perfect money to 0% and USD deposit through Perfect money is now 7% which was at 3% before, also they have removed egopay from the deposit list but you can still withdraw to egopay with 0% fee.
 Can't understand where they are heading with all this.

Perfect Money on BTC-e is not real lower, fee 7% is very very high!

As long as I think  the exchange makes big profits ..

I never said its on lower side now..! before the 7% deposit fee there was 3% deposit fee and 1.5% withdrawal fee to perfect money in total 3%+1.5%=4.5% fee which is for sure 2.5% lower than what its now.

What are the costs associated with sending perfect money? Is it something that is very time intensive? I think 7% is a little excessive.

Everything should be free, everyone should give and it should be an honor to serve others for free. I vote: no more fee's, no more fee's.

i agree with u！

Everything free is a nice idea but it's not applicable anytime soon unfortunately.

each exchanger must be profitable, whatever the fee that they use.
because every day there are thousands of transactions.
so they are not going to make the trader away from their exchanger by applying high fee.

but Kraken making their fee higher  >:(