Is Xapo scam now? I have a few bucks there but its impossible to do something with them. Firstly, it asked me to verify my phone number, in a text message it told me that I cannot use it on the web and I have to download xapo app.
Then it asked me for a selfie... seriously?!! and when I have done everything and was trying to move out my money, it told "fatal error - cannot load fees"
I have a few bucks there
fatal error - cannot load fees
The transaction costs more than the "few bucks" you have in your balance.
Yeah, I was able to see more from my computer. So basically if I am using Electrum, transaction fee is around $5-6, but if I am using Xapo, transaction fee is $30
They need to keep high fees so their users get funds fast when withdrawing.
It's undestandable tbh. BTC wise, fees have remained the same, it's the $ price that is causing issues.
I'd suggest everyone withdraw from sites/services in general when BTC price drops, so you can save money on fees.