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Author Topic: Xapo starting to charge outgoing transaction fees  (Read 1802 times)
CriptoIngresos
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October 17, 2017, 01:11:05 AM
 #41

their decision to give fees is reasonable but the fees is too high just for small transaction i sent 0.002 btc from xapo to other address the fee is 0.0014 btc although they give higher fee to the miner than that amount but for me 0.0014 btc is too high so from now i am quit from xapo Sad

As I am a "Dust-bug" this makes Xapo useless for me. Fees are prohibitive. End of Xapo for me.

Just now I checked to send 0.05 BTC they are asking to pay minimum 0.00184391 and for faster transaction fee is 0.00274439. It is almost equal to 4.5USD or 6.5 USD for faster withdrawal fee to send just 115 USD. It has become a worst than sending money through Paypal. Their charges are very high and not giving options to choose lower fee for the people who can wait long to receive funds. Yes, it is no more attractive to use their wallet for a daily transaction, but I'm using their debit card to withdraw only cash.

Recently seems like it's just getting worst. Right now the fees for low transactions are around 180k satoshis which in most cases are even bigger than the transaction itself, the problem gets even worst when you had several wallets with low amounts and try to send them to a non-xapo address. Researching for a not-so-expensive option at the moment seems like the best idea.
Ewox
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October 17, 2017, 01:53:53 AM
 #42

their decision to give fees is reasonable but the fees is too high just for small transaction i sent 0.002 btc from xapo to other address the fee is 0.0014 btc although they give higher fee to the miner than that amount but for me 0.0014 btc is too high so from now i am quit from xapo Sad

As I am a "Dust-bug" this makes Xapo useless for me. Fees are prohibitive. End of Xapo for me.

Just now I checked to send 0.05 BTC they are asking to pay minimum 0.00184391 and for faster transaction fee is 0.00274439. It is almost equal to 4.5USD or 6.5 USD for faster withdrawal fee to send just 115 USD. It has become a worst than sending money through Paypal. Their charges are very high and not giving options to choose lower fee for the people who can wait long to receive funds. Yes, it is no more attractive to use their wallet for a daily transaction, but I'm using their debit card to withdraw only cash.

Recently seems like it's just getting worst. Right now the fees for low transactions are around 180k satoshis which in most cases are even bigger than the transaction itself, the problem gets even worst when you had several wallets with low amounts and try to send them to a non-xapo address. Researching for a not-so-expensive option at the moment seems like the best idea.

They made it into a business most specially when Bitcoin price went up. That's why I let go of xapo already, I used to like this site and now it has lots of issues already and people are always complaining about the transaction fees which is higher than the amount they would want to withdraw.
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