HOW is bitstamp still in business, 0.01 BTC fee on 1 BTC trade...WHAT THE HECK?

[BitcoinDistributor]

I was reading their rules and all of their fees round up to the nearest 0.01, instead of like other usual exchanges that are 0.00001 if necessary.

So that means any trade under 3 BTC or so, they're taking 0.01 BTC EVERY TIME!!!

Thats huge. If I make a buy for 0.25 BTC and they take 0.01 BTC thats 4%.



HOW IN THE WORLD IS BITSTAMP ACTUALLY BEING USED WITH THIS OUTRAGEOUS RULE?!?!?!?



Rule found on their page:

We kindly ask our users to take note on Bitstamp's policy regarding fee calculation. As our fees are calculated to two decimal places, all fees which might exceed this limitation are rounded up. The rounding up is executed in such a way that the second decimal digit is always one digit value higher than it was before the rounding up. For example; a fee of 0.111 will be charged as 0.12.

[pedrog]

That's in euros and dollars, not in bitcoin.

Means minimum fee is 1 cent dollar/euro.