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Author Topic: XAPO going to charge fee for receiving small amounts.  (Read 255 times)
klf
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January 27, 2017, 01:34:16 PM
 #1

I searched this forum but couldn't find a thread about this topic so created new thread. If anyone got another thread let me know, I will lock this thread.

Today just saw this message on XAPO site.

It looks not a good for all those instant faucet sites and now they need to hold payments until user reach the minimum withdrawal limits.

For Wallet -

Incoming bitcoin transactions to your Xapo Wallet equal to BTC 0.00031023 or less are subject to a special processing fee of BTC 0.00020682 so as to cover the transaction cost of the bitcoin network. This special processing fee will be automatically deducted from the respective transaction.

For example:
If you receive more than BTC 0.00031023, no fee applies.
If you receive more than BTC 0.00020682 and up to BTC 0.00031023, then a fee of BTC 0.00020682 will be deducted. The amount to be credited will be the difference between the incoming amount and the processing fee.
If you receive less than BTC 0.00020682, then a fee equivalent to the amount received will be charged. In this case, the amount to be credited is 0.

For Vault -

Incoming bitcoin transactions to your Xapo Vault equal to BTC 0.00045646 or less are subject to a special processing fee of BTC 0.00030431 so as to cover the transaction cost of the bitcoin network. This special processing fee will be automatically deducted from the respective transaction.
For example:
If you receive more than BTC 0.00045646, no fee applies.
If you receive more than BTC 0.00030431 and up to BTC 0.00045646, then a fee of BTC 0.00030431 will be deducted. The amount to be credited will be the difference between the incoming amount and the processing fee.
If you receive less than BTC 0.00030431, then a fee equivalent to the amount received will be charged. In this case, the amount to be credited is 0.

More details you can find here - https://in.xapo.com/fees/

Edit - locking this thread because similar threads already there to discuss this topic.

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January 27, 2017, 03:04:09 PM
 #2

This news is late. But thats a bad news to xapo faucets lovers. Its very hard to collect sats at xapo faucets. And now they are going to charge you for using their wallet. I guess its time to get out at xapo faucets. Faucets are not profitable anyway. I have xapo wallet installed on my phone and its my first wallet i ever use. They are charging you for every transactions have been made. I just dont know how much.



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January 27, 2017, 03:07:20 PM
 #3

There is already a similar thread created by onlinedragon here in the forum:  https://bitcointalk.org/index.php?topic=1757939.0 Tho it's not as details as this thread is, I don't think a differet thread is necessary for the same topic.


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January 27, 2017, 03:09:37 PM
 #4

There is a  thread on this forum about Xapo charging fees, actually two with different titles. Better lock this one.
https://bitcointalk.org/index.php?topic=1766372
https://bitcointalk.org/index.php?topic=1757939.0

 

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