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Author Topic: Bitcoin 7 - Transfer Fees  (Read 799 times)
elements
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July 24, 2011, 04:42:31 PM
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Hi, I was just checking out Bitcoins 7 again and I wonder why they have a transfer fee for withdrawing bitcoins of 0.01 BTC.

Seems to high: most of the exchanges offer withdrawal for free. If any the fee should not exceed 0.0005 BTC.

What do you think?

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July 24, 2011, 05:40:02 PM
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They probably don't want the hassle of people emailing then every 5 minutes asking "where is my deposit where is my deposit?!?! I will take your whole site down!!!"
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July 24, 2011, 05:53:36 PM
 #3

Hi, I was just checking out Bitcoins 7 again and I wonder why they have a transfer fee for withdrawing bitcoins of 0.01 BTC.

Seems to high: most of the exchanges offer withdrawal for free. If any the fee should not exceed 0.0005 BTC.

What do you think?

Make competition work.  If you think the fee is too high, don't use them or do not use that feature.  (only sell BTC for dollars there)  There are other exchanges out there that do not charge for this.

Ps - The fee is quite trivial if you are dealing in $100 increments. 

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