Bitstamp - Fees increased by at least 100%

[Docnaster]

Bitstamp was one of my favorite exchange because it is really reliable and the fees were honest, but now it's too much, and they didn't even directly warn their customers.

By honest you mean dirt cheap?
It made sense back when Bitcoin was new and tx fees, regulatory, legal fees etc didn't eat into the company's revenue so much.
Now that they have the Korean money as many are suggesting and just coming out of the down markets, I don't think the new fees are unreasonable at all.

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[jbdee]

Bitstamp was one of my favorite exchange because it is really reliable and the fees were honest, but now it's too much, and they didn't even directly warn their customers.

By honest you mean dirt cheap?
It made sense back when Bitcoin was new and tx fees, regulatory, legal fees etc didn't eat into the company's revenue so much.
Now that they have the Korean money as many are suggesting and just coming out of the down markets, I don't think the new fees are unreasonable at all.

They send BTC by batches, so just check real withdrawal fee for your withdraw in the batch, it's not 0.0005 BTC.
Even if you send BTC without batch, you don't have to pay that much.
And for other crypto too.
An honest price would be the real transaction price, even with some % on it, it would be fair.

SEPA transfers between European banks are usually free, Bitstamp still uses the same bank, I'm pretty sure it's free, at least not 3 EUR.

They should have warned their users before change the fees like this so the users could withdraw and leave the exchange without getting fucked.

0.5% trading fee for maker and taker, reasonable?

[sdjmlsdjgqkjgqmljg]

Hi,

I just wanted to make a trade and saw the 0.5% fee, that is what brought me here.
It is just disgusting to see what they are doing. In their terms of use is written:

"Bitstamp Commissions are available in our Fee Schedule. Bitstamp reserves the right to change its Commissions at any time and at its sole discretion. You will be notified of any changes in advance through your Account or Email. Upon such notification, it is your responsibility to review the amended Fee Schedule. Your continued use of the Site following the posting of a notice of Commission changes signifies that you accept and agree to the changes."

Well, I haven't been notified.

So besides Kraken, any other exchanges with interesting trading fees?

[squatter]

I just wanted to make a trade and saw the 0.5% fee, that is what brought me here.
It is just disgusting to see what they are doing.

So besides Kraken, any other exchanges with interesting trading fees?

Kraken and Coinbase Pro seem to have the most competitive fees for major fiat exchanges. Coinbase Pro is slightly better at the lowest tiers, but it's a similar maker/taker structure.

Binance.com has lower fees -- 0.1% or 0.075% depending whether you're holding BNB or not -- but there are no real fiat pairs there, only stablecoins like Tether and USD Coin.

[jbdee]

I havn't be notified neither, that's why I'm mad!

Yes, the best now, for me, are Liquid (use my affiliate link please) and Coinbase Pro. Liquid is the cheapest exchange I know.

[sdjmlsdjgqkjgqmljg]

Well, it proves what a dishonest exchange this is. And I don't mind that!  It is owned by an investment company now, they want to make cash!
I moved 80% of my funds today, leave some for flash crash opportunities, I think the money is safe, not expecting an exit scam, for now!

I had a look at Binance, my eyeballs fell out of my head almost, very exhausting!

[jbdee]

Coinbase is doing same for the trading fees, 0.50% too, instead of 0.25%/0.15%:
New fees: https://blog.coinbase.com/updates-to-coinbase-pro-fee-structure-b3d9ee586108
Actual fees: https://support.pro.coinbase.com/customer/en/portal/articles/2945310-fees
At least they sent an email, but just few days before

[figmentofmyass]

Coinbase is doing same for the trading fees, 0.50% too, instead of 0.25%/0.15%:
New fees: https://blog.coinbase.com/updates-to-coinbase-pro-fee-structure-b3d9ee586108
Actual fees: https://support.pro.coinbase.com/customer/en/portal/articles/2945310-fees
At least they sent an email, but just few days before

damn it! i love how they word this---

On Monday, October 7, 2019, at 5:00 pm PT, Coinbase Pro will implement a new fee structure designed to increase the depth and liquidity of our markets.

right, jacking up the fees on their retail traders (<$50k monthly volume) is designed to increase liquidity. obviously they wanted to lower fees for market makers but they didn't want to give up any profits. so they passed the costs on to the little guys.....

it's almost as if they are trying to drive us to binance.us---no fees until november and 0.1% fees thereafter. too bad liquidity is so bad on their BTC/USD market.

[jbdee]

They also said:

In order to respond to client needs

Sure, we need more fees please!

And they dare to say:

This latest update will slightly increase fees for lower-volume customers

"Slightly", maker fee increases by 100% and taker fee increases by 233%, maybe we don't have the same definition of "slightly"  

[jbdee]

And now, Liquid's turn...
https://help.liquid.com/en/articles/3297510-withdrawal-fees
Fee on NEO, wtf...