Latoken will charge you 5USD monthly, if you are not active.

[shadowdio]

Lol this is not right, charging 5 usd a month because you are not active? well they proven that exchange is a shitty and most of the coins there were also shitty coins. Users must abandon that exchange because we never know they will turn scam soon. What a crazy exchange.

[1715535886]

1715535886

[1715535886]

1715535886

[stompix]

~

I see it the same way, and I am frankly surprised that Exchanges did not start covering their running costs through user fees (apart from trading fees) much earlier.

They did, latoken is not the only one:

coindirect
https://www.coindirect.com/terms

You must not use your Digital Currency Wallet for the purpose of storing Digital Currency. Where any Digital Currency in your Digital Currency Wallet is not used for a period exceeding 90 (ninety) days, Coindirect may charge and obtain from you an Inactivity Fee of EUR 5.00 per month (or the equivalent in your Local Currency), which shall be collected from the Digital Currency held in your Digital Currency Wallet.

coinsbank
https://coinsbank.com/fees

Inactive account maintenance
49.95 EUR (or equivalent) per month

crypto.com

Inactivity fee 12 months  5£

And.......drumbeats....

Bitfinex
https://www.bitfinex.com/legal/terms

9. Inactivity Fee: Where you have not traded on the Site or engaged in any funding activity on the Site for an uninterrupted period of one year, Bitfinex thereafter reserves the right to charge and obtain from you an inactivity fee of $5.00 per month, with or without notice to you.

But as I said before, nobody reads the terms!

[timmmers]

~

I see it the same way, and I am frankly surprised that Exchanges did not start covering their running costs through user fees (apart from trading fees) much earlier.

They did, latoken is not the only one:

coindirect
https://www.coindirect.com/terms

You must not use your Digital Currency Wallet for the purpose of storing Digital Currency. Where any Digital Currency in your Digital Currency Wallet is not used for a period exceeding 90 (ninety) days, Coindirect may charge and obtain from you an Inactivity Fee of EUR 5.00 per month (or the equivalent in your Local Currency), which shall be collected from the Digital Currency held in your Digital Currency Wallet.

coinsbank
https://coinsbank.com/fees

Inactive account maintenance
49.95 EUR (or equivalent) per month

crypto.com

Inactivity fee 12 months  5£

And.......drumbeats....

Bitfinex
https://www.bitfinex.com/legal/terms

9. Inactivity Fee: Where you have not traded on the Site or engaged in any funding activity on the Site for an uninterrupted period of one year, Bitfinex thereafter reserves the right to charge and obtain from you an inactivity fee of $5.00 per month, with or without notice to you.

But as I said before, nobody reads the terms!

Well, that is crazy. They think that there are not many competitors so they can do that without loosing their clients... but this will not lead into any action, people will move their funds to another exchange and thats all.

[WSDN]

Lol this is not right, charging 5 usd a month because you are not active? well they proven that exchange is a shitty and most of the coins there were also shitty coins. Users must abandon that exchange because we never know they will turn scam soon. What a crazy exchange.

I have never trusted this exchange, and when I heard the news of charging $5 per month, I did not want to participate because the rules at the exchange here are so bullshit. Also, the coins listed in there are no liquidity and almost no traders, so it's best to stay away. The best advice should only be to choose exchanges with large liquidity Binance or MXC to invest because these exchanges are very good for users in this market.

[bitgoldpanther1978]

Be careful guys, those who hold funds on Latoken exchange and not trading, you will be charged 5USD monthly.
Look they officially send it through email and confirmed on Telegram.





I think that they officially bury themselves.

I am not using Latoken anymore, since I discovered that most of the token listed to their platform came from the ICO or IEO after 1 month
or 2 months the price of the coins will be dropped until it become once of the shit coins or zombie coin. I am not against to this platform,
I just don't like the system they are implementing unto it.

[robelneo]

I just wished that those tokens that are on my wallets and waiting or looking to be listed on exchange will not pick LATOKEN I have not used my account for a year now and will not intend to use this risky exchange, I think they have done this because they are not making a good profit because of the bad reputation they had now.

All new tokens and old ones better not choose this exchange or your project will be ruin.

[Zackgeno96]

Be careful guys, those who hold funds on Latoken exchange and not trading, you will be charged 5USD monthly.
Look they officially send it through email and confirmed on Telegram.





I think that they officially bury themselves.

I have used this exchange in past and it used to be one of those exchanges with a good support team and also having a decent trading volume of newly launched coins. But now as they have said that they will charge their inactive users a monthly fees, it feels very greedy on their part as they are getting enough trading fees from their active users that they can run their operations smoothly and now they will be charging users a monthly fees. I strongly believe that this idea might backfire and a lot of active users can also leave the exchange.

[Timmzzy]

Be careful guys, those who hold funds on Latoken exchange and not trading, you will be charged 5USD monthly.
Look they officially send it through email and confirmed on Telegram.





I think that they officially bury themselves.

I also got the email, now my say here is $5 not too much of a tasks and secondly is it $5 in total of all the tokens held there or its $5 per each coin that's in one's Account been hold? I don't even recommend keep my tokens in an exchange for future reference.

[pakhitheboss]

Be careful guys, those who hold funds on Latoken exchange and not trading, you will be charged 5USD monthly.
Look they officially send it through email and confirmed on Telegram.





I think that they officially bury themselves.

Do they consider themselves as a bank wherein you need to pay a bank to keep your money safe. It is better to leave such ludacris exchange and move to another.

Also, if any one has cryptocurrency stored on karlien it is better to transfer them to your personal wallet for security reason because they might now block your account untill the fine is paid.

[alan2here]

I don't think Latoken will charge you 5 USD a month It's never possible it's extremely risky to trade. the probabilities of loss are above the monthly charge we've to trade very carefully. within the case of exchanges there are many sitcoins that manage everything as they want and make many barriers to transactions. i exploit Binance and Bittrex to exchange it's better to remain faraway from these sites.

I haven't heard of any exchange that charges a 5$ monthly transaction fee if they don't trade. This is a really bad idea, and it will only make investors here feel more disappointed.

I used to have some coins at Latoken, but all were mainly from bounty campaigns. I think good exchanges like Binance or Huobi will often be options that people should consider and best leave the Latoken exchange.

[Paycoinzzz]

What will happen if user have balance more than 0, but less than 5$ ? He will have a negative balance then?  

Anyway that is the great way to officially steal funds. Lots of airdropped or small projects altcoins are often traded on Latoken. Sometimes altcoins value is so small, than it is impossible to withdraw them. Now these funds can be officially "taken" from users account. Great.

Yes and this is the first time I've seen such a case. That is to say, this is an exchange that is short of money and wants to eat users' money in a cheap way. This is not one of the exchanges of professional exchanges, this is like they are digging their own grave. For the first time in my life I saw such an unprofessional business, too bad.

[el kaka22]

While all exchanges trying to steal customers from each other by adding more features and making it less trading fee's and competing on withdrawal fee's and basically everything they can do to keep earning money while getting as many traders as they can, this place decided on the opposite.

They are basically telling people to leave, I could put my money on binance, the biggest exchange in the world and not have to spend a single dime there whereas these guys are saying I have to trade or I will have to pay them money, that is a reason not to stay there if I am not trading for a while. Hell even if I am trading, just because they are doing something like this that upsets me, I could still move to another place. This is a wrong move no matter how you look at it.

[culuuton]

Be careful guys, those who hold funds on Latoken exchange and not trading, you will be charged 5USD monthly.
Look they officially send it through email and confirmed on Telegram.





I think that they officially bury themselves.

If I am storing coins on Latoken, I will transfer them to another place immediately. The problem isn't simply $5/month, it is a sign that they are having financial problems, we will face high risks when trading here. Really, they are trying to cancel the future of this exchange, their way is too greedy.

[mbahokey]

I have some eth and usdt balance on latoken, I have held it since three months ago, also I rarely been active on latoken since the pandemic outbreak. Until now my balance is still the same amount, not reduced. Maybe I should ask to the support center directly for clarification about this issue

[michellee]

I have some eth and usdt balance on latoken, I have held it since three months ago, also I rarely been active on latoken since the pandemic outbreak. Until now my balance is still the same amount, not reduced. Maybe I should ask to the support center directly for clarification about this issue

I think you should withdraw your funds before Latoken charge you $5 for their services. I don't think that is a great idea to apply some fees for an inactive account because traders will have their freedom to use any exchanges to trade. You don't need to ask to the support centre, but you can move your fund before it's too late, and you should pay the fee. I prefer to move my funds to another exchange which don't use any fee.

[tvplus006]

In any case, this is negative information. But it is obvious that the exchange cannot earn enough money on the commission and listing fees. And now the Latoken team is thinking of earning $ 5 from those who have long refused to trade on It, but did not withdraw their cryptocurrency from the exchange.

[DarkDays]

This is a common practice among traditional asset brokers and exchanges, however I've recently see that cryptocurrency companies are not beginning to implement a similar feature.

I guess they're trying to penalize the people that are just using the platform as an online wallet, rather than actually doing any trading.

Another exchange that has a similar policy in place is exmo.com.

Though as far as I can tell, the $5 is only a one off fee after being inactive for 6 months. Not quite as bad as $5/month.

https://exmo.com/en/docs/fees

Quoting the exact paragraph below;

"If during 6 (six) calendar months the User does not make a single: Transaction, Deposit, or Withdrawal of Funds, the Account of such a User is considered an Inactive Account. The fee for the inactivity of the Account is the equivalent of 5 (five) US dollars at the current spot rate of the US dollar to the Currency in which the commission is debited. The Account ceases to be considered an Inactive Account from the date of any of these listed actions: one Transaction, Deposit, or Withdrawal of Funds."

[rexxarofmoknathal]

I have some eth and usdt balance on latoken, I have held it since three months ago, also I rarely been active on latoken since the pandemic outbreak. Until now my balance is still the same amount, not reduced. Maybe I should ask to the support center directly for clarification about this issue

I think you should withdraw your funds before Latoken charge you $5 for their services. I don't think that is a great idea to apply some fees for an inactive account because traders will have their freedom to use any exchanges to trade. You don't need to ask to the support centre, but you can move your fund before it's too late, and you should pay the fee. I prefer to move my funds to another exchange which don't use any fee.

What a load of crap from Latoken. They should have foreseen this would have a negative impact on their reputations and it will slam on their users. The only reason I can immediately think this is happening is that they must not have enough traffic and this might have been a plan to try to maintain a supply of funds from their customers and if that's the case, this has been tackled wrong.

[Mrengage]

Be careful guys, those who hold funds on Latoken exchange and not trading, you will be charged 5USD monthly.
Look they officially send it through email and confirmed on Telegram.





I think that they officially bury themselves.

I also got the email, now my say here is $5 not too much of a tasks and secondly is it $5 in total of all the tokens held there or its $5 per each coin that's in one's Account been hold? I don't even recommend keep my tokens in an exchange for future reference.

My instincts tells me it won't be $5 for all tokens held up in the Exchange that one will pay up for. So I think it's $5 fee to all the tokens in the Exchange for a whole one month. Funny enough they are going to make users run away from them.

[timmmers]

Lets summarize which exchanges collect fees for inactivity because it would be helpful if it would be on one place.
So latoken, exmo, bitfinex, coindirect, coinbank, crypto.com have written in the terms that you will be charged a fee when you are inactive for a longer time.