whats that costing you lol
A little bit of Money
Topic: Bitfloor cash deposits just went from 1% to 5.5%? (Read 1189 times)
whats that costing you lol
A little bit of Money
I really don't expect LocalTill to be around very much longer.
Formed 12/12
Not Registered as a MSB with BofA
Not Registered as a MSB with State of New York
Not Registered with FinCen
I was going to use there services in the future until I found out they aren't a MSB.
I expect that they will Shutdown by FinCen if they don't have an application on file.
(All information above was provided by LocalTill, B Of A, State of New York, and FinCen)
For full Disclosure I'm in the process of MSB and FinCen applications
Formed 12/12
Not Registered as a MSB with BofA
Not Registered as a MSB with State of New York
Not Registered with FinCen
I was going to use there services in the future until I found out they aren't a MSB.
I expect that they will Shutdown by FinCen if they don't have an application on file.
(All information above was provided by LocalTill, B Of A, State of New York, and FinCen)
For full Disclosure I'm in the process of MSB and FinCen applications
whats that costing you lol
I really don't expect LocalTill to be around very much longer.
Formed 12/12
Not Registered as a MSB with BofA
Not Registered as a MSB with State of New York
Not Registered with FinCen
I was going to use there services in the future until I found out they aren't a MSB.
I expect that they will Shutdown by FinCen if they don't have an application on file.
(All information above was provided by LocalTill, B Of A, State of New York, and FinCen)
For full Disclosure I'm in the process of MSB and FinCen applications
Formed 12/12
Not Registered as a MSB with BofA
Not Registered as a MSB with State of New York
Not Registered with FinCen
I was going to use there services in the future until I found out they aren't a MSB.
I expect that they will Shutdown by FinCen if they don't have an application on file.
(All information above was provided by LocalTill, B Of A, State of New York, and FinCen)
For full Disclosure I'm in the process of MSB and FinCen applications
And their site still says 1%. When did this fee go up? And why hasn't bitfloor changed their notice?
BitFloor does not charge any fees for cash deposits. All fees are charged by LocalTill, which is a third party processor. There are no hidden fees. I will update the notice for clarity. Thank you for the feedback.
Roman,
When are you going to address the held coins issue?
As a constructive suggestion, I would propose that you offer credits above your fee schedule that transfer held coins into real bitcoins for users who conduct transactions on Bitfloor.
This would help get your liquidity up, and show that you actually intend to make good on your obligations.
And their site still says 1%. When did this fee go up? And why hasn't bitfloor changed their notice?
BitFloor does not charge any fees for cash deposits. All fees are charged by LocalTill, which is a third party processor. There are no hidden fees. I will update the notice for clarity. Thank you for the feedback.
Sorry for the wording. It is the fee charged by LocalTill that increased. It seems to be variable however ranging from 3 to 5.5 percent. Does the fee change with the amount? Or is it somewhat random?
And their site still says 1%. When did this fee go up? And why hasn't bitfloor changed their notice?
BitFloor does not charge any fees for cash deposits. All fees are charged by LocalTill, which is a third party processor. There are no hidden fees. I will update the notice for clarity. Thank you for the feedback.
And their site still says 1%. When did this fee go up? And why hasn't bitfloor changed their notice?
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