Topic: Bitstake/XBS DISCONTINUED - page 63. (Read 258824 times)

1% is good enough. You deserve fee for your service.

I can't believe he's crying over 42 xbs. That's nothing compared to other remittance service.

Bitstake still has the lowest fees compared to any African based bitcoin start-up, we welcome suggestions on how we can simplify our fees structure.

Sorry but I see no benefit and that's why I'm staking into my wallet since day 1.
There is no benefit to use a staking platform until you are looking for an ease of use and so you will be likely to pay extra fees.
Nothing can beat staking from your own wallet until you are paid extra money for it wich it was never advertised from Bitstake.
On top of that dont ever put your money on a centralized site until you have a really good incentive to.
You read the ann badly sorry.

You don't go to their platform to stake only you will pay for nothing. The goal is mobile banking with instant fiat conversion and its worth the 1% hands down. Maybe they will have to fix  the 1% withdraw fees for staking especially, but no big deal to me at all. If the service offered doesn't fits you just don't use it, quite simple.

There is no "Fool me once shame on you" in business there is only "Know what you are doing" stuff. You put your money at risk without knowing every conditions, be glad it costs you only 1% for the lesson and it was not such thing as cryptodouble .

keep in mind , xbs still has an interview with the biggest nigerian newpaper and a couple of smaller interviews + retweets by the biggest nigerian radio station , I do not think this is easy to get if your project is not serious.

Yes. I understand the difference between how an exchange generates income via their 0.25% fees, of which they have many thousands per hour versus what Bitstake.info is likely attempting to do. And if Bitstake.info is directed at Nigerians who're currently using Western Union or Moneygram (or whatever) a 1% withdrawal fee is a tiny fraction by comparison to the charges they're currently paying to remit funds, so it's likely to be very acceptable.

But my major complaint is the lack of information about Bitstake.info, the lack of "conditions" of use and the fact that at no stage was this 1% fee advised prior to one depositing coins. Also my initial inability to get the wallet working without searching for a technical solution involving creation of a .conf file and the constant references to Bitstake.info throughout the OP and on this thread led me to believe it was the best place to send my XBS.

I'm (obviously) now aware of far more than when I started and I've exited my XBS position without any loss (even with the deduction of around 42 XBS for the withdrawal fee) but there's clearly a lack of information and many entries within the OP and many of the posts on this thread directing people to use Bitstake.info when it's clearly not built for anyone here within the crypto realm.

A lot of mis-information that's left me with a bad feeling about Bitstake.

1. I read the OP
2. I read enough of the BCT thread to perceive that bitstake.info was the main site run by and for staking XBS
3. The "benefits" detailed in the OP and I've already mentioned this twice now....don't keep saying "no incentive to" it's there in black and white as to why you'd use bitstake.info
4. I read through Bitstake's various twitter posts
5. I did a whois check on the domain.

Those steps told me I could send the XBS there and be relatively sure it was legit.

At no point has the OP or anything in this thread suggested bitstake.info is "beta". This is the first I've heard of such a thing.

Honestly you're putting forward a whole raft of views that aren't reflected in the OP or most postings here on this thread.

This is of even greater concern. If bitstake.info is still in beta where does it tell you this?

And again where are the "conditions" you've suggested I should have checked first?

Whole thing's looking more and more silly and you're not addressing the key points I've raised.

Does noone ever tell you something cant be beta if money changes hands
EDIT....anyway the best of luck

They were not coned. You must be no really insightfull to put your coins on online anything. You put your coin in your own wallet as any crypto user... do. The platform isnt designed for us but for unbanked nigerians to cut down the fees. What benefit do you think you had putting coins in the online wallet ? None until they say that you can earn more than the 5% stake rate from the wallet wich they ditdn't.

Well the OP says:



and


and


and the "website" is at:


and then there are several screen shots of the bitstake.info interface indicating this is the place to put your XBS (after all it's "the website")

and from Bitstake back on 17/Mar

and on the 7/Mar



Soooo....everything from what I read told me bitstake.info was THE staking platform. I also couldn't initially get the wallet to work. I eventually did by creating a .conf file and adding the nodes. It begs the question though why the wallet doesn't work without needing to go searching for technical solutions.

All-in-all a pretty ordinary experience and I won't be buying any further XBS as poor information, lack of clarity and fees that (while not excessive against WU charges) are ridiculously high in crypto and NOT ADVISED UP FRONT are indicative to me of lack of thoroughness that will cause further problems.