Topic: Cavirtex 50$ a month inactivity fee (Read 1069 times)
I don't understand your problem. Its after 1 year of inactivity. Just make a small trade before that time and your fine? Stop whining like a little bitch.
WTF, just use bitstamp. its great.
I don't believe you can buy with bitstamp in Canada directly from your bank account like Cavirtex can!
WTF, just use bitstamp. its great.
Lol, what a desperate cash grab 
It's about time to switch to another exchange. Anyone? What exchange could Canadians use? Preferably an exchange allowing to trade in Canadian dollars... 
Lol, what a desperate cash grab
lol -
Name: abababab
Posts: 2
Activity: 1
Position: Jr. Member
Date Registered: November 06, 2013, 11:44:59 PM
Last Active: Today at 11:28:24 PM
Name: abababab
Posts: 2
Activity: 1
Position: Jr. Member
Date Registered: November 06, 2013, 11:44:59 PM
Last Active: Today at 11:28:24 PM
I too have a serious problem with this that I posted about as the last post here: https://bitcointalksearch.org/topic/cavirtex-canadians-stay-away-325980
Furthermore, not only did they charge this fee, but instead of charging me $50 they charged me 4BTC. I contacted support and they gave me the "we are not a bank explanation" but totally failed to respond about the huge over charge.
What can we do about this? Can anyone confirm that this inactivity fee was in the TOS since the beginning?
My biggest complaint is that I think they willfully decided against emailing out with this announcement. I have received other announcements by email from them and there is a setting in the account prefs that defaults to "Include my address when sending bulletins"
Furthermore, not only did they charge this fee, but instead of charging me $50 they charged me 4BTC. I contacted support and they gave me the "we are not a bank explanation" but totally failed to respond about the huge over charge.
What can we do about this? Can anyone confirm that this inactivity fee was in the TOS since the beginning?
My biggest complaint is that I think they willfully decided against emailing out with this announcement. I have received other announcements by email from them and there is a setting in the account prefs that defaults to "Include my address when sending bulletins"
So the fee only occurs when you have funds in the account? I just want to use the to buy or sell BTC, so if I don't buy/sell within a year it's a $50/month fee?
After a year of inactivity they will charge you a $50 fee every month until there are no funds in your account.
They don't want the risk of holding money for people for long periods of time. They don't want to act like a bank.
If one only wants to buy BTC infrequently then they should wait until they want to buy before transferring money there.
If one wants to store money there, for some odd reason, it isn't hard to be active.
thanks. The way other people explained is that they would charge you a $50 fee regardless if you had any money in your account, so essential you would have to owe them money and they can withdraw it directly from your bank account.
Someone mentioned they had a negative balance in their account which is what concerned me.
So the fee only occurs when you have funds in the account? I just want to use the to buy or sell BTC, so if I don't buy/sell within a year it's a $50/month fee?
After a year of inactivity they will charge you a $50 fee every month until there are no funds in your account.
So the fee only occurs when you have funds in the account? I just want to use the to buy or sell BTC, so if I don't buy/sell within a year it's a $50/month fee?
After a year of inactivity they will charge you a $50 fee every month until there are no funds in your account.
They don't want the risk of holding money for people for long periods of time. They don't want to act like a bank.
If one only wants to buy BTC infrequently then they should wait until they want to buy before transferring money there.
If one wants to store money there, for some odd reason, it isn't hard to be active.
So the fee only occurs when you have funds in the account? I just want to use the to buy or sell BTC, so if I don't buy/sell within a year it's a $50/month fee?
Hello everybody.
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
Virtex is not a bank. You shouldn't use them like that.
They have had that inactivity fee for quite a while. They were very open in announcing it.
Why would anyone hold any money on an exchange for over a year?
If you have no money there you don't have to worry about losing any of it. If you do have money there buy a small amount of BTC and you will have activity, which will keep you safe for another year of inactivity.
Hello everybody.
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
Virtex is not a bank. You shouldn't use them like that.
They have had that inactivity fee for quite a while. They were very open in announcing it.
Why would anyone hold any money on an exchange for over a year?
Hello everybody.
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
Virtex is not a bank. You shouldn't use them like that.
They have had that inactivity fee for quite a while. They were very open in announcing it.
Why would anyone hold any money on an exchange for over a year?
Hello everybody.
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
$50 a month with no money in the account, or if it is funded?
My question to you, is are you out of your mind if you are holding funds, especially BTC with a third party? Bitcoin is made so YOU can control your funds. WTF are you doing leaving coins on their exchange?!?
If I've misunderstood, my apologies. What's the problem with keeping a couple bucks on there and once a year buying $1 worth of coins?
Why wouldn't you just hold on to them yourself?
Hello everybody.
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
$50 a month with no money in the account, or if it is funded?
My question to you, is are you out of your mind if you are holding funds, especially BTC with a third party? Bitcoin is made so YOU can control your funds. WTF are you doing leaving coins on their exchange?!?
If I've misunderstood, my apologies. What's the problem with keeping a couple bucks on there and once a year buying $1 worth of coins?
Hello everybody.
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.
Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?
If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?
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