Topic: Crypto exchanges charging for inactive accounts . Do you support this ? - page 6. (Read 937 times)
November 06, 2022, 01:53:10 AM
I personally think that more exchanges should adopt this as long as users don't get charged when they have nothing on their accounts because it seems like something that would encourage users from keeping their funds in off exchanges.
November 06, 2022, 01:44:32 AM
There is a new practice among crypto exchanges to charge its users if they are inactive on the exchange. Some f the examples are
1) Zebpay: It is an Indian exchange that charges some fees from users if they have not done any trade in any month. It is still having this rule on the platform.
1) Zebpay: It is an Indian exchange that charges some fees from users if they have not done any trade in any month. It is still having this rule on the platform.
Just posting here their official statement:
https://twitter.com/zebpay/status/1347525568468697093?lang=en
2)Bitstamp: Another exchange which added this rule was Bitstamp. It planned to charge 10 euros ($10.27) per month for inactive accounts.
However, Bitstamp have a change of heart,
Personally, I a against these charges and it affects the rate of crypto adoption. It discourages people from starting to use crypto. What is your opinion about this practice ?
Of course, who wouldn't want to get charge for just letting your coins stay in their exchange.
But it just put a emphasize to our old adage here, "Not your keys, not your coins". So it's better to just withdraw your crypto to any exchange, regardless if you are very active (just leave enough for trading purpose), or not that active. Because there are possibility that exchanges can be hacked, or they will simply freeze your accounts for no reasons at all. And then there are exchanges that exit scams too. Or worst this, way back in 2018 QuadrigaCX: $190 million locked after founder died in December 2018.
November 06, 2022, 01:31:10 AM
There is a new practice among crypto exchanges to charge its users if they are inactive on the exchange. Some f the examples are
1) Zebpay: It is an Indian exchange that charges some fees from users if they have not done any trade in any month. It is still having this rule on the platform.
2)Bitstamp: Another exchange which added this rule was Bitstamp. It planned to charge 10 euros ($10.27) per month for inactive accounts.
Personally, I am against these charges and it affects the rate of crypto adoption. It discourages people from starting to use crypto. What is your opinion about this practice ?
1) Zebpay: It is an Indian exchange that charges some fees from users if they have not done any trade in any month. It is still having this rule on the platform.
2)Bitstamp: Another exchange which added this rule was Bitstamp. It planned to charge 10 euros ($10.27) per month for inactive accounts.
Personally, I am against these charges and it affects the rate of crypto adoption. It discourages people from starting to use crypto. What is your opinion about this practice ?
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