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

50 Cent

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Quote from: timmmers on May 27, 2020, 05:41:24 AM

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'm so sorry,
I don't recommend Latoken and p2pb2b market exchange,
according to my experience:
1. fake volume of most bots.
2. WD fee is quite high compared to other markets
3. the WD process is quite long, sometimes you even have to chat support first.
4.The promised airdrop value was est. 10 $, but in fact it was less than 1 $ (my experience)

and maybe you all want to add. ; D; D

carlisle1

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Quote from: timmmers on May 27, 2020, 05:41:24 AM

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.

What?are they out of mind?traders will trade whenever they thing it is profitable and if they have enough time to keep focusing in trading,but if not they will at least leave the funds in exchange(in which i totally disagree from the start though there are many traders doing this still).

this is not fair for those not active in trading and thinkingthat their money is safe in LaToken and suddenly when they come back after a year or 2?what will they find is no balance because of this continues charging monthly?

This is shame in Trading exchange,maybe with this LaToken will lose many traders since Binance is the best home for them now.

TradingBull.io

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Latoken business model is simple: money, money, money

Any shitcoin can IEO on Latoken and pump/dump themselves using their market maker as long as they pay the listing fee.

Free1bitco.in

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Quote from: ice18 on August 26, 2020, 02:31:32 AM

Sounds funny and ridiculous charging you for inactivity lol Im not using this exchange since liquidity is too low and trading volume looks fake new altcoins that listed on this exchange has very low liquidity much better decentralized exchange with huge liquidity.

So far, I have also avoided using this exchange. however, if deducting is inactive in that regard, cutting off the asset by $ 5 is an odd thing to do. This isn't the first time I've heard anything negative from Latoken. Therefore, I avoided using latoken as an exchange.

wiss19

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But from the photo you have posted, it’s clearly stated that they won’t charge you that amount, unless you have been inactive for over six months. And moreover it’s not advisable to leave funds on an exchange if you’re not trading with those funds. If you don’t want to trade it’s best that you move your funds to your personal wallet than keeping it on an exchange.

Apart from that I think this is a way for them to make inactive users to be active and start trading, instead of just leaving those funds on their exchange without doing anything at all. I don’t really see anything wrong with it, but it’s all your choice, you can still find another exchange or just move it to your personal wallet.

Salauddin1994

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Latoken will never charge 5 USD monthly It seems like a lot of scams. There are many exchange sites in the crypto market so it doesn't seem like much to believe. Most of the tokens here do not come in the market and they are scammed and also the transactions are much slower. That's why the safer fees for exchanging at other sites are much lower and the monthly charges are less it's depth is much easier to determine.

ice18

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Sounds funny and ridiculous charging you for inactivity lol Im not using this exchange since liquidity is too low and trading volume looks fake new altcoins that listed on this exchange has very low liquidity much better decentralized exchange with huge liquidity.

ihabhamed

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unbelievable Huh

beerlover

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I guess they do not want inactive people on their website which could be understandable however there is also the fact that any business that can hold other people's money on their behalf could use that money to make money without really having to worry about charging anyone anything.

Look at insurance companies and banks, they are still charging people for having money as well but there are now some that do not because honestly they have enough money from the customers to actually use that money to make more money whereas it is not even theirs, it is ours.

Same could be done by latoken as well, it is your crypto that they are holding but they could definitely use that money to make more profit, such as masternodes or proof of stake coins which could help them earn even more.

iamaruf

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Then they will lose a lot of traders. Actually I am not a fan of LAtoken Exchanger but I think 5$ fee rule is a bad move. One more thing to ask ( I don't have an account on Latoken that's why asking) inactivity means if you don't trade on LAtoken or if you don't log in Latoken for a long time? Would you please clear me.

cheezcarls

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Last year, my colleague told me to avoid LAToken exchange because of their shady tactics, wash trading, etc. Despite that I had a good friend who is working there and been doing consistent virtual events, I just don’t want to engage in their activities anymore. They invite a lot of speakers and having pitch competitions as well.

I didn’t have any assets stored on LAToken despite that I have an account. I wouldn’t trust storing my assets in an exchange where I don’t have the full custody of them.

For me, it seems that they are losing revenue, that’s why they’re charging $5 USD monthly. Although that it’s just a price of a Starbucks frappe, it’s not ideal for an exchange to do that.

hulla

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Quote from: Slow death on August 24, 2020, 03:21:47 AM

When I looked at the title of this thread, I thought: will all exchanges in the future follow the same path? minutes later i remembered that the other day i received an email from skrill informing me that they would charge $5000 because my account has been inactive for more than 1 year, but funny Is that skrill himself blocked my account without any convincing reason. If all the services keep putting these crazy rules I highly doubt that they will have customers

There's chance that others exchange will enforce the rules of charging their users who's inactive for years in other to strengthen their business but I'm still surprised the OP account was charged $5 monthly for not been active cause I have an old account on Latoken which i usually use to sell shit token/coin and I havent such charges OP must have signed up for some features.

Slow death

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When I looked at the title of this thread, I thought: will all exchanges in the future follow the same path? minutes later i remembered that the other day i received an email from skrill informing me that they would charge $5000 because my account has been inactive for more than 1 year, but funny Is that skrill himself blocked my account without any convincing reason. If all the services keep putting these crazy rules I highly doubt that they will have customers

djmixen

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Quote from: timmmers on May 27, 2020, 05:41:24 AM

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.

Form the very start, Latoken is not that good exchange for my own perception. I've seen it many of their coin listed became a piece of shit in the end. And charging 5$ each inactive users is too much, to be honest with you. Unless if La token is like Binance, Okex, Bittrex but it's not!
So, I don't care about their rules anyway.

Maestro75

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Quote from: stompix on May 27, 2020, 06:25:59 AM

Why do you guys think so?
Who are they going to lose, clients that are not making a trade/deposit/withdraw fro 6 months? How can you even call them clients?
From the start, why would you leave money there for more than 6 months and do nothing, why leave coins on an exchange for that long?

I think the loss will not be the old clients. It will be with those who will want to have the urge to patronise them. It will discourage newcomers from registering on Latoken. It is not even a top exchange to start with so why make a tough rule to cost it have a bad reputation. Thank you to the OP for bringing this to my notice too.

Shasha80

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I haven't used Latoken for trading in a while, but I still have some tokens that I got from the bounty campaign. But after getting
a notification regarding the new policy, I finally decided to withdraw the assets I have at Latoken. I feel the new policy imposed
by Latoken is very burdensome, having to pay 5 USD because inactivity is a bad policy. The steps Latoken takes will make users
switch to other exchanges. I don't understand the purpose of Latoken in issuing the policy, it will only have a negative impact on
the Latoken exchange itself.

lucky80

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The problem is that I don't receive any warning about inactivity. They never even send me an email about the inactivity fees. Taking the user's coins without notification is premeditated theft, lol.

We are very busy and desperately need notification. Even this forum has notifications. I realized this when I logged in today. They really want to go bankrupt. I have lost my IMT token which I bought for 50 bucks. Damn, I love that token lol.

Edit: The IMT token is even not in Top 100 CMC. They announce that in their website https://latoken.com/fees (archive: http://archive.is/jgQnP )

cryptothreads

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Quote from: Shallow on June 01, 2020, 04:23:34 AM

This is funny coming from an exchange which doesn't have good reviews from a number of users. However, people have been warned to store assets off exchanges maybe with this step, those holding on their exchange will have to withdraw, because I don't think it makes sense when there are other better exchanges. Normally I would say it is not my concern because I have no business with them but I think people need to understand that Latoken isn't a good exchange and with this, many people will likely take their leave.

After they started charging users, I withdrawal all my assets from this exchange, I don't usually trade here, but there are some coins I earn from bonus campaigns, and only Latoken can be sold.

Of course, after losing $5 monthly without trading, it is best to switch to Binance or Huobi because these two exchanges are more reliable for investors.

Shallow

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This is funny coming from an exchange which doesn't have good reviews from a number of users. However, people have been warned to store assets off exchanges maybe with this step, those holding on their exchange will have to withdraw, because I don't think it makes sense when there are other better exchanges. Normally I would say it is not my concern because I have no business with them but I think people need to understand that Latoken isn't a good exchange and with this, many people will likely take their leave.

dragon695

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Quote from: BuNga_cute on May 31, 2020, 05:53:43 PM

This is the wrong step taken by Latoken exchange, by giving a 5 USD monthly charge for those who are inactive too much
in my opinion. And of the many exchanges only Latoken applies it, this will make users uncomfortable. And the worst thing
that will happen is that many Latoken users will move to other exchanges. If this happens, bad impact for Latoken exchange
itself.

Right! I don't know what their reasons are, but this is not a wise move. I prefer to use other exchange platforms such as Bittrex, Binance, Kucoin,.. than LAToken exchange! Their token is not worth that much, guys!

Topic: Latoken will charge you 5USD monthly, if you are not active. (Read 582 times)