Mt. Gox Announcement - Extension of Reduced Trade Fees

brocktice

sr. member

Activity: 292

Merit: 250

Apparently I inspired this image.

Quote from: Nemesis099 on July 18, 2011, 12:45:28 PM

Anyone have the Yubikey?

I keep going back and forth on if I should get one with the one issue being that I can't log into the site from my phone then.

I'm just curious what everyone else thinks of them.

I like it so much I ordered a few more for other uses. My phone's not very secure anyway so I decided to just stop using it. However, now with the acquisition of mtgoxlive, maybe this won't be an issue soon?

Nemesis099

full member

Activity: 205

Merit: 100

Anyone have the Yubikey?

I keep going back and forth on if I should get one with the one issue being that I can't log into the site from my phone then.

I'm just curious what everyone else thinks of them.

error

hero member

Activity: 588

Merit: 500

Quote from: koin on July 18, 2011, 03:26:23 AM

Quote from: MagicalTux on July 16, 2011, 09:47:32 AM

It takes time to convert funds from USD to LR, and LR is totally unbalanced (we get way more LR withdraws than deposits). This forces us to convert LR all the time, and also explains the 1% fee.

and holding a surplus of liberty reserve so that customers wouldn't need to wait a week, well, that's crazy talk!

Yeah, that's pretty crazy. It would be impossible to "hold a surplus" under those conditions.

koin

legendary

Activity: 873

Merit: 1000

Quote from: MagicalTux on July 16, 2011, 09:47:32 AM

It takes time to convert funds from USD to LR, and LR is totally unbalanced (we get way more LR withdraws than deposits). This forces us to convert LR all the time, and also explains the 1% fee.

and holding a surplus of liberty reserve so that customers wouldn't need to wait a week, well, that's crazy talk!

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

It is my belief that it's the 0% traders (with or without bots) that are driving the price downward. I guess I'll wait awhile before I buy more bitcoins.

MKW2012

jr. member

Activity: 74

Merit: 1

Quote from: Yannick on July 16, 2011, 01:25:22 PM

How can you trade at 0% ?

I think its for some of the older Mt. Gox accountholders.

Yannick

member

Activity: 68

Merit: 10

How can you trade at 0% ?

MagicalTux

vip

Activity: 608

Merit: 501

-

Quote from: cryptoanarchist on July 16, 2011, 08:49:43 AM

It'd be nice if mtgox could send out my LR withdrawals in less than 72 hours. All you have to do is hit a button.

It makes me wonder if mtgox actually has 100% reserves of the money it is supposed to.

It takes time to convert funds from USD to LR, and LR is totally unbalanced (we get way more LR withdraws than deposits). This forces us to convert LR all the time, and also explains the 1% fee.

cryptoanarchist

legendary

Activity: 1120

Merit: 1003

It'd be nice if mtgox could send out my LR withdrawals in less than 72 hours. All you have to do is hit a button.

It makes me wonder if mtgox actually has 100% reserves of the money it is supposed to.

Mechanizm

newbie

Activity: 17

Merit: 0

Quote from: AtlasONo on July 14, 2011, 03:09:58 PM

What happens August 9? I forget what the fees were before.

I think they were .65%

r4in

newbie

Activity: 36

Merit: 0

Have you ever considered to offer a special fee for active traders where you place a fee on withdrawals/profits rather than percentagewise per trade? This would provide more liquidity to the market because it enables the use of many short term trading strategies that cannot be employed with a relative fee on each transaction.

AtlasONo

hero member

Activity: 551

Merit: 500

What happens August 9? I forget what the fees were before.

dinzy

full member

Activity: 140

Merit: 100

Why not just keep it at .3%? Volumes have been low with 0% and are unlikely to do better when fees go form 0 to .3 and then double to 0.6 or .65 or whatever.

If the market stays as stable as it is there will be no incentive for people to trade since any profits will go to fees. If it stays at 14 one needs nearly a .2 change to break even. But then again it's not like 0% fees are helping anyone too much either.

MtGox_Adam

newbie

Activity: 22

Merit: 0

Dear Mt. Gox users,

We are pleased to announce that as a way to say we sincerely appreciate our customers who are “hanging in there” with us as we recover from the “hackcrash” (not to mention our growing pains), we will be extending the current discounted trade fees.

Those who are trading at 0% will continue at that rate until July 27. After the July 27 customers with the 0% trade fees will migrate to 0.3% trade fees which they will be able to take advantage of until August 9.

Those who were trading at 0.3% will continue at the same rate until August 9

We would also like to remind those users who are trading at 0% that they are eligible for a free YubiKey, a new One Time Password security feature at Mt.Gox that will ensure the security of your online transactions with us. Unfortunately, we will only be able to offer this for a short time so please make sure to order your key at http://Yubikey.mtgox.com (be sure to login) before July 27.

Sincerely,

-Mt. Gox Team.

https://mtgox.zendesk.com/entries/20273158-announcement-extension-of-reduced-trade-fees

Topic: Mt. Gox Announcement - Extension of Reduced Trade Fees (Read 1765 times)