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Topic: Why are newly mined bitcoin charged ~10% for withdrawal (Read 359 times)

full member
Activity: 448
Merit: 103
Always 'collectibles' cost more. If you bother about tainted bitcoins, then you need to pay more for newly mined/uncirculated bitcoins.

Is this common practice in other exchange too?
I have not come across with any other exchanges have the options like "uncirculated bitcoins".

Interesting, I've never buy on other exchanges but BTCC so I am surprised that they are the only that provivdes freshly minted coins
legendary
Activity: 1596
Merit: 1005
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Probably because they're clean, will almost certainly not have been stolen or scammed at some point. Also there is more discretion in owning them than older coins.
You are right. That is the reason behind the higher price. But it that also doesn't mean we agree on something like 10% higher price just because coins are fresh.
How many bitcoiners actually care about tainted coins? In the end every single coin might be tainted, whether we like it or not.
legendary
Activity: 2296
Merit: 1014
This is what is happening in BTCC and the minimum is 10 BTC. Is this common practice in other exchange too?
Use other services then like slushpool or cheaper exchanges.
Free market is free.
legendary
Activity: 3556
Merit: 9709
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Probably because they're clean, will almost certainly not have been stolen or scammed at some point. Also there is more discretion in owning them than older coins.
legendary
Activity: 3038
Merit: 1188
Always 'collectibles' cost more. If you bother about tainted bitcoins, then you need to pay more for newly mined/uncirculated bitcoins.

Is this common practice in other exchange too?
I have not come across with any other exchanges have the options like "uncirculated bitcoins".
full member
Activity: 448
Merit: 103
This is what is happening in BTCC and the minimum is 10 BTC. Is this common practice in other exchange too?
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