Topic: Xapo will start charging a fee to receive transactions (Read 4187 times)
Such a pity! I do not like to pay any fee which I feel is quite large. Xapo is second after Coinbase web wallet, I'll look for other services that are free, though I'll continue using xapo.
I remember when I was still new to bitcoin and I started out with faucets although I'm still into faucets but xapo doesn't fit it anymore. You're profit from claiming satoshi's with different faucets will be gone when you are about to transfer it to an exchange or any wallet that you are comfortable with.
It's not just about xapo but the whole idea of "faucet" is not that worth it anymore.
They had a good profit, they had other service like debit card which has also high fee.
Despite their overflowing profits don't forget that businesses are always looking for "new customers" and the same also goes for xapo which is why they are still into these faucet things. If you're an owner of a business, you will be always on the lookout for new opportunities, you just don't stop at one point just because you're already earning enough.
But the fact that they would really need new comes since you wont even know that those old costumers would be gone. This is why on having a business always think off on ways on getting new people.
I remember when I was still new to bitcoin and I started out with faucets although I'm still into faucets but xapo doesn't fit it anymore. You're profit from claiming satoshi's with different faucets will be gone when you are about to transfer it to an exchange or any wallet that you are comfortable with.
It's not just about xapo but the whole idea of "faucet" is not that worth it anymore.
They had a good profit, they had other service like debit card which has also high fee.
Despite their overflowing profits don't forget that businesses are always looking for "new customers" and the same also goes for xapo which is why they are still into these faucet things. If you're an owner of a business, you will be always on the lookout for new opportunities, you just don't stop at one point just because you're already earning enough.
To my mind that's a shame to earn money from faucet farmers.
I remember when I was still new to bitcoin and I started out with faucets although I'm still into faucets but xapo doesn't fit it anymore. You're profit from claiming satoshi's with different faucets will be gone when you are about to transfer it to an exchange or any wallet that you are comfortable with.It's not just about xapo but the whole idea of "faucet" is not that worth it anymore.
If they don't have good profit from their business (which I doubt highly because a lot of people uses their service + rich ones).
They had a good profit, they had other service like debit card which has also high fee.Despite their overflowing profits don't forget that businesses are always looking for "new customers" and the same also goes for xapo which is why they are still into these faucet things. If you're an owner of a business, you will be always on the lookout for new opportunities, you just don't stop at one point just because you're already earning enough.
To my mind that's a shame to earn money from faucet farmers.
I remember when I was still new to bitcoin and I started out with faucets although I'm still into faucets but xapo doesn't fit it anymore. You're profit from claiming satoshi's with different faucets will be gone when you are about to transfer it to an exchange or any wallet that you are comfortable with.If they don't have good profit from their business (which I doubt highly because a lot of people uses their service + rich ones).
They had a good profit, they had other service like debit card which has also high fee.
Missing an old Xapo wallet I’ve created before that sending small transactions without fee and instantly, but because it makes a huge turn around and for them to increase fees, most old clients seems irritated and now even I have to move on and do a new account of a much cheaper wallet. I hope they will find some solution in this uncertainty and may come up a better alternative income than this.
To my mind that's a shame to earn money from faucet farmers. If they don't have good profit from their business (which I doubt highly because a lot of people uses their service + rich ones).
I like their exchange rate but it would be better if they take a little bit more fee from it. Not better for me but it's really a shame, such a big company tries it's best to make money from faucet farmers.
I like their exchange rate but it would be better if they take a little bit more fee from it. Not better for me but it's really a shame, such a big company tries it's best to make money from faucet farmers.
I was really shocked when I see withdrawel fess!!!!
omg...
Most of Xapo users are using it because of faucet claiming...
So people are working on faucets just to pay xapo withdrawel fees?
You are shocked because you are probably a faucet farmer as well. When the price was like $1000 faucets were already an utter waste of time, which is far worse now due to how the price has gone up. People shouldn't blame Xapo for charging network fees. People should blame themselves for putting a lot time into something that won't even cover the transaction fee of Xapo or any other wallet service. It's probably a good time for anyone to quit making use of faucets, because faucets and other few satoshi earning options only clutter the network with their garbage. If you don't want to quit, you are obviously free to keep wasting your time further, but at least don't complain - again, it's not Xapo's fault. omg...
Most of Xapo users are using it because of faucet claiming...
So people are working on faucets just to pay xapo withdrawel fees?
it is why I will try with my kind of faucet to move partly the payout per Ether.
I avoid Xapo except if it is for an other xapo member.
I avoid Xapo except if it is for an other xapo member.
I was really shocked when I see withdrawel fess!!!!
omg...
Most of Xapo users are using it because of faucet claiming...
So people are working on faucets just to pay xapo withdrawel fees?
omg...
Most of Xapo users are using it because of faucet claiming...
So people are working on faucets just to pay xapo withdrawel fees?
Charging user a fees to receive bitcoin transaction is just way too bad in my opinion, Xapo is not the only company that provides users a bitcoin wallet to receive bitcoin transactions, if the users are willing to spend some time researching bitcoin wallets, they could always find a better and more secure bitcoin wallet easily.
The problem is that if you get to small amount,you get dust and it is somewhere right to charge "dusters"...
Who has to pay the dust fees?
why only the xapo sender and not the receiver?
Charging user a fees to receive bitcoin transaction is just way too bad in my opinion, Xapo is not the only company that provides users a bitcoin wallet to receive bitcoin transactions, if the users are willing to spend some time researching bitcoin wallets, they could always find a better and more secure bitcoin wallet easily.
My concern here is, This move of Xapo about transaction fees might inspire other web wallets just like my another web wallet provider which is coins.ph sending within coins.ph to another coins.ph email address is FREE(using the PESO wallet) /Receiving is also free but not the sending from Bitcoin Wallet.
If this is the way Xapo can generate their profit and to retain their business then this is justifiable, but if other web wallet like coins.ph which generates their profit from their online exchange this will be questionable and unacceptable.
If this is the way Xapo can generate their profit and to retain their business then this is justifiable, but if other web wallet like coins.ph which generates their profit from their online exchange this will be questionable and unacceptable.
I tried to send 0.0016 BTC but..
Is this a joke?
The problem is that within 6 blocks is to "fast" for most of transactions.
Even within 25 (like one bitcoin core) is very fast.
Xapo is still interesting if you send satoshi within xapo.
Sending fee is already unreasonably high plus this receiving fee? Using this wallet will be unprofitable for small time bitcoin users.
I have nothing against paying fees but Xapo fee is to much . If I want to sent they charge like 0.001 or more . Other wallets have less fees . Oh well
SO which other bitcoin wallet dont have Network Fee ? can anyone name it ?
Thanks
I was curious about this, and some web wallet I tried, and nothing to network free.Thanks
Most of them reasoned because of the increasing network and mining costs.
Is xapo a safe wallet when there is issue segwit 1 august later? I was curious and there was a bit of balance so I had to find a safe wallet.
Xapo isn't safe in this case. You have to use wallet which gives you full control of your private keys. You need to move your bitcoins somewhere else to secure it.I just took a look at their fees and ... I just have to change wallets . It is to much . If I want to sent to sent someone I have to pay a big fees . Time to move on .
Is xapo a safe wallet when there is issue segwit 1 august later? I was curious and there was a bit of balance so I had to find a safe wallet.
Xapo isn't safe in this case. You have to use wallet which gives you full control of your private keys. You need to move your bitcoins somewhere else to secure it.Yes, it may require some decent time to download all block data, but in the meantime you can generate an address within Core to store all your coins properly.
Before encrypting the wallet file, make sure you extract the private key with the dumpprivkey line followed by a space and then the address you want to extract the private key from.
From there you can use that private key to create a paper wallet for proper offline storage. Obviously, your PC or laptop should be clean from viruses and other garbage.
Is xapo a safe wallet when there is issue segwit 1 august later? I was curious and there was a bit of balance so I had to find a safe wallet.
Xapo isn't safe in this case. You have to use wallet which gives you full control of your private keys. You need to move your bitcoins somewhere else to secure it. 
Is xapo a safe wallet when there is issue segwit 1 august later? I was curious and there was a bit of balance so I had to find a safe wallet.
I tried to send 0.0016 BTC but..
Is this a joke?
SO which other bitcoin wallet dont have Network Fee ? can anyone name it ?
Thanks
Thanks
The free ride was good while it lasted but they did what they intended to do as a business and it was to get as many customers as they could in a short amount of time.
They are a business after all and what do expect them to do? To be sustainable they have to charge some sort of fee to even be able to compete.
I can see coinbase doing the same thing very soon.
They are a business after all and what do expect them to do? To be sustainable they have to charge some sort of fee to even be able to compete.
I can see coinbase doing the same thing very soon.
haha what a sad news ! if they really take fees for incoming transactions .
its the end of xapo i hope everyone will leave there service -.-
i also transfered my 2 BTC to another web walled -.-
kind regards
It can not be end of Xapo as it may affect only those who are going to be affected by this are the new bitcoin users who earn from faucets. If the amount of bitcoin is greater than 30967 satoshi will not incur any fees.its the end of xapo i hope everyone will leave there service -.-
i also transfered my 2 BTC to another web walled -.-
kind regards
I guess most other bitcoiners will continue their love on Xapo, hopefully.
I see that you have not read the new xapo rules...
this is the problem on this forum...people say wrong things and it is the wrong things who are then in brain...
Sending satoshi out of xapo does "incur" always fees...
I think it doesn't matter, I've never had a transaction with xapo for receive and send less than 0,005, most important is security. I think xapo is kind of a good wallet because there are features of the VAULT and was listed on the official site bitcoin.org.
haha what a sad news ! if they really take fees for incoming transactions .
its the end of xapo i hope everyone will leave there service -.-
i also transfered my 2 BTC to another web walled -.-
kind regards
It can not be end of Xapo as it may affect only those who are going to be affected by this are the new bitcoin users who earn from faucets. If the amount of bitcoin is greater than 30967 satoshi will not incur any fees.its the end of xapo i hope everyone will leave there service -.-
i also transfered my 2 BTC to another web walled -.-
kind regards
I guess most other bitcoiners will continue their love on Xapo, hopefully.
Today I understood that fees for receiver is nonsense. I understand that Xapo wants to get rid of dust transactions, but... Let's say, I have to send small payment which is lower than 30942 satoshi. Sender can't know which wallet receiver use. If he use Xapo, unfortunately he won't receive anything. Payment are sent, but nothing is received. And receiver can call me as scammer after that...
If you are using xapo faucet then it is still free to receive dust amounts and the only issue is while sending and receiving dust amounts from other sources and with the recent delays in blockchain and the ever changing transaction fees it was a matter of time they starts charging for transaction .[/quote]
Really!! One of free transaction wallet has gone. I think Coinbase also start transactions fees for theire customar.If really its happen, there will be no more transaction free wallet.
Its a bad news near to Xapo wallet user that they are taking cherge for receving .next time they will take sending fee from user. one day there will be no more free transaction wallet
It is a matter of time that they will start charging users from February 15 for the transactions as the amount of money they are dispensing will be huge with the amount of users they have.They will charge only if the coins sends to them are lower.Its a bad news near to Xapo wallet user that they are taking cherge for receving .next time they will take sending fee from user. one day there will be no more free transaction wallet
Today I understood that fees for receiver is nonsense. I understand that Xapo wants to get rid of dust transactions, but... Let's say, I have to send small payment which is lower than 30942 satoshi. Sender can't know which wallet receiver use. If he use Xapo, unfortunately he won't receive anything. Payment are sent, but nothing is received. And receiver can call me as scammer after that...
If you are using xapo faucet then it is still free to receive dust amounts and the only issue is while sending and receiving dust amounts from other sources and with the recent delays in blockchain and the ever changing transaction fees it was a matter of time they starts charging for transaction . haha what a sad news ! if they really take fees for incoming transactions .
its the end of xapo i hope everyone will leave there service -.-
i also transfered my 2 BTC to another web walled -.-
kind regards
You clearly don't know what's going on. Fees on incoming transactions only apply if the transaction value is lower than 0.00040095BTC. If your transaction value is higher than that amount, then there are no fees involved.its the end of xapo i hope everyone will leave there service -.-
i also transfered my 2 BTC to another web walled -.-
kind regards
It's done done for several reasons. One of the reasons was that people were complaining about ultra low value transactions not being spendable due to pools ignoring these transactions.
It's a well needed action and it will definitely not be the end of Xapo. If there are people that don't agree with this new implementation, then they are of course free to hop over to a different wallet service (which you seem to have done).
haha what a sad news ! if they really take fees for incoming transactions .
its the end of xapo i hope everyone will leave there service -.-
i also transfered my 2 BTC to another web walled -.-
kind regards
its the end of xapo i hope everyone will leave there service -.-
i also transfered my 2 BTC to another web walled -.-
kind regards
but now when they are going to charge fees for the small amount which new bitcoin users are getting from faucets is unfair, I think that they should charge fees on the people who are using like 2btc per transaction not the small guys.
I see your point, the rich should be made to pay more, but the reality on ground across all facets of life, seems to have suggested otherwise, so that what we have is the poor actually having to pay for the luxuries the rich enjoys. That is the kind of madness that is now a normality with the society. 
Yes, that is the most foolish part of this issue, and I can't argue with them because that is their business but it's too much already, maybe they're thinking that most bitcoin users use their service. So to those who are using faucets, better don't use xapo wallet (or whatever you call their service) if you want to receive those tiny transactions.
At this day and age you shouldn't be using faucet in the first place. Collecting dust on your wallet is never good thing.It is not that Xapo was the only wallet paying for transactions: Coinbase pays it for you, and their ToS is pretty similar to Xapo - mainly: you can't use wallet in conjunction with gambling services.
Today I understood that fees for receiver is nonsense. I understand that Xapo wants to get rid of dust transactions, but... Let's say, I have to send small payment which is lower than 30942 satoshi. Sender can't know which wallet receiver use. If he use Xapo, unfortunately he won't receive anything. Payment are sent, but nothing is received. And receiver can call me as scammer after that...
Yes, that is the most foolish part of this issue, and I can't argue with them because that is their business but it's too much already, maybe they're thinking that most bitcoin users use their service. So to those who are using faucets, better don't use xapo wallet (or whatever you call their service) if you want to receive those tiny transactions.
Yes, that is the most foolish part of this issue, and I can't argue with them because that is their business but it's too much already, maybe they're thinking that most bitcoin users use their service. So to those who are using faucets, better don't use xapo wallet (or whatever you call their service) if you want to receive those tiny transactions.
At this day and age you shouldn't be using faucet in the first place. Collecting dust on your wallet is never good thing.It is not that Xapo was the only wallet paying for transactions: Coinbase pays it for you, and their ToS is pretty similar to Xapo - mainly: you can't use wallet in conjunction with gambling services.
Today I understood that fees for receiver is nonsense. I understand that Xapo wants to get rid of dust transactions, but... Let's say, I have to send small payment which is lower than 30942 satoshi. Sender can't know which wallet receiver use. If he use Xapo, unfortunately he won't receive anything. Payment are sent, but nothing is received. And receiver can call me as scammer after that...
Yes, that is the most foolish part of this issue, and I can't argue with them because that is their business but it's too much already, maybe they're thinking that most bitcoin users use their service. So to those who are using faucets, better don't use xapo wallet (or whatever you call their service) if you want to receive those tiny transactions.
Today I understood that fees for receiver is nonsense. I understand that Xapo wants to get rid of dust transactions, but... Let's say, I have to send small payment which is lower than 30942 satoshi. Sender can't know which wallet receiver use. If he use Xapo, unfortunately he won't receive anything. Payment are sent, but nothing is received. And receiver can call me as scammer after that...
It is become very bad news for Xapo users who mainly using xapo just for receiving micro amount of transactions (where all transactins are made without cost).There are many costumer's who does not like to fee any amount for a transactions.As a result,Xapo will be faced temporary problem after little break come back strongly because in reality they need some service fees to maintain their business.
Xapo is like any business entity out there to make profit, it is not a non-for-profit or charity organisation. So in the mist of rising network cost, which we are all aware of, restructuring the fees to cover the network fees ought not to be seen as a bad news, rather it is a good business strategy to reposition Xapo. Besides fees are only applicable for transactions equivalent to 0.00030942 BTC or less from external address, more than 0.00030967 attracts zero fee. It is really a bad news for faucet users, Xapo was for a long time the best way to earn bitcoin from faucets and receive them directly to your wallet
I believe it will not affect Xapo based faucet users as they are getting paid from another Xapo account only. The internal transfer within Xapo will not touch blockchain so that types of transactions will be complete free (and instant as usual).Xapo's fee for out going transaction is an expected one but for incoming transaction is highly unexpected.
But your point about withdrawal is right. Users need to set higher withdrawal limit to avoid fees. The problem is that some faucets like 99bitcoins.com withdrawal limit is very low and can't be changed.
Xapo was for me a good way to allow low minimum payout...
Now I can not send low amount with more fees than the amount sent.
With low minimum withdraws,people have seen quickly that winspiral pays.
Now,I do not know how it will be...
It is really a bad news for faucet users, Xapo was for a long time the best way to earn bitcoin from faucets and receive them directly to your wallet
I believe it will not affect Xapo based faucet users as they are getting paid from another Xapo account only. The internal transfer within Xapo will not touch blockchain so that types of transactions will be complete free (and instant as usual).Xapo's fee for out going transaction is an expected one but for incoming transaction is highly unexpected.
But your point about withdrawal is right. Users need to set higher withdrawal limit to avoid fees. The problem is that some faucets like 99bitcoins.com withdrawal limit is very low and can't be changed.
It is really a bad news for faucet users, Xapo was for a long time the best way to earn bitcoin from faucets and receive them directly to your wallet
I believe it will not affect Xapo based faucet users as they are getting paid from another Xapo account only. The internal transfer within Xapo will not touch blockchain so that types of transactions will be complete free (and instant as usual).Xapo's fee for out going transaction is an expected one but for incoming transaction is highly unexpected.
It is really a bad news for faucet users, Xapo was for a long time the best way to earn bitcoin from faucets and receive them directly to your wallet
I believe it will not affect Xapo based faucet users as they are getting paid from another Xapo account only. The internal transfer within Xapo will not touch blockchain so that types of transactions will be complete free (and instant as usual).Xapo's fee for out going transaction is an expected one but for incoming transaction is highly unexpected.
Yesterday I noticed for the first time that XAPO will start charging a fee for incoming BTC transactions. Bad news for the people who used XAPO also for receiving micro transactions. All transactions lower than BTC 0.00030942 will have to pay this fee.
It is really a bad news for faucet users, Xapo was for a long time the best way to earn bitcoin from faucets and receive them directly to your wallet, and them applying these fees makes it even harder to earn from these faucets especially now since they are giving so little, it is not a big deal for the ones who are using large transaction like me but still it is bad news for the new users. The issue is not that these transactions are small but the problem is that if bitcoin prices increase to an extent that even 0.0001 is worth $0.5-$1, 0.00031041 would be $1.5-$3. I understand the main problem is with blockchain to have a fixed fee of 0.0001-0.0002 and they don't consider the market rate in USD which makes even small transactions expensive. Where earlier 0.0001 BTC was worth 1 or 2 cents, now I need to add a fixed fee of 20 cents to get small transactions confirmed. Not everyone would be sending out over $10 at a time and Xapo was popular mainly for it being free to send/receive bitcoins. If all wallets start charging, there will be no difference between PayPal and Xapo/Coinbase.
That is how bitcoin network works - fee is implemented for a reason, to sustain the network. Maybe this is not that apparent now, as we have block reward still distributed but in the future collection of fee will be primary sustain factor for the network.
We don't necessarily want share fake idea of bitcoin as "zero fee" payment system.
Fix, xapo will start charging a fee, I tried to send 20k to my xapo account and the amount is not shown.
Outgoing bitcoin transactions from your Xapo account to a bitcoin address outside of Xapo will be charged a fee of BTC 0.00025005.
For example:
If you receive more than BTC 0.00037507, no fee applies.
If you receive more than BTC 0.00025005 and up to BTC 0.00037507, then a fee of BTC 0.00025005 will be deducted. The amount to be credited will be the difference between the incoming amount and the processing fee.
If you receive less than BTC 0.00025005, then a fee equivalent to the amount received will be charged. In this case, the amount to be credited is 0.
Outgoing bitcoin transactions from your Xapo account to a bitcoin address outside of Xapo will be charged a fee of BTC 0.00025005.
For example:
If you receive more than BTC 0.00037507, no fee applies.
If you receive more than BTC 0.00025005 and up to BTC 0.00037507, then a fee of BTC 0.00025005 will be deducted. The amount to be credited will be the difference between the incoming amount and the processing fee.
If you receive less than BTC 0.00025005, then a fee equivalent to the amount received will be charged. In this case, the amount to be credited is 0.
Seeing this new rule, it is clear that xapo will lose competitiveness, because one of the main reasons that led many users to choose xapo as their preferred wallet was the possibility of receiving micropayments from faucets. But I least I hope this new rule can help them to improve their services, reduce costs and ensure a long and sustainable life.
Bad news to those who transacts with instant satoshis from faucets.
Luckily I am not a user of xapo, I think user interface makes loading long xapo, I often experience long loading. one other thing that makes me less like we are every login in one computer always ask for a PIN sent via SMS.Yes that loading interface of xapo doesn't matter. Maybe you do have a problem with your internet service provider. Because I don't find that loading screen of Xapo as a problem, it is just loading for a couple of seconds then it gets better. I love Xapo's security and it doesn't matter if they are going to charge fees for my transactions.
Bad news to those who transacts with instant satoshis from faucets.
Luckily I am not a user of xapo, I think user interface makes loading long xapo, I often experience long loading. one other thing that makes me less like we are every login in one computer always ask for a PIN sent via SMS.Bad news to those who transacts with instant satoshis from faucets.
Luckily I am not a user of xapo, I think user interface makes loading long xapo, I often experience long loading. one other thing that makes me less like we are every login in one computer always ask for a PIN sent via SMS. 
I'm believing now that there is nothing free in this world. After blockchain.info did its upgrade together it came out again with its miners fee.
It is just a smart move for xapo as they need to have some profit for giving us good service.
I wonder if there are online wallet providers that are still not charging tx fees?
It is just a smart move for xapo as they need to have some profit for giving us good service.
I wonder if there are online wallet providers that are still not charging tx fees?
With this movement Xapo want to cut the cost that they have with faucet users spamming its servers with very low transactions. Users only need to wait a little before withdraw its balance (up to 32.325 satoshis) to its xapo wallet and they will not have this fee.
Most of its users never will be charged with this fee.
But there are some faucets which pays immediately when user reach payout minimum like 15k or 20k satoshi. After fee, users won't receive anything. But I agree that small transactions isn't good, and it causes some problems on bitcoin networkMost of its users never will be charged with this fee.
Bad news to those who transacts with instant satoshis from faucets.
There will be no fee for instant payouts from Xapo faucets to Xapo wallets. 
Bad news to those who transacts with instant satoshis from faucets.
With this movement Xapo want to cut the cost that they have with faucet users spamming its servers with very low transactions. Users only need to wait a little before withdraw its balance (up to 32.325 satoshis) to its xapo wallet and they will not have this fee.
Most of its users never will be charged with this fee.
Most of its users never will be charged with this fee.
I think that type of fees is not bad for anyone and they have started it because they do not want to keep busy their system for free only for dust that is why they have kept the fees for the people to keep the incoming transactions higher. Only faucet earners will be affected with it and the effect will not be that much high but they only will need to keep the threshold withdraw higher.
One of the main wallets for the faucet users, and business is business, for those small users they will need to setup their own wallet and spend those extra few seconds when using the faucets and putting their address in.
That's a bad news. I feel so lucky that we had our local exchange that we can send bitcoin to other address without fees even in smallest amount. They can still make a transaction with no fee, just made the required amount. I know its hard to acquire donations, for sure they will use it for maintenance of their site to provide a good service.
I think with the fee of course they have a compelling reason, I believe the existence of fee will make xapo transactions faster and better, I wouldn't mind if the imposed fee with better service record.
Oh that is really a bad news for me because I often use xapo for recharging my mobile phone which require a small amount of bitcoins to transact and for that small amount I do not want to pay any fees from any way. It is currently a fees for receiving the transaction but I am sure that they will start for sending too.
Quote
"If you receive more than BTC 0.00031041, no fee applies."
Simple. Then try sending a little over .00031041 to your xapo account. That should get rid of the 'receiving fee'.Far as I can see, the only ones who'll be affected by these 'receiving fees' are the ones using faucets.
Quote
"If you receive less than BTC 0.00020694, then a fee equivalent to the amount received will be charged. In this case, the amount to be credited is 0."
Meaning, do not send less than 20,694 satoshis.https://in.xapo.com/fees/
The issue is not that these transactions are small but the problem is that if bitcoin prices increase to an extent that even 0.0001 is worth $0.5-$1, 0.00031041 would be $1.5-$3. I understand the main problem is with blockchain to have a fixed fee of 0.0001-0.0002 and they don't consider the market rate in USD which makes even small transactions expensive. Where earlier 0.0001 BTC was worth 1 or 2 cents, now I need to add a fixed fee of 20 cents to get small transactions confirmed. Not everyone would be sending out over $10 at a time and Xapo was popular mainly for it being free to send/receive bitcoins. If all wallets start charging, there will be no difference between PayPal and Xapo/Coinbase.
I can't see any problem there. People doing such small transactions should really think about their life and where its heading.
People complain without knowing what the point of Xapo really is. It's only micro amounts also referred to as being dust that they want to prevent with this action.
If you think logically, then it makes sense as they want to take the weight off their own wallets due to all the worthless dust transactions that may take ages to confirm.
Mainly because these people are mostly also stingy about their fees. It doesn't only help Xapo, but also the Bitcoin network this way. It's pointless to send out transactions that low as it only clutters the network.
I don't even see the point of playing with these low amounts, but for people that do care about them, if you at least deposit anything above 0.00030967BTC, you'll still be enjoying free transactions.
If you think logically, then it makes sense as they want to take the weight off their own wallets due to all the worthless dust transactions that may take ages to confirm.
Mainly because these people are mostly also stingy about their fees. It doesn't only help Xapo, but also the Bitcoin network this way. It's pointless to send out transactions that low as it only clutters the network.
I don't even see the point of playing with these low amounts, but for people that do care about them, if you at least deposit anything above 0.00030967BTC, you'll still be enjoying free transactions.
Oh that is really a bad news for me because I often use xapo for recharging my mobile phone which require a small amount of bitcoins to transact and for that small amount I do not want to pay any fees from any way. It is currently a fees for receiving the transaction but I am sure that they will start for sending too.
Quote
"If you receive more than BTC 0.00031041, no fee applies."
Simple. Then try sending a little over .00031041 to your xapo account. That should get rid of the 'receiving fee'.Far as I can see, the only ones who'll be affected by these 'receiving fees' are the ones using faucets.
Quote
"If you receive less than BTC 0.00020694, then a fee equivalent to the amount received will be charged. In this case, the amount to be credited is 0."
Meaning, do not send less than 20,694 satoshis.https://in.xapo.com/fees/
Oh that is really a bad news for me because I often use xapo for recharging my mobile phone which require a small amount of bitcoins to transact and for that small amount I do not want to pay any fees from any way. It is currently a fees for receiving the transaction but I am sure that they will start for sending too.
Quote
"If you receive more than BTC 0.00031041, no fee applies."
Simple. Then try sending a little over .00031041 to your xapo account. That should get rid of the 'receiving fee'.Far as I can see, the only ones who'll be affected by these 'receiving fees' are the ones using faucets.
Quote
"If you receive less than BTC 0.00020694, then a fee equivalent to the amount received will be charged. In this case, the amount to be credited is 0."
Meaning, do not send less than 20,694 satoshis.https://in.xapo.com/fees/
Oh that is really a bad news for me because I often use xapo for recharging my mobile phone which require a small amount of bitcoins to transact and for that small amount I do not want to pay any fees from any way. It is currently a fees for receiving the transaction but I am sure that they will start for sending too.
As much as I hate that people will lose money with this change I think it is good move from business point of view. I would like to see how many bitcoins in fees Xapo paid total.
I bet it is not small sum of money "wasted on fees". They realized that "no fee" policy cannot be maintained taking into account their F2U business model. About time.
I bet it is not small sum of money "wasted on fees". They realized that "no fee" policy cannot be maintained taking into account their F2U business model. About time.
Not fun news :/ . Many people use Xapo for their free transactions. And I think many of these transactions is small.
I think that next step of Xapo will be to take fee for sending small transactions. And finall step will be to take fees for all transactions, no matter it's small or big.
I am also thing so. It is their first step to check the affect of imposing it on their business and if they find no any bad affect on their business they will definitely start to impose fees on the sending of money too. I think that next step of Xapo will be to take fee for sending small transactions. And finall step will be to take fees for all transactions, no matter it's small or big.
Incoming dust increases their send fees (increasing the transaction size) and it hurts the business, so it's a normal move.
While it is a bad news for the ones receiving dust from non-xapo faucets into xapo, it's not a big issue if you look at the numbers.
First of all, from what I see it's about the incoming dust. Even the faucets started to send out bigger amounts than that.
I feel that it's a very small number of affected users and it's not a big issue actually.
While it is a bad news for the ones receiving dust from non-xapo faucets into xapo, it's not a big issue if you look at the numbers.
First of all, from what I see it's about the incoming dust. Even the faucets started to send out bigger amounts than that.
I feel that it's a very small number of affected users and it's not a big issue actually.
You can use blockchain for a web wallet mate. It only charge you 10k satoshi for fee.
I don't think he will use blockchain as it faced so many wallet issues this days, only coinbase is his only choice if he will not continue using xapo.You can see all available wallets here: https://bitcoin.org/en/choose-your-wallet
This is bad news, I do not like the presence of a fee which I feel is quite large.
Yeah its really bad news to those who don't like to pay every transactions they made.Xapo is second after Coinbase web wallet, I'll gradually to look for other services that are free, though I will still be using xapo
Yes that's true and in another side of the story Xapo is also the second platform that used to have many issues of closing accounts. And the reason why I don't like them is because of this free of TX fee like coinbase, it looks more doubtful for their service.You can use blockchain for a web wallet mate. It only charge you 10k satoshi for fee.
I don't think he will use blockchain as it faced so many wallet issues this days, only coinbase is his only choice if he will not continue using xapo. 
Xapo must get income from their service if they want be survive on their business,
although it is become bad news for costumer's xapo because as you said
many people who receive small amount of transactions ( usually bitcoins from faucets website)
but there are no other choice for xapo keeps alive and they starts charging fees is normal.
although it is become bad news for costumer's xapo because as you said
many people who receive small amount of transactions ( usually bitcoins from faucets website)
but there are no other choice for xapo keeps alive and they starts charging fees is normal.
I agree with you whether they start now or later, they will still need to charge money for their service even when someone told or I read it somewhere that to transfer on Xapo is even free I was surprised and was wondering how they generate money to pay for the maintenance of their infrastructures or the miners like blockchain does but its all good as I dont see the fee not affordable, the issue i will have is if they still want to add another charge on transfer of bitcoin then I see people trooping out of Xapo. But what is not clear is that will it be charge on the receiver or the sender?
because it is new services bitcoin's wallet service and there are no many people who use it
right now many people who use xapo's wallet and today is time for them to taking profits.
That is good strategy on bitcoin's wallets business and I agree with you if the xapo are greed want to add another fees
their costumers will be disappear because of the fees is too expensive.
Really!! One of free transaction wallet has gone. I think Coinbase also start transactions fees for theire customar.If really its happen, there will be no more transaction free wallet.
Its a bad news near to Xapo wallet user that they are taking cherge for receving .next time they will take sending fee from user. one day there will be no more free transaction wallet
I'm not sure how these websites can run for so long without charging such fees, because in general do not charge this and keep the service with good quality is something unfeasible. Such fees are what developers earn to maintain the stability and quality of the services. Its a bad news near to Xapo wallet user that they are taking cherge for receving .next time they will take sending fee from user. one day there will be no more free transaction wallet
Didn't thought that there will be actually a fee to jut receie a transaction. I thought fee is aonly applied for sending the transaction.
This is bad news, I do not like the presence of a fee which I feel is quite large. Xapo is second after Coinbase web wallet, I'll gradually to look for other services that are free, though I will still be using xapo.
You can use blockchain for a web wallet mate. It only charge you 10k satoshi for fee.
This is bad news, I do not like the presence of a fee which I feel is quite large. Xapo is second after Coinbase web wallet, I'll gradually to look for other services that are free, though I will still be using xapo.
Well, that's good to hear if they will do it, because as far as I know all services are in need fee to make their company/business/services survive longer and it looks suspicious why they are doing it in the past for free of charge. And BTW 0.00020645 fee looks too high, are they serious about this? 0.0003097 above received transaction is 0 fee but 0.00020645 and 0.0003097 has a fee of 0.00020645, hmmm, maybe to limit the micro transactions they received from faucets.
0.00020658 fee is too high if you need to send micro transactions. I've been using xapo for all transactions and hence don't mind the limit but for micro transactions, I would need to rely on coinbase unless they too change their terms. It's sad that they decided to charge users but still the limit of 0.00030987 btc is fine. If they start charging for every transaction, I'll stop using their services. Better rely on blockchain then instead of xapo that asked me to verify my wallet just to charge for the transactions.
Xapo must get income from their service if they want be survive on their business,
although it is become bad news for costumer's xapo because as you said
many people who receive small amount of transactions ( usually bitcoins from faucets website)
but there are no other choice for xapo keeps alive and they starts charging fees is normal.
although it is become bad news for costumer's xapo because as you said
many people who receive small amount of transactions ( usually bitcoins from faucets website)
but there are no other choice for xapo keeps alive and they starts charging fees is normal.
I agree with you whether they start now or later, they will still need to charge money for their service even when someone told or I read it somewhere that to transfer on Xapo is even free I was surprised and was wondering how they generate money to pay for the maintenance of their infrastructures or the miners like blockchain does but its all good as I dont see the fee not affordable, the issue i will have is if they still want to add another charge on transfer of bitcoin then I see people trooping out of Xapo. But what is not clear is that will it be charge on the receiver or the sender?
ussualy online wallet can charge fee not receive transaction
charge fee only sending bitcoin
i think is very bad service, if every receive can get fee
much people xapo client can gone
charge fee only sending bitcoin
i think is very bad service, if every receive can get fee
much people xapo client can gone
Really!! One of free transaction wallet has gone. I think Coinbase also start transactions fees for theire customar.If really its happen, there will be no more transaction free wallet.
Its a bad news near to Xapo wallet user that they are taking cherge for receving .next time they will take sending fee from user. one day there will be no more free transaction wallet
Its a bad news near to Xapo wallet user that they are taking cherge for receving .next time they will take sending fee from user. one day there will be no more free transaction wallet
Not fun news :/ . Many people use Xapo for their free transactions. And I think many of these transactions is small.
I think that next step of Xapo will be to take fee for sending small transactions. And finall step will be to take fees for all transactions, no matter it's small or big.
I think that next step of Xapo will be to take fee for sending small transactions. And finall step will be to take fees for all transactions, no matter it's small or big.
Xapo must get income from their service if they want be survive on their business,
although it is become bad news for costumer's xapo because as you said
many people who receive small amount of transactions ( usually bitcoins from faucets website)
but there are no other choice for xapo keeps alive and they starts charging fees is normal.
although it is become bad news for costumer's xapo because as you said
many people who receive small amount of transactions ( usually bitcoins from faucets website)
but there are no other choice for xapo keeps alive and they starts charging fees is normal.
yes, They need more fees to maintain their business. If you have 1 bitcoin transaction, the fee is not high as credit card payment.
It is become very bad news for Xapo users who mainly using xapo just for receiving micro amount of transactions (where all transactins are made without cost).There are many costumer's who does not like to fee any amount for a transactions.As a result,Xapo will be faced temporary problem after little break come back strongly because in reality they need some service fees to maintain their business.
t was already in my mind that one day xapo will start charging a fees when they will get established their business/wallet as none of the business can survive without collecting any fees. With fees they will be the same as other wallets so their competition will be more stricter with other wallets so they will then need more hard work for their business.
Xapo must get income from their service if they want be survive on their business,
although it is become bad news for costumer's xapo because as you said
many people who receive small amount of transactions ( usually bitcoins from faucets website)
but there are no other choice for xapo keeps alive and they starts charging fees is normal.
although it is become bad news for costumer's xapo because as you said
many people who receive small amount of transactions ( usually bitcoins from faucets website)
but there are no other choice for xapo keeps alive and they starts charging fees is normal.
Yesterday I noticed for the first time that XAPO will start charging a fee for incoming BTC transactions. Bad news for the people who used XAPO also for receiving micro transactions. All transactions lower than BTC 0.00030942 will have to pay this fee.
Bitcoin Transaction Fees:
Wallet:
Vault:
Read more:
https://in.xapo.com/fees/
Bitcoin Transaction Fees:
Wallet:
Vault:
Read more:
https://in.xapo.com/fees/
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