Bitstamp crypto exchange will charge users for being inactive

[Hanno Labuschagne]

Bitstamp crypto exchange will charge users for being inactive

Crypto exchange Bitstamp plans to charge a monthly “inactivity fee” for certain users, as the market downturn weighs on trading volume in the industry.

The charges, at 10 euros ($10.27) per month, will apply to accounts that haven’t traded, deposited, withdrawn or staked assets for a year with a total balance of less than 200 euros, starting Aug. 1, Bitstamp said in a company blog.

[Bloomberg]

 

[PhireSide]

Somehow, I think this will have the opposite effect that they intended.

 

[PCWARITM]

Shoot yourself in the foot. What on earth.

 

[NarrowBandFtw]

hmmm, guess it's time to close that Bitstamp account then

 

[_TrXtR_]

SABC is that you?

 

[Sworaxe]

 

[wingnut771]

I'm sure they will have a lot of activity now.

 

[DapperDanMan]

exchange will charge users for being inactive

Couch potatoes?

 

[Jet-Fighter7700]

I'm sure they will have a lot of activity now.

or more likely bots that trade a small amount of coins, to their own wallets to keep the account active.

 

[Danie_V]

hmmm, guess it's time to close that Bitstamp account then

I was more certain - within 60 seconds of getting the mail I closed that account ;-)

 

[NarrowBandFtw]

I was more certain - within 60 seconds of getting the mail I closed that account ;-)

I wasn't paying attention to the mails, my account's been inactive ever since I changed phones and didn't bother to reset 2FA with them

but yeah, closure in process today, never used it much and certainly won't if they charge monthly fees

 

[NarrowBandFtw]

and that's how a truly free market works, you piss off customers, you learn a lesson:

Bitstamp Inactivity Fee Canceled After Customer Response

Bitstamp was going to charge about $10 to some customers that weren’t actively using their accounts.

www.coindesk.com

too late for many though

 

[mercurial]

ANC-worthy.

 

[Speedster]

Lol. They back-pedalled

A few days ago, you received an email from us regarding changes to our fee structure, specifically the introduction of an inactivity fee for accounts that met certain criteria. Please disregard this email, your account has not been charged and we will not be introducing the inactivity fee.

 

[Danie_V]

Lol. They back-pedalled

Too late, I instantly closed my account. Really think companies must stop this "let's see what we can get away with, and otherwise back pedal" approach. I did the same with WhatsApp before they back-pedalled (partially only), and I don't then just go back.