Cryptocurrency Q&A
What is the inactivity fee for HitBTC?
What is the inactivity fee for HitBTC?
Michele
Sun Sep 15 2024
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5 answers
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Could you please clarify the specifics of the inactivity fee charged by HitBTC? Is it a fixed amount or a percentage-based charge? Are there any specific conditions or timeframes that trigger this fee? Additionally, is there a way for users to avoid incurring this fee, such as by maintaining a minimum balance or engaging in regular trading activity? I'm interested in understanding the mechanics behind this fee and how it might impact users' experience with the platform.
5 answers
BonsaiStrength
Tue Sep 17 2024
HitBTC, a notable cryptocurrency exchange platform, implemented a controversial policy in 2021 by introducing "inactivity fees." This measure allowed the exchange to deduct funds from accounts that remained inactive for an extended period.
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CryptoGuru
Mon Sep 16 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at the current market price, providing a straightforward and efficient way to enter or exit a position. Its futures trading platform, on the other hand, offers more advanced trading options, allowing users to speculate on the future price movements of various cryptocurrencies.
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Caterina
Mon Sep 16 2024
The amount deducted was a significant $10 per month, significantly impacting users who had parked their funds in the exchange but were not actively trading. The lack of transparency surrounding this fee became a point of contention among the community.
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Luca
Mon Sep 16 2024
The introduction of the inactivity fee was done without proper communication to users. HitBTC failed to send out email notifications to its customers, leaving many unaware of this change in policy. This lack of communication was seen as a significant oversight, causing frustration and mistrust among its user base.
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Stefano
Mon Sep 16 2024
As a top cryptocurrency exchange, BTCC offers a wide range of services to cater to the diverse needs of its customers. Its comprehensive suite of products includes spot trading, futures trading, and a secure wallet service, among others.
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