Mining/withdrawal fees


2017. Nov. 12. 01:57

Mining/withdrawal fees

The mining/transaction fees have started to get out of hand. Currently the cheapest price to withdraw is over £5 worth of bitcoins.

A notification was added on the trade request screen to warn users if this value is high.

We have gotten some angry emails about the high fees, using the word ‘greed’. Again we would like to remind everyone that the mining fees go to the bitcoin miners and it’s not something we make up or keep for ourselves. The fees are calculated automatically every few minutes and we rely on statistics taken from to estimate how much BTC is needed for a fast confirmation. We also provide different options targetting different confirmation times.

In the past we have seen fees get high and return to low levels and hope this will happen again soon.