Bitstamp to Introduce New Fee Structure
Bitcoin exchange Bitstamp has announced that it will be amending its fees at the beginning of March.
Feb 26, 2015 at 3:54 p.m. UTC:format(webp)/downloads.coindesk.com/arc/failsafe/placeholders/16x9.png)
Bitstamp is to simplify its fee schedule next month, a move that will reduce costs for the "vast majority" of clients, according to the company.
The Slovenia-based bitcoin exchange said that the revised charges will go live on 2nd March.
The new fee system, which groups market participants according to the amount of dollars traded over a 30-day period, has significantly lowered the transaction fees charged by the exchange.
The current fee structure states that a buyer or seller trading less than $500 would be subject to a 0.50% fee. However, the revised proposal will mean that traders spending less than $20,000 will incur a 0.25% charge.
A spokesperson for Bitstamp has confirmed that the fee rounding policy will remain unaltered.
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