I'm still holding USD there. Definitively not taking a 5% haircut!
edit: wow, checked again and the advcash fee is 10% now
Thats too much fee.They posted that they plan to lower fee .edit: wow, checked again and the advcash fee is 10% now
I already waited 10-12 days for bitcoin rate to improve but its getting worse... But, I think I should wait more for lower fee.
The fiat withdrawal fees have most likely been raised to 10% in an effort to stop the carry trade from other exchanges exploiting the high crypto price on WEX. 10% is probably not enough. eg. USD/BTC is currently trading about 13% higher on WEX than other exchanges.
Yeah, thats a problem because this way many people brings crypto into Wex, sell and request a fiat withdraw. Wex is running out of fiat due to this and then increased fees but this is leading to trade volume reduction which is not good for the business. They need to bring more fiat to the equation to get things back to normal but sure its not easy being easy for them because there is millions of fiat in users accounts but they didnt' get any fiat from Btc-e when the platform started.