Quote from: danone2001 on November 09, 2013, 04:43:18 AM

Quote from: Portnoy on November 08, 2013, 10:04:02 PM

Quote from: danone2001 on November 08, 2013, 04:58:07 PM

Hello everybody.
As a new forum member I am resorted to posting it here rather than in Cavirtex (Canadian bitcoin exchange) thread.
Recently Cavirtex, introduced an absolutely ridiculous new fee: inactivity fee.
They will be charging 50$ a month if you do not perform transactions during a year period.
For some people who created an account with them with a strategy to hold for a long term, that might spell very expensive bad news.

Cavirtex, are you out of your mind? Are you desperately trying to loose your customers?

If you are a Canadian and a Cavirtex customer, please express your opinion.
Also if you are a Canadian please let us know what alternative exchanges do you use?

Virtex is not a bank. You shouldn't use them like that.

They have had that inactivity fee for quite a while. They were very open in announcing it.
Why would anyone hold any money on an exchange for over a year?

Sorry, but you have completely missed the point. As a matter of fact your statement additionally emphesises the absurdity of the fee. In order to execute a single trade you have to have some cash in the account. To transfer the cash to Cavirtex from your bank will cost you 30$. Effectively you will either be forced to either pay the fee associated with buying, or you will have to pay 50$ a month. There is no other exchange, that I know of that has similar draconian rules.

If you have no money there you don't have to worry about losing any of it. If you do have money there buy a small amount of BTC and you will have activity, which will keep you safe for another year of inactivity. Roll Eyes