Post
Topic
Board Service Announcements
Re: Announcing a new bitcoin exchange with UK banking - www.bit121.co.uk
by
s1lverbox
on 16/12/2013, 09:23:38 UTC
Quote
£10.00 for all deposits
£10.00 for all withdrawals

This is ridiculous...

Faster Payment transfers from UK banks to UK banks are FREE... how do you justify charging users £10.00 for all deposits AND withdrawls ?

Why should I a UK bitcoiner switch to using bit121 instead of just doing a SEPA transfer to Kraken which is also £10.00, but only 0.09 Euros to do a withdrawl?
I might be wrong, but I think they charging that because they know they will fail andoney must be made somehow.  joke is to pay for something which is free. if i want to buy BTC I can go to forum and pay that 20 more and get it without using expensive exchange with 0.25% fee.