Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Lonechaos
on 13/01/2014, 05:13:07 UTC
We decided therefore to review our fee ledger as follows:

1)  from 0 to 500 BTC                   :       0.15%
2)  from 500 to 2,000 BTC            :       0.14%
3)  from 2,000 to 5,000 BTC         :       0.13%
4)  from 5000 to 15000 BTC         :       0.12%
5)  from 15,000 to 25,000 BTC     :       0.11%
6)  over 25,000 BTC                        :       0.10%

Numbers are applied on BTC traded in the last 30 days.

It would be nice if the fees were calculated in fiat as the value of BTC makes getting in the 5k to 15k range "harder", it requires a lot more USD volume value now than it did at lower price levels. Also, that fee plan seems to put my fee at 0.13% from tomorrow and that is a very unlucky number.

Overall, I find this fee raise a total scandal and I am immediately switching over to an exchange with lower fees and the same great set of of features and supperb service since that's easy to find... in a dream or something.

+1, I think the hike in fees is quite high. But I have more problem with your discount levels (not counting your definition of "market maker") your top tier requires $20million in transactions in 30 days, that's close to $1m a day at current prices, what happens if BTC reach $1500 or more?. Maybe it's feasible in the future when there are more market participants on your exchange and have better liquidity but no way feasible in current conditions.

I hope you could at least review your discount levels a bit. Thanks