$40 is too much. Most exchanges are having far lower minimum deposit. Some people do make mistake and have to contact customer support which can be frustrating. On exchanges like OKX, I know someone that their money were stolen by the exchange like this. I do not have people that is using Remitano. If bitcoin increase more, it is likely they will increase it. Having equivalent of ₦70000 as the minimum deposit is too much is my opinion.
What do you mean as bitcoin static gas fee? I guess you are referring to the exchange.
A member of this community lost his Full member payment on Remitano when the deposit minimum was increased; his Remitano BTC wallet was his signature campaign payment addesss and as usual he got paid $40 in BTC but before the it could confirmed in the block, BTC price was already down abit and he got $39 deposited on Remitano and the coins were lost since the system allowed only minium deposit of $40 ( he claimed he had no idea when the minimum deposit was changed from $20 to $40. That was how he lost his deposit.
I don't know what they wants to achieve with that much minimum deposit.
"Static BTC fees* was referring to their BTC withdrawal fees - they charged more than every exchanges I know ( $30+ fixed withdrawal fees)
Woah! a whole 40$ minimum deposit, this is really bogus and i think this is the first of any exchange with such high rate of minimum deposit. I think I know of kucoin to be around 20-22$ base on the current price of Bitcoin now but raising it up to 40$ is just too high and this particular fate that this person experience might be something so many of their users must have experience because so many people out there might have being using the exchange thinking it's still the same or maybe missed out on their update message that's if they actually sent for people to be aware of the increment.