Post
Topic
Board Service Discussion
Re: Bitstamp TX Fee Exploit - Charge 1.16% instead of 0.2% without your consent
by
smooth
on 09/05/2014, 07:16:12 UTC
They are still going to charge much higher than the posted fees in some cases. The minimum is $5, that's great. But what about $5.01? The fee should be $0.01002 but instead you will be charged $0.02. Okay the breakage seems capped at double now, but that's still a lot.

Their base fee is .5%.
If you place a $5 order you should be charged $0.025, but instead you will be charged $0.03.

In other words, even with their "fix", you'd get charged 20% more than advertised.

I see folks cheering because their answer to the situation was fast...
It's as if the people here would be happy to be served a plate of steaming shit in a restaurant, instead of actual food, as long as the waiter's fast.

Except that the subject of the thread says 0.2% which leads to the (almost) double fee on a $5.01 trade