An exchange not charging trading fee?? Did they just started doing charity? Looks fishy to me.
Mintpal was a super exchange that started off fantastic and was doing really well until it got hacked for lots of vericoin, the hit caused them to sell the business. The new owners decided they wanted to beef up the site so they took it down for a while -- a long while, at least longer than they anticipated and reported.
Well here we are a few days later and the site is back up. Apparently the owners of the site knew the delay would cause a run on the bank, so apparently to nip that in the bud they got rid of the trading fees to encourage people keep their money in place.
Well it worked on me, I was planning to withdrawing almost everything, but after I saw no fee I decided to keep a third of what was there there.
I'm told the discount will last for a while -- I look forward to it.
Read this:
https://bitcointalk.org/index.php?topic=812889.0;topicseenPeople are unable to withdraw their coins and this " no trading fees" feature is probably to lure and acquire more coins.
Honestly, I do not believe the people who are claiming to have their withdrawals processed.
What, you don't believe who?
I can prove beyond a reasonable doubt, with empirical irrefutable evidence that I withdrew a large sum from mintpal on Sept 6th 2014.
Care to make a wager, your belief vs my proof?
As for the "lure" comment they don't need to lure anyone, their intentions are not nefarious, but they do recognize the fact that they wore at the patience of their customers.
The CC industry is getting smaller and smaller, so if they want to keep things flowing they better keep as much market share as possible. The no-fee thing is a smart move to do just that.
Today is their first day up, the glitches are expected for the rest of the week. as well as all of the withdrawal issues, and all of the complaints. Remember, before they took the site down the demand for service was huge, that run on the bank enabled them to know what was going to happen on the other side of 'rebot'.