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Bitstamp to Introduce New Fee Structure
Bitcoin exchange Bitstamp has announced that it will be amending its fees at the beginning of March.
Bitstamp is to simplify its fee schedule next month, a move that will reduce costs for the "vast majority" of clients, according to the company.
The Slovenia-based bitcoin exchange said that the revised charges will go live on 2nd March.
STORY CONTINUES BELOW
The new fee system, which groups market participants according to the amount of dollars traded over a 30-day period, has significantly lowered the transaction fees charged by the exchange.
The current fee structure states that a buyer or seller trading less than $500 would be subject to a 0.50% fee. However, the revised proposal will mean that traders spending less than $20,000 will incur a 0.25% charge.
A spokesperson for Bitstamp has confirmed that the fee rounding policy will remain unaltered.
