The charges will apply to accounts that haven’t traded, deposited, withdrawn or staked assets for a year
Crypto exchange Bitstamp plans to charge a monthly inactivity fee for certain users, as the market downturn weighs on trading volume in the industry. "We recently sent out an email informing customers that starting August 1, some inactive accounts will be charged an Inactivity Fee of 10 a month," the company said in a blog post.
The charges, at 10 euros ($10.27) per month, will apply to accounts that haven’t traded, deposited, withdrawn or staked assets for a year with a total balance of less than 200 euros, starting August 1, Bitstamp said in a company blog. Users in the US aren’t subject to the charges.
“On the August 1, 2022, If you have traded, deposited, or withdrawn, or staked assets with Bitstamp Earn, in the preceding 12 months, you’re not affected by the charge at all. It doesn’t matter if your total balance is above or below 200, you’re an active customer," it added.
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