It is no longer cheap to convert crypto money into currency as Euro and Euro, at least in Bitfinex .
Hong Kong-based stock market, an announcement on Sunday along with high-frequency withdrawal from the withdrawal of the transaction reported.
The platform has announced that it will implement a 3% commission cut for any withdrawal of more than 1 million dollars in the event of a withdrawal of a total of more than 1 in a thirty-day period.
According to Bitfinex, the final pricing structure will not affect 99 percent of users due to the low frequency of operations.
Following Bitfinex’s commission update, new tariffs approached PayPal ‘s commission cuts. According to SalesCalc, a PayPal user has to pay a $ 29,000 fee for a $ 1 million transaction. Bitfinex wants $ 1,000 more for the same amount of transaction.
Some users have accused Bitfinex of deliberately locking up users’ funds. The theory of some users is that Tether, a subsidiary of the stock exchange, has made a fixed crypto money to increase the premium of USDT.