fees

Getting In and Out of the Cryptocurrency Economy Can Be Costly

Since bitcoin and digital currencies have become popular, fiat on and off-ramps have sprung up that allow investors to enter and exit the cryptoconomy. However, many of the entryways into cryptocurrency markets have a hefty fee between 1-4% of the overall purchase and in order to obtain fiat for crypto the fees are just as...
Read More

These Myth-Busting Articles Dispel Common Bitcoin Myths

Recently, a few Bitcoin Cash (BCH) proponents have been writing a series of myth-busting articles that describe Bitcoin technicals generally thought to be true but which are not. The articles posted on the read.cash blog have reviewed topics like 10-minute confirmation times, SPV wallets, PoW energy usage, and rising network fees. Also read: Meet Snowglobe:...
Read More

OpenLedger Suddenly Raises Withdrawal Fees to 5%

Centralized exchanges have been both a blessing and a curse upon the crypto industry. OpenLedger recently introduced some odd changes that don’t sit well with its users. When an exchange increases withdrawal fees for no apparent reason, there will be some dismay. What is Going on at OpenLedger? Those fees now sit at 5% of...
Read More

Indian State of Kerala to Produce 20,000 Blockchain Specialists in 2 Years

Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries have a lot in common as well. The two regional rivals share...
Read More

Why Crypto Exchanges Should Lower Their Fees and Profit Margins

The crypto industry has yet to evolve from exchanges which are nothing more than digital banks in reality. A couple are taking bold moves to slash their fees but how many others will follow and how will it affect the wider crypto industry. Crypto Exchanges: Banks in Disguise True financial decentralization should consist of direct...
Read More

Cost of Storing Bitcoin Increasing, Currently Estimated at 2.1% pa

There are a number of costs associated with using bitcoin and while it is still far cheaper than using traditional banks, they still need to be accounted for. Storage of the digital asset also has a cost and it has been rising. Bitcoin Storage Costs Escalating At the moment most people use centralized exchanges which...
Read More

5 Things to Know About Grams Wallet’s Terms of Use Before GRM Launch

Encrypted messaging service Telegram has published the terms of service for its native cryptocurrency wallet Grams Wallet. Cloud-based instant messaging service Telegram has released terms of use for its native cryptocurrency wallet Grams Wallet. On Oct. 8, Telegram published terms of service the Grams Wallet, the wallet designed for its native cryptocurrency Gram (GRM), noting...
Read More

Crypto Community Erupts As Coinbase Increases Fees for Retail Traders

On Thursday afternoon, Coinbase’s professional cryptocurrency exchange, the fittingly-named Coinbase Pro, revealed that it would be implementing a new fee structure to “increase the depth and liquidity of our markets”. To the surprise of many, it wasn’t a move to decrease fees for the majority of Coinbase’s vast clientele. The crypto community was quick to...
Read More

Uproar As Bitcoin Exchange Coinbase Pro Hikes Fees By Up To 233%

US Bitcoin exchange Coinbase has announced it will introduce new fees which will more than double usage costs for some low-volume traders. Low-Volume Traders Feel The Pinch In a blog post on October 3, officials confirmed that the new fee schedule would apply to all Coinbase Pro users from Monday next week.  Coinbase Pro is...
Read More

Bitcoin, Ethereum Enjoy Highest Demand Compared to Others

There are a number of metrics that can be used to ascertain how popular a crypto asset is. Transaction count and hash rates are common ones but the amount generated in daily fees is also worth looking into. In a rare movement yesterday Ethereum actually flipped Bitcoin for this metric. Ethereum Flips Bitcoin But only...
Read More

Ethereum Flirts Again With Passing Bitcoin in Daily Transaction Fees

Bitcoin has been the reigning money of choice within the cryptoeconomy since the ecosystem’s start, but Ethereum is continuing to climb toward king of the hill — at least if daily transaction fees are any indication. “As of September 15th, ETH had $182,899 daily transaction fees compared to $185,993 for BTC,” cryptocurrency data firm Coin...
Read More

The EagleFX Kraken Platform Review 2019

Background Founded in July 2011 by Jesse Powell (Present CEO), Kraken is renowned to be one of the most widely accepted and oldest cryptocurrency platforms. Kraken, which has its base in San Francisco, was officially launched as an exchange platform in September, 2013. One of the landmark achievements of this platform was in 2014 when...
Read More

Bitcoin Fees Today Over 88% Less Than December 2017

Bitcoin Fees in December 2017 were almost always above $10, sometimes reaching nearly $30. Today we are nearly at the same price and fees have dropped considerably; less than a dollar in most cases. But has Bitcoin actually scaled, or is it just a case of fewer transactions happening on the network? Fees are only...
Read More