Crypto exchange Bitstamp to impose fee on inactive accounts

The new measures will affect users with assets worth less than €200 who have not made transactions for a year

06.07.2022 - 12:45

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What’s new? Cryptocurrency exchange Bitstamp will impose a monthly fee on accounts with an account balance of less than €200 that have not made transactions for 12 months or more. According to the company’s blog, an “inactivity fee” will start being deducted from August 1 and will be €10 per month. The fee will not apply to users from the United States. Representatives of Bitstamp attributed the new measures to the costs of maintaining inactive accounts.

Bitstamp’s blog

How to avoid the “inactivity fee?” The Bitstamp team informs users that there are three ways to avoid the additional fee:

Buy or sell cryptocurrency (the minimum transaction amount is 25 euros, US dollars, or pounds sterling).
To deposit or withdraw funds in fiat or cryptocurrency (the minimum deposit in fiat is 25 euros, US dollars, or pounds sterling).
Staking via Bitstamp Earn.

Bitstamp had previously started asking its customers for the source of the assets they store on the platform. The exchange imposed new measures to comply with the regulatory requirements. In April, Bitstamp began blocking Russians without the option to withdraw funds.

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