Deposit/Withdrawal Fee Adjustment---BTER.COM

zoro 2016-01-28 20:02:30 UTC #13

OMG!

Nagalim 2016-01-28 20:05:47 UTC #14

Great…so i took a straight 2% loss for withdrawing nbt and depositing btc yesterday before the 1% bonus. Assholes…

nmei 2016-01-28 20:28:16 UTC #15

I pulled 1/2 of my LP last night - I converted some to BTC, but just took the 1% hit on most…

NubitGuy 2016-01-28 20:45:32 UTC #16

bter 1 btc buys 99999.999 NSR at 0.000001000 -Fee of (0.2%) - 1% fees withdrawal -2 NSR = 98799.99901198 total lost -1199.99998802 vs other exchanges with only losses of -201.999998 NSR that means bter makes 1BTC worth of NSR for each 83.333 BTC traded for NSR

Nagalim 2016-01-28 20:56:39 UTC #17

Now you get 1% extra when you deposit BTC though. So you’re right for this week, but if we kept using Bter it wouldn’t happen in future weeks.

However, this clearly shows Bter is happy to screw over its loyal customers (by rewarding new deposits and not old). We shouldn’t do buybacks there anymore and I’d be happy to wind down NuPond operations there.

NubitGuy 2016-01-28 21:14:57 UTC #18

ya your right the +1% deposit Btc lower loses per btc but still little weird they would add these fees

mhps 2016-01-29 03:50:53 UTC #19

Would you mind sending this to Bter and telling them this will cost them thousands $ of trade perday? @wengone could use his connection to tell bter about our unsatisfaction and counter action, too.

Nagalim 2016-01-29 05:33:24 UTC #20

I already sent them a nasty email threatening to pull nsr buyback and nupond support. No response thusfar.

masterOfDisaster 2016-01-29 06:20:30 UTC #21

It will be interesting to find out whether Nu can make deals with exchanges that rather e.g. reduce fees (or support in other ways) than lose trades supported by Nu.

Nagalim 2016-01-29 06:24:18 UTC #22

See the issue here is not the actual fee. This move by Bter does one thing primarily: it makes all old deposits 1% less valuable. Note that this applies to the BTC-B that they owe as well.

This really is unprecidented and unheard of to impose 1% tax on all current deposits without any forewarning. We should not do business there.

masterOfDisaster 2016-01-29 06:30:21 UTC #23

I agree.
I’d still be interested to find out whether they give a … for professional players.

huafei 2016-01-29 09:45:06 UTC #24

out of bter now , see what happen after the Spring Festival holiday .

nmei 2016-01-29 14:22:38 UTC #25

Have you notice - it looks like they’ve removed all trade fees?

huafei 2016-01-29 14:27:56 UTC #26

no news about remove trade fee…

Nagalim 2016-01-29 14:31:40 UTC #27

https://bter.com/fee
Still shows there^

nmei 2016-01-29 14:32:17 UTC #28

Well, I just started converting my CNY -> BTC to withdraw, and the fees did not auto calculate as they usually do on the trade page.

nmei 2016-01-29 14:36:16 UTC #29

Ok…I see, since I was trading CNY there was no fee.

zoro 2016-01-29 15:03:53 UTC #30

If they remove the fees then they are going where cryptsy is!

nmei 2016-01-29 16:26:15 UTC #31

My apologies, it was just with CNY.

Either way - the vast majority of my LP has been removed.

NubitGuy 2016-01-31 08:25:07 UTC #32

they just added a second stage email confirmation login would be nice to have some update of changes from them now and then even on twitter after being hack last time they should think about clients concern about abrupt change without notices