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Wednesday, March 22, 2017

Bitcoin, Ethereum Fees Now for Users to Pay: Coinbase

Bitcoin, Ethereum Fees Now for Users to Pay: Coinbase

Coinbase has announced it will charge users a fee to send both Bitcoin and Ethereum due to what it calls “significant costs.”

In an update about its “spring cleaning” Wednesday, the exchange and wallet provider said it would no longer pay Bitcoin and Ethereum network miner fees from March 21.

The post states:

“We now have over six mln users worldwide, and this has become a significant cost. Fees will be assigned dynamically based on the current network conditions and will be paid by customers when they send an on-chain transaction.”

Full story at http://bit.ly/2nEVmvC

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