Inactive Bitstamp users will pay a monthly fee

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Cryptocurrency exchange Bitstamp will start charging a monthly fee from some inactive account holders. The site announced this in blog.

The “Inactivity fee” will be introduced from August 1st and will amount to €10 per month. It is applicable to clients with an account balance of less than €200 who have not traded, deposited or withdrawn assets to Bitstamp within a year.

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You can avoid additional fees by:

  • buying or selling cryptocurrencies (minimum amount is $25, EUR or GBP);
  • depositing or withdrawing funds (similar minimum amount);
  • staking via Bitstamp Earn.

The site team explained the innovation by the costs of maintaining inactive accounts.

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In April, Bitstamp asked customers for information about the origin of their crypto assets. Users reported that the exchange has closed withdrawals for EU customers who have not verified the origin of deposits.

In May, the site announced the appointment of a new CEO.

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Source: Cryptocurrency

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