the bitcoin trading platform hit btc charges a fixed fee for bitcoin deposits on its platform to cope with the high bitcoin handling fee

Time:2021-12-26 Source: 906 views Trending Copy share

The cryptocurrency exchange Hit BTC has notified customers that they need to pay a new fee to deposit bitcoin on the platform. This move may be followed by more exchanges as they try to find a way to deal with high network fees, rather than accepting new customers or recommending their existing use of Litecoin or Bitcoin Cash. Hit BTC fee Hit


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The cryptocurrency exchange Hit BTC has notified customers that they need to pay a new fee to deposit bitcoin on the platform. This move may be followed by more exchanges as they try to find a way to deal with high network fees, rather than accepting new customers or recommending their existing use of Litecoin or Bitcoin Cash.

Hit BTC fee

Hit BTC announced that beginning Friday, December 22, users will now be charged a fixed fee for all Bitcoin deposits. This new deposit fee will be deducted from any income from Hit BTC and constitute 0.0003 BTC. The company warned that if the deposit is less than or equal to the fee, the entire amount will be used as a commission and will not be refunded.

At present, high fees are the main problem for all transactions dealing with Bitcoin, especially those with high transaction volume. Bitpay recently explained that high fees make BTC invoice payments less than $100 impractical and uneconomical. Global payment service providers even stopped allowing transactions under $100, set a minimum, and then hurriedly resumed under pressure from the Bitcoin community.

Difficult times

Hit BTC explained to customers that the Bitcoin network has been in a difficult period in the past few weeks. The company stated that due to the substantial increase in demand, a large number of transactions are now conducted through the BTC network. The exchange stated: "This has resulted in a large number of transactions waiting on the exchange, requiring longer processing time and unprecedented fees," while avoiding any potentially sensitive topics such as small and large blocks.

The company also claims that this measure is to "strengthen" all Bitcoin processes and provide stability for major cryptocurrency functions.

This will help facilitate transaction processing and maintain the liquidity and security of Bitcoin on Hit BTC, reaching a position where we think traders are worthy. "

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