New Poloniex pricing structure: lower fees coming May 15
Hi there,
As a follow up to last week's blogpost, we want to make sure you are aware of the new maker-taker trading fee schedule coming to Poloniex next week. We'll be rolling out three changes, effective May 15, 2018:
Trading fee tiers will be based on 30-day volume in US Dollars, not Bitcoin. We want you to have reasonable expectations for the fees you will pay based on how much you trade, regardless of drastic movements in currency prices. Going forward, we will be calculating your rolling 30-day trading volume based on the daily average of the BTC-USD rate found here.
We are lowering trading fees across the board. To bring our pricing more in line with the market standard, we're lowering our starting taker fee to 0.20% and our starting maker fee to 0.10%.
We are lowering volume thresholds for fee discounts. Fees for makers will go to 0% when they trade $7,500,000 in a 30-day period; fees for takers will go to 0.10% when they trade $30,000,000 in a 30-day period.
The complete new schedule is as follows:
What is the point in having lower fees if finally when you want to withdraw your funds it takes 4 months to do so!?! There are better exchanges out there. I have had the infamous 'complete:error' bug during withdrawal too many times to ever trust this exchange with my money ever again. Stay away from Poloniex!