Bitstamp to introduce revised fee system

Bitstamp, a Slovenia-based bitcoin exchange, will introduce a new fee system which, according to it, will lower costs for most of its clients. The company announced that the revised charges will be implemented from 2^nd March.

The simplified fee system categorises market participants on the basis of the amount of dollars traded during a 30-day period. It has considerably lowered the transaction fees charged by the exchange.

Under the current system, a client trading less than $500 would incur a 0.50% charge, while, under the new proposal traders spending less than $20,000 will be subject to a 0.25% fee.