Good news! Changes to bitcoin core wallet withdrawal limit and fees

[maricans 401]

CoinPot - Cryptocurrency microwallet: Changes to bitcoin core wallet withdrawal limit and fees.

 

As you may know, due to recent significant improvements to the bitcoin network the current mining fees are extremely low and appear to remain so for the 
foreseeable future.

Therefore we are very happy to announce that we have made the following changes to CoinPot bitcoin core wallet withdrawal limit and fees...

* The minimum withdrawal limit has been reduced from 0.00025 btc (25,000 satoshi) down to 0.0001 btc (10,000 satoshi).
* Withdrawal fees have been completely removed! Previously there was a 0.00002 btc (2,000 satoshi) fee for withdrawals of less than 0.001 btc (100,000 satoshi).

PLEASE NOTE: If the network mining fees rise again then we will of course have to review this and we may need to re-introduce withdrawal fees and/or 
raise the withdrawal limit again.

 

http://coinpot.co/news/changes-to-bitcoin-wallet-withdrawal-limit-and-fees

Edited December 6, 2019 by maricans

[Gusion 321]

This is an opportunity for us. Thanks for sharing such info. With that wallet, we can have more profit since the transaction fee is not high. I've been earning and I stored my coins in Yobit. It is pretty good but the fee is too much. Is it possible that I can move my coins to that wallet?

[Castilian 69]

2 hours ago, maricans said:

CoinPot - Cryptocurrency microwallet: Changes to bitcoin core wallet withdrawal limit and fees.

 

As you may know, due to recent significant improvements to the bitcoin network the current mining fees are extremely low and appear to remain so for the 
foreseeable future.

Therefore we are very happy to announce that we have made the following changes to CoinPot bitcoin core wallet withdrawal limit and fees...

* The minimum withdrawal limit has been reduced from 0.00025 btc (25,000 satoshi) down to 0.0001 btc (10,000 satoshi).
* Withdrawal fees have been completely removed! Previously there was a 0.00002 btc (2,000 satoshi) fee for withdrawals of less than 0.001 btc (100,000 satoshi).

PLEASE NOTE: If the network mining fees rise again then we will of course have to review this and we may need to re-introduce withdrawal fees and/or 
raise the withdrawal limit again.

 

http://coinpot.co/news/changes-to-bitcoin-wallet-withdrawal-limit-and-fees

Hello Mr. or Ms, Maricans. This is great news!!! and certainly the lowest fees in wallet transactions that I have seen anywhere in the cryptoworld. Hopefully you won't have to raise them again

[sdsonjoy50 886]

I think it would be good for all of us to reduce this fee and we would benefit a lot before we could raise it with a lot of fees.

[Migo 7946]

It is great wallet I used it a while ago and even now I still use it, I always recommend it, it is wonderful and you can't lose too much money when you want to withdraw to cover the fees 

[maricans 401]

7 hours ago, Castilian said:

Hello Mr. or Ms, Maricans. This is great news!!! and certainly the lowest fees in wallet transactions that I have seen anywhere in the cryptoworld. Hopefully you won't have to raise them again

Indeed yes,

that "certainly the lowest fees in wallet transaction" for btc, and hope that mining fees will not rise so that free fee for transaction will remain. i think so.

6 hours ago, Hashimi said:

Exactly what I needed to know. I still plan regular backups but have not yet done so after creating some new addresses. Since I am using the latest version , I should be good to go.

I also agree it’s sad I need that disclaimer, Also can you provide some more guidance to?

Indeed yes,

that it need to have such disclaimer, nonetheless as far as now, withdrawal transaction is still free, may be this can help: http://coinpot.co/news

[scorpiali 5626]

I was using coinpot when there is no fees at all and stopped to use it with this new rules but now they have conscience that's not very good and try to low the fees again, that's good

[fuer44 1083]

I understand that, indeed all costs will be adjusted to the circumstances that occur or we can say all of that is situational.

[duncun007 3577]

yea thats good news indeed because the fees nowadays are insane because i remember when poloniex and bittrex both had 10k satoshi as withdrawal fees and it was like that for a long time then they changed it to 50k which is just too much. but yea it depends on the network mining fees.

[alexisfuentes 2130]

1 hour ago, fuer44 said:

I understand that, indeed all costs will be adjusted to the circumstances that occur or we can say all of that is situational.

It is something that always happenes and when they do this you can find the support without asking for it.  That is wallets must have fair rates.

 

Others also adjusted their deposit and withdraw rates, us have to ask why some wallets or exchange keep the same fee and do not change them even when the price falls so much or the developer achieve improvements.

 

[Afrizal rahman 2636]

Thanks for the information. if it's true that is good news for us, the reduction in withdrawals is very important to us. even free of charge is also what we expect.

[fuer44 1083]

5 hours ago, alexisfuentes said:

It is something that always happenes and when they do this you can find the support without asking for it.  That is wallets must have fair rates.

 

Others also adjusted their deposit and withdraw rates, us have to ask why some wallets or exchange keep the same fee and do not change them even when the price falls so much or the developer achieve improvements.

 

because they don't want to lose, even if the price falls or rises, the fee will remain the same. maybe if there is an increase, the fee can go up, but when it goes down, the fee won't go down. therefore, instead of the team taking the risk by slisting their coins into an exchange whose trading volume has not been high, not the high prices achieved, they may even find a fee that is not appropriate but a low exchange rate.

[maricans 401]

22 hours ago, duncun007 said:

yea thats good news indeed because the fees nowadays are insane because i remember when poloniex and bittrex both had 10k satoshi as withdrawal fees and it was like that for a long time then they changed it to 50k which is just too much. but yea it depends on the network mining fees.

Indeed yes,

as far as coinpot is concern, withdrawal fees depend on the network mining fees, so minimum withdrawal can be adjusted higher or withdrawal fees can be implemented in neither way.

13 hours ago, Hanhassie said:

Miners will now enjoy the service, they will now freely withdraw their balance without fee, also with a small minimum cap

Indeed yes,

free withdrawal fees is such a huge thing in our bitcoin withdrawal and other alt coin. hope it will remain this way in those coming days. i think so.

[duncun007 3577]

1 hour ago, maricans said:

Indeed yes,

as far as coinpot is concern, withdrawal fees depend on the network mining fees, so minimum withdrawal can be adjusted higher or withdrawal fees can be implemented in neither way.

Indeed yes,

free withdrawal fees is such a huge thing in our bitcoin withdrawal and other alt coin. hope it will remain this way in those coming days. i think so.

i think we can reduce the mining fees specially for miners but the mining fees can never be 0 or withdrawal fee also cant be 0 like in NEO because its also minors who benefit from such fees.

[Benjamin 84]

This posts is very important to us because many people are problematic in terms of withdrawal fees in any exchanger or wallets because it has a high fee to be paid before you get your coins but in this news, it will lessen the fees now so that why this important to us.

[BitMart 326]

A very good work by Bitcoin devs and this could be very helpful for many those was complaining about high fees hopefully they will bring some more beneficial things for newbeis these will be very helpful for marketing about spreading bitcoin and crypto world.

[sportlopez9000 232]

There really needed to be a change in fees. People who have large amounts of Bitcoin just want to hold it, and it's really meant to be used and sent instead of just holding even if it's small amounts. There is no community being created from the greedy, so hopefully this will spur on new projects where you can send small amounts.

[Jimmy 437]

Never heard coinpot before but that was good news, I hope the fee will always low so your user can comfort using your wallet, Maybe i will try it later too, I save it on bookmark for now!

[Sumayya 493]

Actually that is a good news, no more high minimum withdrawal and also low fee thanks coinpot.

[Emma 611]

8 hours ago, Rifat773 said:

I don't know about it. I have a lot of desire to know. Let me know If I knew about it, I would know about bitcoin changes in fees

I am also in a confushion.i think it is for the miners. we have to pay a noticable amount as transection fee in every wallets or.exchanges.

[tienda 8776]

Sincerely thank you for this best information, because there are some wallets or websites exchange when the price go up or down never adjust their fees why? This is not fair!

[maricans 401]

11 hours ago, Ahmad Isah Suleiman said:

Nice information. Actually Bitcoin has very interesting features especially very low transaction fees and privacies

Indeed yes,

that this is the main feature of bitcoin, anonymous identity will help people in terms of privacy, nonetheless low transaction fees will help a lot in terms of crypto transactions. i think so.

[suzuya 945]

This is really a great news for the people who uses CoinPot, sadly I can not use it because I will have a hard time on converting it to our fiat money and also I will encounter some difficulties when I withdraw it. I will still use my current wallet because it is really accessible and easy to use for me.

[maricans 401]

On 12/12/2019 at 6:42 PM, suzuya said:

This is really a great news for the people who uses CoinPot, sadly I can not use it because I will have a hard time on converting it to our fiat money and also I will encounter some difficulties when I withdraw it. I will still use my current wallet because it is really accessible and easy to use for me.

Indeed yes,

it's really a nice one for those who use it, in my personal i have been using coinpot wallet almost years now as an storage of crypto currencies and then withdraw it to my other wallet for fiat conversion and withdrawal.

[mani982 286]

i do not know about this .if this is happen in real then this is good news that We will save huge funds and we can send minimum amount with low transaction fees.