Crypto exchange Bitfinex has raised the minimum fee for fiat currency bank wire withdrawals and we’ve covered the details in The Daily. We also look at a San Diego-based company’s new hardware cryptocurrency wallet and the decision of one of Portugal’s leading football clubs to issue its own token.
Also read: US Defense Department Probes Blockchain, Singapore Approves 1X
Bitfinex Charges $60 for Bank Wire Withdrawals
Bitfinex has raised the minimum fee imposed on fiat withdrawals to bank accounts. The Hong Kong-based cryptocurrency exchange now charges at least $60/€60, or 0.1 percent of the withdrawn amount, Forklog reported. Users who want 24-hour money transfers on working days will have to pay a 1 percent fee.
The minimum withdrawal fee for fiat funds at Bitfinex used to be just $20. On Nov. 11, the exchange announced plans to charge a 3 percent fee on all external wire withdrawal requests exceeding certain frequency and size limits — more than two fiat withdrawals a month and more than $1 million in aggregate in fiat withdrawals in any 30-day period. The latest increase was not mentioned in the press release.
Bitfinex is currently the fifth-largest digital asset trading platform by daily volume, according to data provided by Coinmarketcap. The exchange has estimated that the new fees will not affect what it called “regular withdrawals” by most of its customers.
FLX One Wallet Released
San Diego-based FLX Partnership Ltd. has announced the release of its latest cryptocurrency hardware wallet. FLX One supports 20 popular cryptocurrencies, including major coins such as BCH, BTC, LTC and ETH. The device comes with a built-in rechargeable battery and Bluetooth wireless functionality. Mobile apps for both iOS and Android systems are already available.
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