BTC China Issues Fee Change Notice

The folks over at BTC China have, as of January 3rd, implemented a change in fees, according to a notice published on Friday.

Effective immediately, BTC China says the following will change:

• CNY Withdrawal fee is reduced from 1.0% to 0.5%
• BTC China will use the Maker-Taker fee/rebate model for trading:
  1. Limit orders not executed immediately will be rewarded a 0.3% rebate on execution.
  2. Orders executed immediately will continue to incur a 0.3% transaction fee.

The changes, of course, come as the recent drama has unfolded with the Chinese government throwing down the banhammer — preventing money processors from working with bitcoin exchanges.

BTC China continues to tweak their model in order to retain a customer base.