Bitcoin trader using BTC China services? There’s some good news in store for you.
The BTC China team announced on Wednesday that they are reducing their withdrawal fee effective today for all customers.
“From popular demand, and to benefit our customers, starting from July 16, 2014, we have reduced our withdrawal fee from 0.5% down to 0.38%,” the company wrote on their blog.
That’s a 20 percent drop, for those keeping track.
On Reddit.com, a company representative added, “we have decided to lower our withdrawal fees due to our users’ high demand as well as to benefit our loyal customers.”
Lately, BTC China has been doing what they can to keep their investor base with them. Th exchange’s popularity has declined, especially since late last year, when BTC China was the largest exchange by volume.
While still large, BTC China isn’t the largest exchange in China any longer. That title goes to OKCoin.
The exchange lowered their trading commission fee in February after reinstating fees in late 2013, following the decline in the price of bitcoin.
Today, the exchange offers traders the opportunity to not only trade bitcoin, but litecoin as well (fun fact: the creator of litecoin is the brother of BTC China CEO Bobby Lee).