Announcement on Charging Depositing Fees for Small Deposits

A Small Deposit Fee (SDF) of 0.0005 BTC will be applied to POIM and Bixin users whose current Bitcoin deposit balance is less than 0.05 BTC starting from 00:00(UTC + 08: 00) on January 15, 2018. Deposits below 0.0005 BTC will not be credited.

Why SDF?

Many small deposits create an excess of tiny wallet inputs that can accumulate. As an off-chain wallet, we have to input consolidation maintenance continuously, and this will eventually raise the cost for every user.

Under the current Bitcoin network environment, to ensure the benefits and user experience for all users, we have to charge a small deposit fee. Accordingly, there will be a significant drop in our withdrawal fee.

Thank you for your support, we will continue providing you with safe and convenient service.

Bixin
December 27, 2017

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UPDATE:

With the significant reduction in transaction fees for the Bitcoin network, starting today, deposit fee for small amounts will be reduced from 0.0005 BTC to 0.0001 BTC.

Bixin IM
March 2, 2018

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