In order to speed up the withdrawal of Bitcoin, China will implement a tiered fee system for withdrawals starting from the 16th

According to the news on Oct. 17, Bitcoin China announced yesterday that in order to speed up the withdrawal, Bitcoin China will implement a tiered fee system for withdrawals. Starting Oct. 20, the withdrawal fee will be raised to three times the original fee. It is understood that Bitcoin China will stop withdrawing money at 12:00 noon on Oct. 30, Beijing time.

Bitcoin China said that after the withdrawal is closed at 12:00 noon on October 30, the platform may stop the online withdrawal service. According to the Anti-Money Laundering Law and other relevant laws and our company's risk control management requirements, users need to complete video authentication to withdraw money, and may need to provide more information. Please understand and actively cooperate.

The following is the full text of the announcement:

Dear Bitcoin China users,

Once again, we remind you that BTC China will stop withdrawing money at 12:00 noon on October 30th, Beijing time. Please withdraw money/money as soon as possible. In order to speed up the withdrawal, BTC China will implement a tiered fee system for withdrawals from now on. The specific withdrawal fees are as follows:

1. From now until October 20, the original platform fee will be maintained, namely:

BTC withdrawal fee: 0.0015 BTC;

LTC withdrawal fee: 0.001 LTC;

ETH withdrawal fee: 0.01 ETH;

BCC withdrawal fee: 0.0005 BCC.

2. Starting from October 20, the withdrawal fee will be increased to 3 times the original fee, that is:

BTC withdrawal fee: 0.0045 BTC;

LTC withdrawal fee: 0.003 LTC;

ETH withdrawal fee: 0.03 ETH;

BCC withdrawal fee: 0.0015 BCC.

After withdrawals are closed at 12:00 noon on October 30, the platform may stop online withdrawal services.

In accordance with the Anti-Money Laundering Law and other relevant laws and our company's risk management requirements, users need to complete video authentication to withdraw money and may need to provide more information. Please understand and actively cooperate.

If you have any questions, please consult the online customer service or send an email to [email protected].

Bitcoin China

October 16, 2017