Bitcoin transaction fees dropped by more than 30% on the first day

No financing, no financial management, and transaction fees are charged

Investing in the face of sharp rises and falls requires caution

Starting at 12 noon yesterday, the three largest Bitcoin trading websites in China uniformly began to charge transaction fees. The trading software of one of the websites showed that the 24-hour trading volume on January 23 was nearly 190,000, and the trading volume as of 17:00 yesterday was less than 90,000, which means that the trading volume has dropped by 35%. On January 11, the central bank and relevant agencies entered the Bitcoin and Litecoin trading platforms such as "Huobi", "Bihang" and "Bitcoin China" in the form of a joint inspection team.

Reduced transaction fees

Reporters from Shenyang Evening News and Shenyang.com checked the three largest bitcoin trading platforms in China and found that they have all posted notices about charging service fees. The fee collection will start at 12 noon on January 24, and the fee collection method is two-way, with a fee rate of 0.2% of the transaction amount. This fee standard is more than ten times that of stock trading.

It is understood that the main reason why Bitcoin trading platforms charge fees is that the price of Bitcoin has skyrocketed and plummeted, increasing trading risks. This can warn investors to operate rationally and cool down Bitcoin trading. The reporter saw on a large trading website that as of 17:00 yesterday, the trading volume for the day was 88,057, equivalent to 5,180 per hour, while the average trading volume per hour on January 23 was 7,916, a sharp drop of 35%.

The risk of sudden rise and fall increases

The main reason for the in-depth regulation of Bitcoin is that the price of Bitcoin soared sharply on January 5 this year, reaching more than 8,000 yuan, and many investors followed suit. However, the price of Bitcoin took a sharp turn for the worse, falling below the 6,000 yuan mark in three or four trading days. Investors who had previously entered the market suffered heavy losses.

Mr. Liu, a Shenyang resident, invests in Bitcoin in his spare time. He said that buying and selling Bitcoin is speculation. He buys when it falls and sells when it rises. In fact, the international market is unpredictable and it is impossible to figure out why it rises or falls. However, the rise and fall are too large, which is really scary. Stocks have price limits, but Bitcoin does not.