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RE: Fiat to Steem! Netcoins App Demo and Discussing Recently Added Credit Card and Fiat Options
I am signing up in the USA, the credit card fees are quite high, $10 plus 2.5% for amounts under $200. And above $200 is a flat 7.5% That is more than coinbase. I don't think many people will be using this option, I will check into the wire transfer option once my identity is verified. Thanks!
Yeah, that is indeed very high! With a lot of these options, the fees tend to go up with the amount of convenience they provide. I, for example, am banned from Coinbase, so I'd have to look for an alternative (so when Canadian banks still allowed it, I was using CEX.IO) I look forward to the services being improved as historical transaction data is built alongside increased usage, definitely.
True, forgot you don't have access to Coinbase. Good point.
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OK, just got verified, but there is a $500 minimum to fund my account with wire transfer? Ouch! Can you ask them about this?
Hi, I emailed customer support, this is what they said:
Thank you for your feedback! Our platform is still in beta, and we are constantly trying to improve the user experience. I will relay your message back to our team for consideration for the next update. I've taken a look at your account and noticed that you are currently residing in the United States. Unfortunately for U.S. customers, the funding option is not yet available and the only option to purchase cryptocurrency through us will be through credit card.
So in summary U.S. users can only pay the 7.5% fees. Maybe they will expand and lower the bank transfer fees. I really liked the interface though. :-P
Interesting! That's not even what the press releases said, or what was communicated so it sounds like getting a follow up finalization on all this stuff would be much better. That's kind of a big change and would necessitate a big ol' video edit.