Cryptocurrency Q&A
What is the inactivity fee?
What is the inactivity fee?
CryptoBaron
Fri Oct 18 2024
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6 answers
1128
I have encountered a term called 'inactivity fee' and I am not sure what it means. Could someone please explain to me what an inactivity fee is?
6 answers
Silvia
Sun Oct 20 2024
The specific duration for inactivity varies among exchanges, with some imposing fees after several months of dormancy.
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SumoHonor
Sun Oct 20 2024
The rationale behind inactivity fees is to encourage users to maintain an active presence on the platform, thereby contributing to the exchange's liquidity and overall health.
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SakuraBloom
Sun Oct 20 2024
BTCC, as a leading cryptocurrency exchange, also incorporates inactivity fees into its service model. Alongside its comprehensive suite of offerings, including spot and futures trading, as well as wallet services, BTCC manages its user base by implementing such measures.
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KimchiQueenCharmingKiss
Sun Oct 20 2024
Cryptocurrency exchanges often impose inactivity fees as a means of maintaining their operational efficiency.
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HanbokGlamour
Sun Oct 20 2024
These fees are triggered when accounts become inactive, indicating a lack of trading activity over an extended period.
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