Showing posts with label gdax. Show all posts
Showing posts with label gdax. Show all posts

GDAX corrects a (very) small fee mistake...

GDAX has corrected an error that was causing fee overcharging, at the rate of a fraction of a percent, An e-mail was just received stating:

"Dear GDAX Customer,

Last week we identified an inconsistency between the GDAX published fee schedule and the fees we were charging customers in some order books. We have identified your account as having traded on the BCH-USD, BCH-EUR, or BCH-BTC books between 12/20/2017 and 2/23/2018.  Orders on these books were incorrectly charged 0.30% instead of 0.25%  

Your account has now been refunded the 0.05% difference.  You may log into your GDAX account and select “Accounts” to view your refund.  You may need to refresh to see your balances properly reflect the changes.

To prevent this issue going forward, the fees for all books have been updated to reflect our published fee schedule. If you have additional questions please contact our Support team.

We apologize for any inconvenience this may have caused.

Sincerely,

The GDAX Team"

Unless you were doing extremely large transactions, you likely didn't notice the 0.05% difference. But nonetheless, you've been refunded.

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Author: Adam Lee
Asia News Desk


Coinbase/GDAX issue statement regarding the Bitcoin Segwit2x hard fork...


Today coinbase/GDAX released the following update regarding the Bitcoin Segwit2x hard fork:

We wanted to remind you that the upcoming Bitcoin Segwit2x hard fork is projected to take place on November 16 and will result in two bitcoin blockchains.

Following the fork:

- GDAX will continue referring to the current bitcoin blockchain as Bitcoin with ticker BTC and the forked blockchain as Bitcoin2x with ticker B2X.

- GDAX will disable deposits and withdrawals for Bitcoin (BTC) approximately 24 hours before the fork and re-enable 24-48 hours after the fork for both Bitcoin (BTC) and Bitcoin2x (B2X).

- GDAX will enable trading of both BTC and B2X within 4 hours of the fork.

- Any customer storing Bitcoin (BTC) on GDAX at the time of the fork will be credited with an equal amount of the Bitcoin2x (B2X) asset on the Bitcoin2x blockchain.

If the Bitcoin2x blockchain becomes the chain with the most accumulated difficulty, and the chains are in a stable state, we will consider renaming it to Bitcoin and send an additional communication at that time. We will consider other factors such as market cap, community support, etc to determine stability. We will start evaluating this 2 weeks after the fork.

Further updates will be posted on their blog.