CEX.IO Terms Update: “Storage Fee”
You might want to read the fine print of the CEX.IO Terms:
In case if it has been more than six (6) month since the User signed in with his/her Account or made the Funds deposit, CEX.IO has the right to qualify this Account as abandoned. In that case Storage fee will be applied to such Account with seven (7) days prior email notification to the User. CEX.IO will charge the Storage fee set forth herein. Abandoned Accounts with zero balances shall be deactivated.
Source: https://cex.io/terms
Wow ...seriously ? So is this a move to eliminate dormant accounts ? Can accounts be closed ,just in case I don't want to operate them anymore?
That's a good approach. But what happens if user fails to return back to the account? And amount for the storage fee isn't stated also.
Maybe this would mean a total lose for the user and some more gain to the exchange. I am just giving my suggestion but I know when @inertia replies this then he will have more to say about this.
Could you please explain a bit what CEX.IO means....and i think i need to visit Google for more information..thank you for the awareness @inertia.
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Well that would piss me off...I wonder what the
storage feeis.they updated their terms after these falling rates?
This is not a bad update though because if someone leaves his/her account for 6 months it actually means that the person is not serious and the individual should be charged if the account should be recovered. Thank for for the update @inertia
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@upvoted