Question Did payout threshold for bitcoin increased

[SHAHID987]

I had taken last 2 smooth withdraw in bitcoin, but this time when I am trying to withdraw my 5$ it don't move further. Can anyone confirm that did Bitcoin withdraw limit has increased?

 

[Devin]

I had taken last 2 smooth withdraw in bitcoin, but this time when I am trying to withdraw my 5$ it don't move further. Can anyone confirm that did Bitcoin withdraw limit has increased?

Hello! Yes, the Bitcoin minimum cashout amount was increased from $5 to $10 due to the Bitcoin processing fees and charges. At the $5 minimum withdrawal amount most of the funds from the $5 amount were going directly to fees. The $10 threshold is a better adjustment and will work out better with fee adjustments.

Sorry for the confusion.

 

[SHAHID987]

Thank you very much for your prompt reply.

 

[arunima]

Hello! Yes, the Bitcoin minimum cashout amount was increased from $5 to $10 due to the Bitcoin processing fees and charges. At the $5 minimum withdrawal amount most of the funds from the $5 amount were going directly to fees. The $10 threshold is a better adjustment and will work out better with fee adjustments.

Sorry for the confusion.

That does sound like a good decision. I am sure that people would appreciate it as it saves them from the transaction fees.