CEX.IO Terms Update: “Storage Fee”

in exchange •  7 years ago  (edited)

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

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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.

you create a great post...i like it....i hope everybody like your post....thanks for shear it...

very good publication you have my support, and continue like this, seeks to overcome day after day

i want to give you some wish for your contribution because your post impressed me... best of luck...

Well that would piss me off...I wonder what the storage fee is.

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

wonderful post ☺
thanks for sharing with us
@upvoted

I think its a good idea in order to know active users. Most platforms are dominated by dormant accounts. Some celebrate 10 million users when 4.5 million accounts are dormant. So i feel this is a great move

Exactly updated February 1 2018, well I was thinking what if a user who a misfortune has fallen upon decides to come back more than 6 months won't it be really good for a feedback as to why the user never signed in, well a support team would be great too @inertia

@inertia,

Cheers~

wont account deactivation be too harsh a decision ?

If after 6 months, they moved the file/project to distributed file storage (Filecoin), it would be such a better public relations move.

Oh well...

Would you be able to please clarify a bit what CEX.IO means....and I think I have to visit Google for more information..thank you for the mindfulness @inertia.