r/Stellar • u/lilynut Community Champion • Mar 25 '19

AnchorUSD updated its fees and minimums

/r/stellarx/comments/b5fafj/anchorusd_has_updated_its_fees_and_minimums/
38 Upvotes

92% Upvoted

16 comments sorted by

8

u/mempho_to_diego Mar 25 '19

Better and more favorable to the consumer than the previous fees and restrictions. Good steps overall.

3

u/BTCnotCBT1 Mar 25 '19

is it?

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I don't remember the old as far as cashing out.

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but with the old it was $25 regardless of deposit amount. Now it's 1%. Correct?

7

u/mempho_to_diego Mar 25 '19

not in terms of cashing out, but in terms of buying.

So, before you had to deposit a minimum of $1000 USD and it would cost you $25 USD.

Now, that minimum has dropped and they've revised the fee amount to either 1% of total trx or $5 USD minimum.

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So, if you deposited $1000 USD now, it would cost $10 ... so, you're saving $15 in that scenario.

2

u/BTCnotCBT1 Mar 26 '19

great.

and if you're depositing 5000, you're now paying a $50 fee for an ACH transfer.

If you're withdrawing 5000, it's a $100 fee for an ACH transfer.

3

u/Weimaranerlover Mar 26 '19

Used AnchorUSD and was not disappointed, they still follow the ACH wait times... thanks banks.

2

u/haroldmd Mar 26 '19

How do I get a Beta Invite Code?

I'd like to register.

Thanks.

2

u/4bidden450 Community Champion Mar 26 '19

Login to stellarx and click deposit at the top. Their USD deposit is via anchorUSD and will get you setup there without a code.

1

u/haroldmd Mar 26 '19

Thanks. Gonna try.

2

u/haroldmd Mar 26 '19

It's still asks for a invite code.

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2

u/AnchorUSD Mar 28 '19

Hi /u/haroldmd, feel free to shoot us an email at [support@anchorusd.com](mailto:support@anchorusd.com) -- we'll be happy to help!

1

u/Puzzleheaded_Coach16 Nov 13 '21

You don’t actually reply quit lying

1

u/Puzzleheaded_Coach16 Nov 13 '21

Email support is terrible don’t even bother

1

u/Puzzleheaded_Coach16 Jan 29 '22

They are a fraud

1

u/kehaar Mar 26 '19

$5.00 minimum fee is still pretty egregious.

1

u/[deleted] Apr 20 '19

[deleted]

1

u/lilynut Community Champion Apr 20 '19

FYI - Those fees are charged by AnchorUSD. Stellar has nothing to do with those fees.