As we have noticed the discussion in this thread, we feel like it’s high time to step in and try to explain the recent news:
First off, @cipher03, the scenario you described would actually incur only 1.5% in fees (not 6%). Here’s why:
Deposits in BTC – 0% in deposit or conversion fees for USD trading accounts + a 15% bonus (an offer we launched just a few days ago; our standard terms & conditions apply).
Withdrawals in BTC – 1.5% conversion fee if the trading account is in another currency; 0% fees for withdrawals from BTC accounts.
(at some point in the past we did indeed have a 3% conversion fee, but it’s long since been lowered to 1.5%)
Apart from BTC, let me recap the other options for US clients:
UPayCard – 1% in, 0.9% out. UPayCard’s own fees are one of the best out there. Although they do not seem to accept wire transfers in USD at the moment.
VLoad – 0% in until 23rd February, 3.5% out (not 6.5% anymore – thanks to general feedback, we will be changing the fees in the system in the next few days); VLoad seems to have very modest fees, especially on withdrawals to bank accounts.
If you are a current user of ePayments – 1% in, 0% out.
They are not currently accepting new users from the US, but for those of you who are already signed up, that will be the most attractive set of conditions.
Lastly, let us assure you that we will not be leaving the US market, and there are currently no reasons we should plan to do so. Our US clients’ accounts will stay active, and registration for new US users will also stay open.
Wire transfers are, for now, indeed suspended, but we are working on improving depositing and withdrawing using online systems and crypto wallets (and hopefully adding more options soon). If you have any feedback, please take the time to let us know.