Beware of leaving your bitcoin unattended

[dano1001]

I bought $55 of Bitcoin in 2009, and I went to check on it a month ago anticipating a huge profit, only to find my account at $0, turns out the FINE PRINT says that you must use your bitcoin at least once every 12 months or your account will be assessed a monthly fee, This will occur WITHOUT any notice, and will continue till there is a zero balance. Such bullshit

 

[Frixxxx]

I bought $55 of Bitcoin in 2009, and I went to check on it a month ago anticipating a huge profit, only to find my account at $0, turns out the FINE PRINT says that you must use your bitcoin at least once every 12 months or your account will be assessed a monthly fee, This will occur WITHOUT any notice, and will continue till there is a zero balance. Such bullshit

Who did you use?

 

[dano1001]

VIRWOX

Sent from my SM-N910V using Tapatalk

 

[bmneveu]

I bought $55 of Bitcoin in 2009, and I went to check on it a month ago anticipating a huge profit, only to find my account at $0, turns out the FINE PRINT says that you must use your bitcoin at least once every 12 months or your account will be assessed a monthly fee, This will occur WITHOUT any notice, and will continue till there is a zero balance. Such bullshit

$55 dollars worth of Bitcoin in 2009 would be worth over $50M today...

 

[badgerland]

$55 dollars worth of Bitcoin in 2009 would be worth over $50M today...

Yeah...I call b.s.

 

[1965Vintage]

:slap:

 

[wavecoder]

Ouch that sucks man.

 

[Frixxxx]

dano1001,
Per their site:

https://www.virwox.com/help.php
Inactivity Fee

There is no fee just for maintaning your VirWoX account. However, if you have not used your VirWoX account for more than 12 months, we will charge an inactivity fee of 2 EUR (or the equivalent in other currency) per month, but only if there is a positive balance on the account.

I would love to know how you got Bitcoin in 2009.

I would have to go back and check prices, but yep, you could have easily lost it all to fees at the listed rate since in 2010, it never went above a $1.00 USD.

ALSO, in their page, I want to know what a paysafecard is since they charge 20% on deposits used with it.