Wednesday, October 24, 2012 new fee structure

There will be a new a new storage fee for wallets with balance over 12 BTC. The fee will be exactly 0.0335% (0.0335 percent) of the wallet balance, deducted once in a day. For one month (30 days) this equals roughly 1%.

The fee will be effective after 25th november, 2012, 00:00 UTC. For newly created wallets, the fee will be effective immediately.

Note that this affects you only if you store more than 12 BTC in your wallet.

For storing larger sums of bitcoins, we recommend paper wallets. These can be easily created using . One of the coming features of will be a better integration with offline paper wallets.

Additionally, because of large amounts of incoming transaction spam, the outgoing transaction fee is raised to 0.003 BTC per transaction. This will also be effective on 25th november.

Our goal with is to provide the easiest and fastest way to use bitcoins, and to help people to get started with bitcoins.

Saturday, October 6, 2012 transaction feature was down on 06/10, now working again.

We have found a security issue with the transaction feature, therefore we had to disable it for certain period.

If you had an ongoing transaction with funds, or if you had bitcoins in your wallet, you have to contact us so that we can send you the funds manually.

Easiest way is to contact us through your user account via this ad: <deleted>

If you contact us through that form with your user account, we know that it is you doing the contact.

If you have any questions, you can contact us at . We try to answer all questions.

We apologize sincerely for this issue to our customers for this issue.

Edit: the issue is fixed and the transaction service should be running again

Friday, October 5, 2012 users - remember to back up your wallet address!

Several of the following things can happen:

- You lose your phone
- Your phone auto-upgrades itself and loses apps and bookmarks
- Your phone breaks

Therefore it is always important to make a backup of your wallet. You can find the wallet URL as a QR code from the main site if you scroll down. Just store the URL to couple of separate locations, and you should be backed up.

Additionally it is always a good idea to set up a Dead Mans Switch, just in case.