Huobi’s BitYes Teams with EgoPay for Fee-Free USD Deposits

BitYes, the international USD-based exchange operated by Huobi, has relaunched with a new design, stop orders and a fee-free promotion that should appeal to higher-volume customers depositing via payment processor EgoPay.
Until 31st December, BitYes is offering zero fees for deposits, withdrawals and trading for customers outside the US using EgoPay, claiming it is “the cheapest way in the world for anyone to acquire a large amount of bitcoin for USD”.
Customers would still need to pay a roughly $30 fee to wire money to an EgoPay account internationally and a $12 EgoPay deposit fee, but this still works out cheaper than other major USD trading options for international customers in many cases.
China-based Huobi says for a customer seeking to trade an amount like $100,000 for BTC at market prices, the flat fees work out to 0.042%.

This post was published at Coin Desk on November 12, 2014.