How to Track, Get and Set the Best ... - Bitcoin News
How to Track, Get and Set the Best ... - Bitcoin News
Exchanges - Bitcoin
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PSA: BitInstant's cash-to-bitcoin-address service is reliable, but they fudge the exchange rate; on top of the stated 3.99% fee (and unstated ZipZap fee), BitInstant has consistently marked up the exchange rate way above ($6 or so) the maximum that MtGox quotes around the time the transfer is made.
This includes any time at which the order was open.
This is a consistent markup from what I've experienced.
Everything that I've read both on and off BitInstant's web site suggests that they use MtGox directly. More to the point, BitInstant doesn't bother telling you what their exchange rate is going to be; it could be set at a markup of $200 for all you know.
UPDATE: Charlie Shrem (bitinstant) ultimately compensated me more than what I thought I was still owed, and for that I thank him; I feel that my personal matter has been satisfied amicably. I still believe that there are strange discrepancies in the data I've seen, which have not yet been accounted for, and I hope Charlie looks into it for the sake of his otherwise valuable company; I wouldn't want BitInstant to be blamed for the errors (or malice) of another party in the pipeline. In any case, I would currently still feel comfortable using BitInstant.
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Of course I'm loving the rise in exchange rate value, however these fees are hindering my ability to use it in day to day use. Bitcoin is turning into an investment vehicle for "cashing out" at the moment.
For the record I understand everything that is going on (memepool, fee calculations, etc). Take BitPay for example: you can't conduct business with them anymore unless you're purchasing huge amounts or don't mind losing money. Their ridiculous (non adjustable depending on network conditions), UTXO sweep fee makes it impossible to conduct business transactions for items $150 or less and not lose money. With their UTXO fee, combined with a roughly average transaction fee (when the memepool isn't empty) is about $5. It's just not worth it anymore. At the moment the viable methods for Bitcoin are treating it like a savings vehicle, large consumer purchases, or overseas remittance. Don't get me wrong, I'm grateful for the rise. I'm just longing for the "good old days", and I don't think lightning will be able to truly provide that.
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Question: Id like to start selling bitcoin to people that cant buy them themselves, whats an easier way to calculate the exchange rate for fiat to BTC in a private transaction ? Like for example a guy wanted to get $200 , after fees and transfers it came out to $126 left ... /r/BitcoinBeginners
I've recently became interested in using bitcoin ATMs, but I'm a bit skeptical if it's worth it considering the high fees and exchange rates I hear. I don't know how high/expensive these are though, so could someone tell me an average exchange rate or fee for using a bitcoin ATM?
Of course I'm loving the rise in exchange rate value, however these fees are hindering my ability to use it in day to day use. Bitcoin is turning into an investment vehicle for "cashing out" at the moment. /r/Bitcoin
The is one of the reasons bitcoin prices on that exchange are usually a little lower than elsewhere.” Users who trade less than 500 BTC, are subject to a 0.20% fee. Places to buy bitcoin in exchange for other currencies. Note: Exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange. Bitcoin Fee Estimator / Calculator. BitcoinFees is a simple and very accurate Bitcoin fee estimator. The tool is displaying a chart of current mempool transactions ordered by fee value. This makes it easy to choose the optimal fee for your transaction based on confirmation time. Just pick a time period and use the suggested fee. We are using Bitcoin Core's embedded fee calculator. Different ... Bitcoin is a currency of Digital Currency. The sign of Bitcoin is ¤, ISO code is BTC. Bitcoin is sibdivided into 1000 mBTC. BTC exchange rate was last updated on October 24, 2020 01:45:01 UTC. All currencies 6. Kraken. Kraken is one of the prominent Bitcoin exchange accepting fiat currencies like Euro. On January 2 nd, 2018, the exchange announced reductions in their trading fees, by introducing the “Maker-taker” model.According to the post, the ‘maker-taker model’ feature will ensure a reduced fee for the market-makers who offer liquidity to the market-makers.
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