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Title: MT Gox Fees...UK based question Post by: michaelexeter on April 17, 2013, 03:02:49 PM Hi,
Just trying to figure out exactly what my fees will be for each transaction. So far I have calulated it as follows: £10 Wire transfer fee (charged by Lloyds TSB) £7ish (1000yen) Receiving fee by Japanese bank 0.6% Buying (trading) fee charged by MTGOX (so on £1000 trade) is £6 0.6% Selling (trading) fee charged by MTGOX (so on £1000 trade is £6 so on a £1,000 investment, it will cost me £29 Also, to get the money back into my English bank account, will I pay any further fees from MTGOX or Japanese bank to get the money back in GBP to my LloydsTSB account? Title: Re: MT Gox Fees...UK based question Post by: digicoin on April 17, 2013, 03:05:22 PM 29 pound -> 3% So high? ???
Title: Re: MT Gox Fees...UK based question Post by: evilscoop on April 17, 2013, 03:08:15 PM try this :-
http://www.bitcoinuk.blogspot.co.uk/ Title: Re: MT Gox Fees...UK based question Post by: jarsugar on April 17, 2013, 03:14:20 PM Try another method man
Title: Re: MT Gox Fees...UK based question Post by: michaelexeter on April 17, 2013, 03:15:35 PM Yes I think this is high.
None of us can avoid the MT Gox fees, so I guess they'll always be there, but I was kinda hoping this post would prompt responses from other UK bitcoin traders who may explain a cheaper/faster way to do this. Title: Re: MT Gox Fees...UK based question Post by: delinquent on April 17, 2013, 03:16:13 PM Hold on son...
Would it not make sense to BACS it into a paypal, then whack it over to Japan? At least that way, you get rid of a tenner of the charges. Also, there's a couple of banks that don't charge as much for wire transfers. Plus, £10 seems more like the charge for a business account. AFAIK the charge for a personal debit with lloyds is £4... Title: Re: MT Gox Fees...UK based question Post by: newman_justin40 on April 17, 2013, 03:17:44 PM Maybe there is a better UK based bitcoin currency exchange. Perhaps someone can link one.
Title: Re: MT Gox Fees...UK based question Post by: michaelexeter on April 17, 2013, 03:18:08 PM try this :- http://www.bitcoinuk.blogspot.co.uk/ Thanks for this info...v helpful. Title: Re: MT Gox Fees...UK based question Post by: evilscoop on April 17, 2013, 03:19:42 PM not a problem...tbh seems the best way round the situation, guy who made the site is a member here, but forget who
Title: Re: MT Gox Fees...UK based question Post by: michaelexeter on April 17, 2013, 03:20:03 PM Maybe there is a better UK based bitcoin currency exchange. Perhaps someone can link one. Don't think MT GOX accept paypal. The charge for Llloyds wire trasfers are £20 in branch or £10 if done online. Thats from a personal account. |