Bitcoin Forum

Economy => Service Discussion => Topic started by: dopecoindude on May 22, 2014, 09:49:40 PM



Title: exchange fee's ....
Post by: dopecoindude on May 22, 2014, 09:49:40 PM
can someone give me a break down on how much exchanges really charge ?

like mintpal says .15 percent right ?  is that for both in and out ?


Title: Re: exchange fee's ....
Post by: lynn_402 on May 22, 2014, 09:51:01 PM
Indeed it is, every trade you do, no matter if buy or sell, get charged 0.15%


Title: Re: exchange fee's ....
Post by: dopecoindude on May 22, 2014, 10:00:13 PM
Indeed it is, every trade you do, no matter if buy or sell, get charged 0.15%

Ok, thanks. I wasn't sure if I was seeing things or not lol .... I need a hypothetical now of just how much that is if I say buy 10 litecoins how much are they taking....


Title: Re: exchange fee's ....
Post by: lynn_402 on May 22, 2014, 10:19:34 PM
Indeed it is, every trade you do, no matter if buy or sell, get charged 0.15%

Ok, thanks. I wasn't sure if I was seeing things or not lol .... I need a hypothetical now of just how much that is if I say buy 10 litecoins how much are they taking....

10 Litecoins should cost you about 0.2 Bitcoin. Since that is only one trade, you deduce the 0.15% once, so you'll actually get about 9.985 Litecoins for that price.


Title: Re: exchange fee's ....
Post by: mailmansDOG on May 22, 2014, 10:20:20 PM
ANXPRO has a 0% fee. They seem really profesional.


Title: Re: exchange fee's ....
Post by: lynn_402 on May 22, 2014, 10:21:24 PM
ANXPRO has a 0% fee. They seem really profesional.

Imho, it is better to pay a small fee, than to blindly trust a new exchange who could steal everything.


Title: Re: exchange fee's ....
Post by: mailmansDOG on May 22, 2014, 10:56:15 PM
ANXPRO has a 0% fee. They seem really profesional.

Imho, it is better to pay a small fee, than to blindly trust a new exchange who could steal everything.

Sure is. But they are an established exchange. Tey might be new but they already have a constant daily volume of +1000 bitcoins and also a precence in the forums. Everyone seems to be hapy with them so far.


Title: Re: exchange fee's ....
Post by: lynn_402 on May 23, 2014, 06:11:42 AM
ANXPRO has a 0% fee. They seem really profesional.

Imho, it is better to pay a small fee, than to blindly trust a new exchange who could steal everything.

Sure is. But they are an established exchange. Tey might be new but they already have a constant daily volume of +1000 bitcoins and also a precence in the forums. Everyone seems to be hapy with them so far.

Indeed, and trying new promising exchange is a great thing to do to make the cryptocurrencies' economy grow, but the risk of fraud is higher, so one should be careful and not have a big percentage of their coins with them at any time.


Title: Re: exchange fee's ....
Post by: dha on May 23, 2014, 11:19:01 AM
ANXPRO has a 0% fee. They seem really profesional.

Imho, it is better to pay a small fee, than to blindly trust a new exchange who could steal everything.

Sure is. But they are an established exchange. Tey might be new but they already have a constant daily volume of +1000 bitcoins and also a precence in the forums. Everyone seems to be hapy with them so far.

Indeed, and trying new promising exchange is a great thing to do to make the cryptocurrencies' economy grow, but the risk of fraud is higher, so one should be careful and not have a big percentage of their coins with them at any time.
I asked ANX (former asianexgen - now rebranded) about their 0% fees and they said it was temporary. Soon they will be charging "normal" fees. I expect something around stamp or kraken fees to be acceptable to traders.
btw - when researching for some new exchanges - I was surprised to see how legit the ANX business is compared to other high volume exchanges.



Title: Re: exchange fee's ....
Post by: Josepht on May 23, 2014, 11:22:03 AM
BTC-e has a temporary fee of 0% as well, because they exist 1 year this week.