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Other => Beginners & Help => Topic started by: nckrazze on May 02, 2012, 07:14:18 AM



Title: Are there fees to sell on MTGOX?
Post by: nckrazze on May 02, 2012, 07:14:18 AM
Hi, I am new to the whole bitcoin scheme, but I was wondering if there are exchange fees for using the MTGOX.com service to sell or buy bitcoins. I currently have a 1.8 gigahash machine with 2 5850's and 3 5830's, but was just wondering what I should do with all the BTC once I start making a bit.

What else is there to do with bitcoins, other than claiming them for cash?

-Nick


Title: Re: Are there fees to sell on MTGOX?
Post by: Stephen Gornick on May 02, 2012, 07:37:06 AM
I was wondering if there are exchange fees for using the MTGOX.com service to sell or buy bitcoins.

There are fees at nearly all exchanges.  The fee for selling will vary as higher volumes get a lower rate.  Starting out you are at 0.6%.  There may be additional fees when withdrawing those funds as wel..  For instance, the least method is Dwolla at $0.25 per transaction.  Wire transfers are much more expensive.

What else is there to do with bitcoins, other than claiming them for cash?

Here's a post that describes a ton of different ways people are using bitcoins:
 - http://bitcointalk.org/index.php?topic=78755.0


Title: Re: Are there fees to sell on MTGOX?
Post by: pieppiep on May 02, 2012, 07:38:49 AM
Here is the page at the mtgox website with their fees
https://mtgox.com/fee-schedule


Title: Re: Are there fees to sell on MTGOX?
Post by: nckrazze on May 02, 2012, 07:50:22 AM
I was wondering if there are exchange fees for using the MTGOX.com service to sell or buy bitcoins.

There are fees at nearly all exchanges.  The fee for selling will vary as higher volumes get a lower rate.  Starting out you are at 0.6%.  There may be additional fees when withdrawing those funds as wel..  For instance, the least method is Dwolla at $0.25 per transaction.  Wire transfers are much more expensive.

What else is there to do with bitcoins, other than claiming them for cash?

Here's a post that describes a ton of different ways people are using bitcoins:
 - http://bitcointalk.org/index.php?topic=78755.0

Thanks for the help, Stephen, I might consider spending the future BTC on investments in the market instead of exchanging!


Title: Re: Are there fees to sell on MTGOX?
Post by: Meni Rosenfeld on May 02, 2012, 08:48:39 AM
What else is there to do with bitcoins, other than claiming them for cash?
Mandatory link: https://en.bitcoin.it/wiki/Trade.