![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 03, 2016, 04:34:39 AM |
|
I can deposit cash into your Bank of America bank account, and would be willing to do so at 4% under the coinbase last rate (with you covering any escrow fees if you are not willing to send first).
To answer your questions:
Yes if you have $1,000 worth of Bitcoin, and are paying a 5% fee then you would receive $950 in exchange for your $1,000 worth of bitcoin.
The decision as to who pays the fee has less to do with what is being exchanged and more to do with which party has a greater need to get the deal done. If you are wanting to sell your bicoin quickly then you would probably be more willing to accept a lower price. On the other hand, if you are willing to wait a longer time to close a deal, then you can ask for a higher price and end up waiting for someone who is willing to pay a higher rate. You should bear in mind however, if you are simply trying to cash out of some BTC that you have that it is possible that the exchange rate will fall while you are waiting for a trading partner, so even if you end up getting a better rate, you may end up receiving a less total amount.
The question of, "what is worth more, btc or x payment method" really depends on who you ask. If for example, it is the first of the month, your rent is due and your landlord does not accept btc, then USD is going to be more valuable to you because without it you will not be able to pay your rent. On the other hand, if you are planning on using btc to buy a gyft gift card with 3% discount, then btc might be more valuable to you (the same might be true for someone considering on buying a miner from bitmain that only accepts btc for payment).
The amount of the premium/discount/fee is really up to the two people trading, and will somewhat depend on how risky the payment method is as well as the reputation of the other party. For example if you do not have a strong reputation and wish to pay with a payment method that carries a higher risk (eg PayPal, gift cards) then you will need to pay a higher premium to cover these risks. If you wish to get the trade done quickly (see above), then you would also need to allow your trading partner to make some profit, and some amount for their time.
|