How many fee do you usually buy and sell bitcoin and ecurrency?

[cicizhang]

Do you think it is reasonable for deposit or withdraw ecurrency, bitcoin for only 1~3%fee

I am doing a research for Epay.com http://www.epay.com/

And I was wondering if our fee it is reasonable, We accept Perfect Money,OKPAY,Bitcoin,Payeer,to deposit and withdraw low as 1%fee .Please check our fee link and give me some suggestion:http://www.epay.com/en/fees.htm

Please let me know your advice, and how many fees do you usually buy and sell bitcoin and ecurrency on which kind of site

[Dudeperfect]

To be honest, I think ideally it should be free to deposit or withdraw funds using E-currencies because in most of the cases the rate of exchange provided by any site is usually 1% to 5% less (in favour of the website) so they get enough cut to cover their expenses. However, I usually don't hesitate to pay 1% fee to deposit or withdraw (more if good realtime rate provided by the website).

[Kamarah]

I dont take any fee. I am a trusted seller in my country and people have to pay more in order to sell Bitcoin to me. I dont like third party website and services because they take a lot of money

[Nagadota]

Deposit and withdraw are odd ways of phrasing it, but exchanging them for fiat currency would be a lot easier using a reputable exchange (not that you should leave funds on them for a long time).  You'd have much lower fees signing up to Bitstamp or Coinbase and buying/selling instead.

[amacar2]

I have gone through fee structure of epay and it looks quite good to deposit in bitcoin and quickly exchange them to perfectmoney but i haven't tried it yet.

Also right now price of bitcoin is so volatile so i am quite concerned about which rate epay will take as market rate. If i can get good rate like preev.com rate during bitcoin deposit i will be happy to pay 1% fee on PM withdrawal after depositing my bitcoin for USD.

[ethereumhunter]

Do you think it is reasonable for depsoit or withdraw ecurrency,bitcoin for only 1~3%fee

I am doing a research for Epay.com http://www.epay.com/

Please let me know your advice,and how many fee do you usually buy and sell bitcoin and ecurrency on which kind of site

i think 3% of fee its not reasonable and even if its only 1%, i think its still high fee and we can not do anything because we should obey the sites rule. if we don't want to pay for that fee, then we need to find another site that have low fee so we don't have to worried about fee. but i think its only few people that will thinking too much about the fee because i think traders don't care how much fee is applied and as long as they can make a lot of profit, then its fine.

[cicizhang]

To be honest, I think ideally it should be free to deposit or withdraw funds using E-currencies because in most of the cases the rate of exchange provided by any site is usually 1% to 5% less (in favour of the website) so they get enough cut to cover their expenses. However, I usually don't hesitate to pay 1% fee to deposit or withdraw (more if good realtime rate provided by the website).

Thanks for your opinion, but if a site provides service for users without any fee, that is not reality.they need operating cost to manage the site.

But Epay.com will always offer you the low rate in the market.

[Sadlife]

Usually it is free to deposit but withdrawing has a fee in most sites, i think for withdrawing it's good to charge just 1-2% withdrawal fee.
But for every transaction made in exchanging usually they take 1-5% fee enough to cover their expenses.

[cicizhang]

I dont take any fee. I am a trusted seller in my country and people have to pay more in order to sell Bitcoin to me. I dont like third party website and services because they take a lot of money

But you can try Epay.com service, as I know Epay fee it is the more low rate, and we would love to hear your opinion.

[summer888]

I dont take any fee. I am a trusted seller in my country and people have to pay more in order to sell Bitcoin to me. I dont like third party website and services because they take a lot of money

I think you may a merchant in your country.do you have any other ecurrency ,like perfect money. cause we need PM ,if you have would you please sell to us.https://www.epay.com/

[cicizhang]

I have gone through fee structure of epay and it looks quite good to deposit in bitcoin and quickly exchange them to perfectmoney but i haven't tried it yet.

Also right now price of bitcoin is so volatile so i am quite concerned about which rate epay will take as market rate. If i can get good rate like preev.com rate during bitcoin deposit i will be happy to pay 1% fee on PM withdrawal after depositing my bitcoin for USD.

1%fee it is a normal rate for withdrawing Perfect Money in the market, and I agree your point.

[pooya87]

i don't get it, are these fees in addition to withdrawal fees of all these payment processors. for example Perfect money has a 1.9% fee for their transactions on unverified accounts and THEY take it. are you taking an additional 1% on top of that?
so why should i use this service when exchanges like btc-e and c-cex exist that have these payment processors?

[ufaiz50]

it's better to use the fees they have set as service providers and I think higher fee because they get the trust from more users and to finance their site. indeed for 1% - 3% it is already high but if with such a fee we don't get good service better to look for other sites.

[Dudeperfect]

To be honest, I think ideally it should be free to deposit or withdraw funds using E-currencies because in most of the cases the rate of exchange provided by any site is usually 1% to 5% less (in favour of the website) so they get enough cut to cover their expenses. However, I usually don't hesitate to pay 1% fee to deposit or withdraw (more if good realtime rate provided by the website).

Thanks for your opinion, but if a site provides service for users without any fee, that is not reality.they need operating cost to manage the site.

But Epay.com will always offer you the low rate in the market.

I have no issues to pay fees up to 5% fees but since most of the sites do not provide the rate as per market rates, I believe that they already get some amount to cover expenses. I would not pay 5% fee if the site is giving me -5% rate from the market rate (as it would result in 10% fees). Of course, it depends on case to case but still, I think 5% should be the max ideal limit.

[Kakmakr]

My opinion on these 3rd party fees will probably be biased from a consumer perspective, but I feel that 3rd party services are counter productive in promoting Bitcoin as a cheaper alternative than banks and other payment options. They only see Bitcoin as a commodity and not as a currency.

The third world countries are already raped by remittance service fees and this is slowly happening with Bitcoin with the introduction of high fees charged by third party services.

In the future, when fees increase too much, people will start bypassing these services and start buying P2P to avoid it.

[mattermaster]

My suggestion is to use Xapo bitcoin wallet to store your bitcoins.
I never deducts any fee when recieving and sending any amount. It gives you multi signature address.
It has been one among top in security,privacy

[Amph]

1-3% fee on deposit is crazy and will never be a good think, better if you remove that deposit should always be free to encourage people to deposit you know

withdrawals should be the amount of the fee required to not have the coins stuck in limbo, due to the miners queue, and not lowered than the average, many exchange do 50k satoshi other 20k satoshi

so not based on % but a fixed rate

[n0ne]

it's better to use the fees they have set as service providers and I think higher fee because they get the trust from more users and to finance their site. indeed for 1% - 3% it is already high but if with such a fee we don't get good service better to look for other sites.

Regularly several websites to function on the same platform of financial system from transaction to supply chain generating several incoming and outgoing money flow is coming into existence. So one who provides the better service with the minimal transaction fee will be prioritized by the users. Less than 1% of the transaction volume seems good to attract the users towards their service.

[Sithara007]

I have always used localbitcoins to buy/sell BTC. Exchanges such as BTC-e and Bitstamp are not that easy to use, as I am residing in a small third world nation. Normally I pay a fee of around 2% to 5% in LBC.

[DoublerHunter]

I usually use the local wallet that is available online i don't encounter any fees in buying or selling bitcoin and the only fee that i encounter is using their wallet to send to another wallet which is common like the other online wallets. They only charge for those big amount of money but i don't have that big because it is still on bitcoin.