exchange fees

[BillLM]

I am looking to buy bitcoin from a local exchange that normally deals in gold bullion etc. They will print a hard copy paper wallet from an offline computer and provide a usb stick digital back up of the keys.

The fees they charge for this service are 5% - is that a reasonable fee?

Any thoughts appreciated - thanks!

[Bitfort]

I am looking to buy bitcoin from a local exchange that normally deals in gold bullion etc. They will print a hard copy paper wallet from an offline computer and provide a usb stick digital back up of the keys.

The fees they charge for this service are 5% - is that a reasonable fee?

Any thoughts appreciated - thanks!

Similar fees you get when do CC purchase so yes it's it reasonnable fee when considering their main aim in gold deals.

I have doubts about the hard copy paper wallet and USB backup. Would it be the only existing backup or they will keep their own ...? Why do it this way? There is high chance of private key leak.
You should immediately transfer btc to new wallet. 

[Sehorn 666]

it is good security But fee is so high          but it is better to loss all your money

[aintnopassincraze]

I dont know if that sounds secure and safe. 5% does sound high, but I do think that is also the rate Coinbase charges. Why not just use an online exchange and buy BTC that way?

Is it because you would have to store the BTC on the exchange? If what you want is a physical copy of your BTC in real life, then you could buy online put it on hardware wallet.

Not sure the fee is justified here

[LeonidSrt]

They will print a hard copy paper wallet from an offline computer and provide a usb stick digital back up of the keys.

So they will know your private key. You really think it is safe???

[bccfan]

Why don't you want to use the big ones like bittrex and poloniex?

Myself I use bittrex, the fees are 0,25% for trades, which is average, but I like the great volume and also the performance is good, not like on yobit where it needs 20 seconds to simply load their website.