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Author Topic: Bitcoin Markets  (Read 710 times)
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July 06, 2011, 06:54:44 PM

I started mining a little while ago and now I have a few bitcoins to my name.  I'm now starting to look at the market side of things, but things are a little confusing.  The first big question is tradehill or mtgox.  The biggest factor for me is how much will be lost in the transactions.  I don't care that much that mtgox was hacked.

How much is the total fees for buying and selling bitcoins on mtgox?

How much for tradehill?

Also, how much to convert the mtgox or tradehill dollars to dwolla dollars?

And finally does it cost to send those dwolla dollars to my bank?
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July 06, 2011, 06:55:40 PM

Friend, visit their websites.  All of this information is right there.
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July 06, 2011, 07:00:09 PM

Consider taking a look at if you're in the United States. They're a new exchange that has gone to a lot of trouble to prove to the community that security is a primary concern for them.

Another exchange that you didn't list is They're less well known than the two you listed, but they've risen to #3 in volume on several occasions and seem to be handling it fairly well.

As for fees, the majority of these exchanges are charging 0.3% right now, whether to compensate for the hack (Mt. Gox) or as part of a summer special (TradeHill). Typical fee rates are around 0.65%, at least that would be Mt. Gox's normal rate. As MikeCa said, look on their websites. They'll list the rate somewhere.

Dwolla charges a flat $0.25 for all transactions. Great if you're doing large amounts, not so great if you're looking to do a lot of small ones.

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