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Author Topic: How to reduce commissions MTGox and TradeHill  (Read 1147 times)
makko
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September 04, 2011, 12:52:39 PM
 #1

Hi Guys,

Whats the best way to reduce your MtGox and TradeHill commissions?

I'm currently 0.6/.54 respectively.

Do I just need to get loads of referrals to reduce commission? Also, what's the lower limit on commissions?

Cheers in advance.

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September 04, 2011, 12:54:52 PM
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Here's the info for Mtgox: https://support.mtgox.com/entries/20388551-lowered-trade-fees-and-volume-discounts
Someone else will have to fill you in about Tradehill.

makko
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September 04, 2011, 12:56:10 PM
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Uber quick reply Cheesy

Cheers, I forgot to mention about volume discounts too.

Thanks!

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Stefanie Andrea
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September 05, 2011, 12:51:10 AM
 #4

I get .5 I think on CampBX
makko
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September 05, 2011, 12:45:43 PM
 #5

I get .5 I think on CampBX

Hi, I see the volumes are quite low.

I want to do some simple scripted trading for arbitrage where I buy on exchange and sell on another. I need to have both orders filled or else i'm potentially a big loss.

I'm currently just working on a proof of concept where orders will only be for like one or two BTC. Would I be safe assuming that they would be filled instantly for the current quotes on any exchange?

Thanks.

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kjj
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September 06, 2011, 12:39:59 AM
 #6

I get .5 I think on CampBX

Hi, I see the volumes are quite low.

I want to do some simple scripted trading for arbitrage where I buy on exchange and sell on another. I need to have both orders filled or else i'm potentially a big loss.

I'm currently just working on a proof of concept where orders will only be for like one or two BTC. Would I be safe assuming that they would be filled instantly for the current quotes on any exchange?

Thanks.

No.  The depth reports are showing the past, and your order will be in the future.  The gap in time means that it is not possible to do this without risk.

Also, mtgox and tradehill have been moving in total lockstep with each other for several weeks now.  If there is an arbitrage opportunity between either of them and a third exchange, it is because there isn't enough volume for anyone to care.

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September 06, 2011, 01:40:22 AM
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I get .5 I think on CampBX

Hi, I see the volumes are quite low.

I want to do some simple scripted trading for arbitrage where I buy on exchange and sell on another. I need to have both orders filled or else i'm potentially a big loss.

I'm currently just working on a proof of concept where orders will only be for like one or two BTC. Would I be safe assuming that they would be filled instantly for the current quotes on any exchange?

Thanks.

Like kjj said, there are always risks with arbitrage. There are already other people doing it and if your bot is not fast enough your order will end up pending.

Tradehill doesn't get any better than 0.54. CampBX stated somewhere that they have unbeatable discounts for volume so, if you care to arbitrage there, you should contact them to find out what they can offer.

You might also be interested in reading this.
jwzguy
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September 06, 2011, 01:52:32 AM
 #8

I've done some tests along these lines and there is a significant risk that your order will not go through in time and be left hanging on one side. If you try to do one side at a time, and wait to confirm on one side you'll almost definitely lose the other.

There are several bots already doing arbitrage and they take care of existing gaps very quickly.

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