5-10 minutes? What?
This should take you ten seconds tops, I know if I made a service I'd have to working instantly.
Instantly takes 1-2 minutes at least.
But hey isnt 10 minutes better than 40 or 60?
And this will give you chance of arbitrage like you wanted.
Why does it take 1-2 minutes?
1. User gives you code/transfers money
2. System automagically activates and checks code/transfer.
3. System generates/transfers money from exchange in question to them.
Define "Small Fee"
It could be 0.5% or 1% of the amount being transferred.
I would say a 1% fee, but, a cap of around a dollar or two. So, if someone isn't transferring that much, they pay very little, but, if they're transferring a lot ($100 or more), it's capped and they're not paying insane fees.
Define "Small Fee"
It could be 0.5% or 1% of the amount being transferred.
That's a HUGE fee.
Jesus how do you even think anyone would pay that kind of fee.
TacticalFacepalm.
I currently dont want to go below 0.5%.Imagine what you will be getting for this.
Honestly? Unless you can convert USD as well, and not just BTC, not much from what I'm seeing.