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Author Topic: Mtgox online fee calculator  (Read 2925 times)
jaminunit
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December 17, 2011, 06:20:11 AM
 #1

Hi Everyone,

I want to learn how to trade but my math skills are really crap,

I would love if someone wrote a little website or google spreadsheet where you could enter how many bitcoins your selling and how much for, then the calculator tells you what price you would have to sell the bitcoins to cover the round trip in fees.

and the same for the other way around.


I would pay 3 BTC for this. Smiley
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Revalin
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December 17, 2011, 06:45:52 AM
 #2

The fees are 0.6%.  The round trip fees are 1.2036%.  Take the amount you're selling and multiply by 1.012036.  It's the same whether you're starting from BTC or USD.  No spreadsheet required.  Smiley

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
jaminunit
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December 17, 2011, 07:36:05 AM
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The fees are 0.6%.  The round trip fees are 1.2036%.  Take the amount you're selling and multiply by 1.012036.  It's the same whether you're starting from BTC or USD.  No spreadsheet required.  Smiley

great thanks Smiley

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December 17, 2011, 09:27:31 AM
 #4

Hi Everyone,

I want to learn how to trade but my math skills are really crap,

I would love if someone wrote a little website or google spreadsheet where you could enter how many bitcoins your selling and how much for, then the calculator tells you what price you would have to sell the bitcoins to cover the round trip in fees.

and the same for the other way around.

I would pay 3 BTC for this. Smiley
Here you go:  http://usingbitcoin.com/mtgox-fee-calculator.html

The fees are 0.6%.  The round trip fees are 1.2036%.  Take the amount you're selling and multiply by 1.012036.  It's the same whether you're starting from BTC or USD.  No spreadsheet required.  Smiley
That is an approximation, and the details matter if you're going to do high-volume trading.

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
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December 17, 2011, 10:12:49 AM
 #5

Sorry, I left out that you don't pay compounded fees in the second sale.  The correct number is 1.1964%.  This will come out exact IFF you buy and sell at the same price (IE, you're not losing the spread) and your fees are 0.6% (no volume discount).

btc_artist's page shows how it works much more clearly, though.  Smiley

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
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December 23, 2011, 10:06:51 PM
 #6

Hi jaminunit.... just curious if my page met your requirements?

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
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