Mtgox online fee calculator

[jaminunit]

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.

[Revalin]

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. 

[jaminunit]

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. 

great thanks

[btc_artist]

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.

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. 

That is an approximation, and the details matter if you're going to do high-volume trading.

[Revalin]

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. 

[btc_artist]

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