Crypto X Change - $5 + % Deposit / Withdraw Fee Will Resume This Last week May

[cryptoxchange]

Dear community,
UPDATE:

1)   Now you can deposit & withdraw any currency around the world to our AUD or USD Markets for $5.00 Flat fee, no international wire costs from your bank or additional fee’s and no deposit or withdraw limits * For Transactions over $500 customers must verify with ID. All transfers are to a local bank near you!

Option 1) Will be resuming some time in the last week of May 2012, cost will be $5 AUD + a small %. At the moment all outbound wires are at a standard international wire cost for International wires, and local Australian transfers are FREE!

2)   BitInstant – We now have BitInstant fully integrated, allowing fast deposits and transfers between exchanges, you can deposit Dwolla, Liberty Reserve, Paxum and Cash

3)   Deposit & Withdraw MtGox USD Directly and Instantly within Crypto X Change

4)   Crypto X Coupons now available – Will be accepted by more participating partners soon

5)   iPhone & Mobile Phone dedicated trading platform, Auto detects via our normal URL

6)   Advanced Trade API for bot’s and connectivity for our partners

7)   Cleaner tidier look, with a Major design upgrade coming soon!

   Besides our Bullion store we are adding Crypto Market Place where trusted community members can sell physical and downloadable products.

10)   AurumXchange which is being integrated at the moment for more deposit and withdraw options for our clients. Fast, Cheap and reliable Deposit / Withdraw NOW Available!

We would like to thank the community for the fantastic support so far, and we would also like to thank all of our new clients that are new to Bitcoin, we have had over 600 new clients join us that are new to Bitcoin over the past few weeks..

Keep checking our site for more new additions and improvements; we have many new unreleased features coming out in January and February 2012 which we are very excited about.

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[1715067107]

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[tiptopgemdotcom]

Does anyone have experience with Crypto X Change?  This is looking like a good option for those of us who need to get out of Tradehill.

[DeaDTerra]

Does anyone have experience with Crypto X Change?  This is looking like a good option for those of us who need to get out of Tradehill.

I trade on Crypto x Change and have also been working with them, I only have nice things to say They are a nice bunch of people that do their best to provide a good exchange with useful features, they are here to stay and they will only get better and better as their platform develops

//DeaDTerra

[bitcoinTrader]

Does anyone have experience with Crypto X Change?  This is looking like a good option for those of us who need to get out of Tradehill.

Just started using, seems good option.

[tiptopgemdotcom]

Guys, thank you for the response!    Now I am curious as heck about the Islamic Bank of Bitcoin...

[mahingupta]

Tradehill -> BitInstant -> Crypto -> Your pocket

Good idea

[Bigpiggy01]

I'm using them extensively as well atm and am very happy so far.

What I like in particular is really fast responses on support questions and the brilliant low withdrawal and deposit fees. An additional thing I've noticed is that it's actually possible to manually arb Mt Gox from there with just a 5-6 cent spread as they deposit gox codes instantly -0.6% fee (only USD atm but btc is supposed to be in the works) which is very reasonable and you can withdraw smaller amounts to gox codes for similar fees.

And for some of us who like to currency trade at the same time as btc trade they do 120 withdrawal currencies which imo can make you an extra % or two if done right.

[tiptopgemdotcom]

Tradehill -> BitInstant -> Crypto -> Your pocket

Good idea

+1.  I did Tradehell -> my wallet -> Crypto X Change and I am now one happy camper.

[niooron]

Does cryptoxchange support withdrawing in CLP?

[cryptoxchange]

Does cryptoxchange support withdrawing in CLP?

Yes, you can see a drop down list of currencies in our withdraw section.

Thank You

Crypto X Change

[the joint]

By $5 flat fee, does that mean $5 on your end?  Or is that $5 total including whatever my bank would normally charge me and whatever your bank would normally charge?

In other words, if I have $100 on Cryptoxchange and want it sent directly to my bank account, I would end up with $95 in my bank account?

[Matthew N. Wright]

By $5 flat fee, does that mean $5 on your end?  Or is that $5 total including whatever my bank would normally charge me and whatever your bank would normally charge?

In other words, if I have $100 on Cryptoxchange and want it sent directly to my bank account, I would end up with $95 in my bank account?

Of course not. Every receiving bank has their own fee structure. There is no way CX could possibly know how much that will cost you.

[cryptoxchange]

By $5 flat fee, does that mean $5 on your end?  Or is that $5 total including whatever my bank would normally charge me and whatever your bank would normally charge?

In other words, if I have $100 on Cryptoxchange and want it sent directly to my bank account, I would end up with $95 in my bank account?

Hi that is correct you send $100 and your Crypto Account will receive $95, the $5 Fee is the exact cost in which it costs us per transfer in and out, the $5 is Automatically taken out during the transfer by our Automation system.

This system is to save the $25 - $35 wire transfers + enable fast Automation, so our clients do not have to wait for us to credit their accounts etc.

The other benefits are the currencies are converted automatically where ever you are sending from or withdrawing to we have a huge supported currency list you will see in our funding bank transfer drop down list.

The Transfers are to a local bank in each country allowing for the No Wire costs.

Thank You

Crypto X Change

[the joint]

By $5 flat fee, does that mean $5 on your end?  Or is that $5 total including whatever my bank would normally charge me and whatever your bank would normally charge?

In other words, if I have $100 on Cryptoxchange and want it sent directly to my bank account, I would end up with $95 in my bank account?

Of course not. Every receiving bank has their own fee structure. There is no way CX could possibly know how much that will cost you.

Well, when he says specifically "no international wire costs from your bank,"  I think the question is appropriate.

[Matthew N. Wright]

Well, when he says specifically "no international wire costs from your bank,"  I think the question is appropriate.

I think that's a miscommunication.

When you send money TO them, your bank won't charge you anything extra (other than what it already charges you).

There is no way CX could have a special agreement with every bank in the world to make it to where your fee is removed.

BUT you can choose to have the receiving party of a transaction foot the bill, and I believe that's what they're claiming they will do for you (at least reduce it to a flat fee of $5).

[cryptoxchange]

Well, when he says specifically "no international wire costs from your bank,"  I think the question is appropriate.

Yes that's correct no international wire costs from your bank.

Sorry for any confusion

Regards

Crypto X Change

[the joint]

Wait...Matthew is confusing me.  


Two Scenarios:

1)  Let's say I have $100 total in a Chase account.  I send those $100 to Cryptoxchange.  I end up with $95 in my Cryptoexchange after all fees on both ends are taken into account?

2)  Let's say I have $100 total in a Cryptoxchange account.  I withdraw those $100 to my Chase account.  I end up with $95 in my Chase account after all fees on both ends are taken into account?

Does Cryptoxchange eliminate the fees that my bank would normally charge me for initiating a wire transfer?

Edit:  I just want this quoted so in the event that I withdraw money and I see some erroneous $30 charge come up from my bank, I can bitch to Cryptoxchange for a refund 

[Matthew N. Wright]

Although I love to troll, in this particular instance I'm trying to help, so let's simplify it even moreso.


Your bank => Cryptoxchange = $5 fee

Cryptoxchange => Your bank = $5 fee

[cryptoxchange]

Two Scenarios:

1)  Let's say I have $100 total in a Chase account.  I send those $100 to Cryptoxchange.  I end up with $95 in my Cryptoexchange after all fees on both ends are taken into account?

2)  Let's say I have $100 total in a Cryptoxchange account.  I withdraw those $100 to my Chase account.  I end up with $95 in my Chase account after all fees on both ends are taken into account?

Does Cryptoxchange eliminate the fees that my bank would normally charge me for initiating a wire transfer?

Reply:

Sorry - this is very simple, sometimes people can get confused due to traditional banking charges & fees

We have arrangement's with our payment / banking partners, so that no matter where money is sent from around the world or we send money out (Withdraw) the fee is $5 Flat No Matter where you are located, as long as it is included in our 25 Supported Inbound Currencies and Our 120 Outbound Currencies.

So we eliminate all the traditional wire fee's etc. So yes $5 flat fee.

Thank You

Regards

Crypto X Change

[Matthew N. Wright]

Two Scenarios:

1)  Let's say I have $100 total in a Chase account.  I send those $100 to Cryptoxchange.  I end up with $95 in my Cryptoexchange after all fees on both ends are taken into account?

2)  Let's say I have $100 total in a Cryptoxchange account.  I withdraw those $100 to my Chase account.  I end up with $95 in my Chase account after all fees on both ends are taken into account?

Does Cryptoxchange eliminate the fees that my bank would normally charge me for initiating a wire transfer?

Reply:

Sorry - this is very simple, sometimes people can get confused due to traditional banking charges & fees

We have arrangement's with our payment / banking partners, so that no matter where money is sent from around the world or we send money out (Withdraw) the fee is $5 Flat No Matter where you are located, as long as it is included in our 25 Supported Inbound Currencies and Our 120 Outbound Currencies.

So we eliminate all the traditional wire fee's etc. So yes $5 flat fee.

Thank You

Regards

Crypto X Change

I wasn't aware you could swallow the fee I'd incur at my bank when receiving money as well. That's pretty revolutionary to me.