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Author Topic: Are there fees to sell on MTGOX?  (Read 570 times)
nckrazze
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May 02, 2012, 07:14:18 AM
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Hi, I am new to the whole bitcoin scheme, but I was wondering if there are exchange fees for using the MTGOX.com service to sell or buy bitcoins. I currently have a 1.8 gigahash machine with 2 5850's and 3 5830's, but was just wondering what I should do with all the BTC once I start making a bit.

What else is there to do with bitcoins, other than claiming them for cash?

-Nick
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Stephen Gornick
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May 02, 2012, 07:37:06 AM
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I was wondering if there are exchange fees for using the MTGOX.com service to sell or buy bitcoins.

There are fees at nearly all exchanges.  The fee for selling will vary as higher volumes get a lower rate.  Starting out you are at 0.6%.  There may be additional fees when withdrawing those funds as wel..  For instance, the least method is Dwolla at $0.25 per transaction.  Wire transfers are much more expensive.

What else is there to do with bitcoins, other than claiming them for cash?

Here's a post that describes a ton of different ways people are using bitcoins:
 - http://bitcointalk.org/index.php?topic=78755.0
pieppiep
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May 02, 2012, 07:38:49 AM
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Here is the page at the mtgox website with their fees
https://mtgox.com/fee-schedule
nckrazze
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May 02, 2012, 07:50:22 AM
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I was wondering if there are exchange fees for using the MTGOX.com service to sell or buy bitcoins.

There are fees at nearly all exchanges.  The fee for selling will vary as higher volumes get a lower rate.  Starting out you are at 0.6%.  There may be additional fees when withdrawing those funds as wel..  For instance, the least method is Dwolla at $0.25 per transaction.  Wire transfers are much more expensive.

What else is there to do with bitcoins, other than claiming them for cash?

Here's a post that describes a ton of different ways people are using bitcoins:
 - http://bitcointalk.org/index.php?topic=78755.0

Thanks for the help, Stephen, I might consider spending the future BTC on investments in the market instead of exchanging!
Meni Rosenfeld
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May 02, 2012, 08:48:39 AM
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What else is there to do with bitcoins, other than claiming them for cash?
Mandatory link: https://en.bitcoin.it/wiki/Trade.

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