Thank you so much for enlightening me. May i know the same fees structure for coinbase and bitstamp ?
And i guess using Credit/Debit card for payment will charge me even more...
One more thing if i wish to buy 1 BTC only. What should be the cheapest way knowing the fact that for every transfer i will be charged $50..!
How quick do you need it? Coinbase fee is 1% based on bitstamp's rate, but since you haven't purchased from them before, you'll have to jump through a shit ton of verification steps before you can buy. You'll need to upload your Drivers License, bill to show address, add a bank account, link a credit/debit card, and add you phone and SSN. It takes at least a week for them to verify all your documents.
The fee is not high, but wait time is long. The funds are debited from your bank account, which is an ACH process so will take about 6 days for your coins to be available once you place the order. Your instant buy is only good for $100 until you wait 30 days after your first purchase.
Bitstamp requires you to jump through the same type verification, but they're similar to btc-e in that you also have to wire money into them. More trustworthy than BTC-e, but they'll ask you some pretty invasive questions when you withdraw money. The base btc price is higher, and exchange fees are also higher compared to btc-e.