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October 16, 2014, 10:07:21 AM |
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Bitstamp has an EUR bank account in Slovenia to which I deposited euros, then it converted to USD Then it converted the EUR deposit to USD but I checked the daily EURUSD forex range and Bitstamp converted my EUR to USD at a rate worse even the worst rate in the 24-hour daily range; I have to say, clever: another small profit source for them.
Side note: I understand BTC is usually priced in USD but for the euro market for a European exchange with a SEPa account it would make sense that exchange customers euros to bitcoins directly. Say, I deposit 100 euros, then it may display prices - while holding my physical 100 euros - as virtual USD prices, floating, say, between USD 130-135 per my EUR 100 deposit.
Coinbase just entered the European marketplace as an exchange with EUR deposits available.
Which is cheaper or better to deal with in other aspects? Only have experience with Bitstamp so far.
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