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Author Topic: Bitstamp or Coinbase is cheaper to buy BTC for SEPA EUR?  (Read 1708 times)
manicminer
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October 16, 2014, 10:07:21 AM
 #1

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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manicminer
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November 20, 2014, 03:21:51 PM
 #2

Sorry for bumping. I can't believe no one is interested in this.

But when I asked for regional sub-forums ( https://bitcointalk.org/index.php?topic=782913 ), I was told the current forum structure is just good as it is.

Then why I can't find the people with similar issues?
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January 18, 2015, 10:42:20 AM
 #3

- No one knows anything

- Or no one cares

- Or I simply asked the question in the wrong forum?
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January 18, 2015, 01:12:56 PM
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where does CoinBase have the bank account?
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January 18, 2015, 02:04:55 PM
 #5

Why don't you use Kraken? They offer SEPA deposits to their German bank account and they have the largest BTC/EUR exchange volume.
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January 18, 2015, 04:05:05 PM
 #6

I don't know anything about coinbase, but a year ago, when I used bitstamp, the exchange rates from EUR to USD were good(so I think they are good also now). You can't compare it to the real forex rates. It is the same when looking at the real gold price and then the price to really buy gold.
So if you want to compare the rates, you have to look where you can exchange real EUR in USD. And then you see that the rate Bitstamp offers is very very good, compared to other rates you would have to pay.

But yes, Kraken.com would be the better way to spend EUR.

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January 18, 2015, 04:38:45 PM
 #7

Check out https://BIT-X.com perhaps?

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keystroke
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January 11, 2018, 10:12:46 PM
 #8

Sorry for bumping but this thread is linked from elsewhere. I wanted to point out another issue which occurs if your withdrawal is delayed due to KYC and you initially sold in USD and are now doing an EUR SEPA transfer. The exchange rate which will be used is on the day the SEPA transfer is made rather than the day you requested the withdrawal.

"The difference between a castle and a prison is only a question of who holds the keys."
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