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viking02
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February 22, 2015, 03:05:15 AM
 #1

Coinbase is 1% fee plus 15 cent transaction fee correct?  Thus $1000 in coinbase and selling it to coinbase and theres a $10+0.15 fee so $10.15 and $989.85 ACH transfer to bank account?


But I heard circle theres no fees at all?  But isn't it true their prices are not better than coinbase so even if theres no fees... it costs more b/c of the btc price?  Thus if you have $1000 in btc in circle, u want to get it to bank account, how much fee would it cost and total amt to bank account?  More or less than $989.85?  Also... so buying bitcoin from circles theres no fee either?  But isn't btc price higher on circle then coinbase so even though no fee... it still cost more than coinbase?


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February 22, 2015, 04:18:23 AM
 #2

No free lunch...

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February 22, 2015, 04:29:05 AM
 #3

Coinbase and US exchangers is not the cheapest to use. Most exchangers in my country does not asked for a fee and transaction fee for transferring to my bank.
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February 22, 2015, 08:33:06 AM
 #4

Everyone will have a fee when you convert fiat to bitcoin or bitcoin to fiat. Whether it be hidden in their exchange rate or maybe they will just flat out tell you what the fee is on top of the exchange rate. All of these companies have to pay for the network to interact with the banks and thus there is really no side-stepping the fees.

Your best bet is to buy stuff directly with bitcoin or even using stuff like Gyft or Purse.io so that when you buy stuff with bitcoin you actually save money...3% with Gyft and up to 20% with Purse.io. That way there is no fee and you actually get more $$ for your bitcoins.

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February 22, 2015, 09:03:43 AM
 #5

Everyone will have a fee when you convert fiat to bitcoin or bitcoin to fiat. Whether it be hidden in their exchange rate or maybe they will just flat out tell you what the fee is on top of the exchange rate.
True, nothing is free, there is always hidden fee. Got experience from some exchanges

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February 22, 2015, 01:04:07 PM
 #6

Can't run away from the fees but anyway if compare between both it will still work out to be roughly the same. Another option is to use localbitcoin provided you can find buyers which are willing to take in large orders.

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February 22, 2015, 01:20:51 PM
 #7

I am using coinbase at the second.  I am sure somewhere on the internet there has to be some type of free marketplace where member to member transactions happen using online payment processors like paypal.  Like some says hey I will send you this amount of coin at this price and then the money is held until coin is delevered.  I am going to search around today.

free way to get bitcoins howtogetfreebitcoins.com
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February 22, 2015, 05:33:51 PM
 #8

Cpinbase is indeed charging less per $1000 transfer as PayPal charges over $5 for a $100 transaction only. Coinbase is secure while if one fetches lesser fee, the risk will be more and so paying that amount is worth it.


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February 22, 2015, 06:46:50 PM
 #9

Actually it's even better if you sell on https://www.bitquick.co

You get the cash instantly into your bank account. You can also demand whatever price you like. The closer to market rate, the faster the sale. If you list it at market rate, you'll sell immediately. If you list at 5% above, it may take 24-48 hours.

Most importantly, no fee on BitQuick.

Both options are better than waiting 3-5 business days on Circle Smiley

https://bitquick.co - Buy bitcoins instantly with cash at 2% fee or Sell Bitcoins at 0% fee with BitQuick.co. Encourage safer, more secure trading! Stop selling on LocalBitcoins.
Safe trading resource: https://bitcointalk.org/index.php?topic=208203.0 Read it before you ever make a trade! Know what you're getting yourself into!
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February 22, 2015, 06:50:37 PM
 #10

What i prefer most of the times is a little dip and i buy on LBC and then when i want to sell or cash them , i cash them there
It's a little fee but get's the job done more quickly
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February 22, 2015, 06:51:19 PM
 #11

What i prefer most of the times is a little dip and i buy on LBC and then when i want to sell or cash them , i cash them there
It's a little fee but get's the job done more quickly

You cash them on Bitcointalk.org?

https://bitquick.co - Buy bitcoins instantly with cash at 2% fee or Sell Bitcoins at 0% fee with BitQuick.co. Encourage safer, more secure trading! Stop selling on LocalBitcoins.
Safe trading resource: https://bitcointalk.org/index.php?topic=208203.0 Read it before you ever make a trade! Know what you're getting yourself into!
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February 22, 2015, 07:06:42 PM
 #12

Most of the exchanges do charge a fee for a conversion BTC to your local currency. They have to earn their living as well.
In Germany, one of the most popular services, bitcoin.de, charges fee of 1% that is shared between the buyer and the seller.

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koelen3
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February 22, 2015, 07:16:06 PM
 #13

What i prefer most of the times is a little dip and i buy on LBC and then when i want to sell or cash them , i cash them there
It's a little fee but get's the job done more quickly

You cash them on Bitcointalk.org?

Nope! on LBC , i just sell them , it's easy that way and no hassle
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February 22, 2015, 07:35:54 PM
 #14

Bitcoin isn't exactly easy to get and there are all sorts of fees for the various exchange services.  there is circle, virwox, coinbase and a few others where you can get some exchange going.  coinbase takes longer but I think their fee is lower than most. 


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February 22, 2015, 07:39:00 PM
 #15

Do you know that kraken.com charge only 0.09 € (if I remember correctly) for a bank transfer? I thought only in the eurozona , check the site.
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February 23, 2015, 02:27:27 PM
 #16

Actually it's even better if you sell on https://www.bitquick.co

You get the cash instantly into your bank account. You can also demand whatever price you like. The closer to market rate, the faster the sale. If you list it at market rate, you'll sell immediately. If you list at 5% above, it may take 24-48 hours.

Most importantly, no fee on BitQuick.

Both options are better than waiting 3-5 business days on Circle Smiley

I would like to know how this site works as the site shows 0% fee if you sell immediately which is too good to be true. Transferring to a bank account without fee sounds suspicious to me. Have you tried this website?


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February 23, 2015, 02:43:15 PM
 #17

I would like to know how this site works as the site shows 0% fee if you sell immediately which is too good to be true. Transferring to a bank account without fee sounds suspicious to me. Have you tried this website?
agree. there are no free lunches, exchange has to earn their money somewhere. We all have to read terms & conditions, especially what is written with smaller font.

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February 24, 2015, 11:30:26 AM
 #18

I would like to know how this site works as the site shows 0% fee if you sell immediately which is too good to be true. Transferring to a bank account without fee sounds suspicious to me. Have you tried this website?
agree. there are no free lunches, exchange has to earn their money somewhere. We all have to read terms & conditions, especially what is written with smaller font.
Yeah! especially the smaller font
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February 27, 2015, 06:42:14 PM
 #19

Coinbase and US exchangers is not the cheapest to use. Most exchangers in my country does not asked for a fee and transaction fee for transferring to my bank.
which country you are from
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February 27, 2015, 07:02:31 PM
 #20

thats why international exchange like have a big withdraw to other bank

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