Questions tagged [exchange-fees]

Related to fees charged by Bitcoin exchanges.

Fees charged by Bitcoin exchanges are generally there to 1) prevent abuse of the services and 2) to make the operator some money.

Fee types fall into 4 categories:

  1. Per exchange fees (Mtgox)
  2. Fees on moving money to and from a bank account
  3. Per-trade fees
  4. Per-account fees
56 questions
21
votes
5 answers

Is there any way to buy bitcoins online without a fee?

I'm new to bitcoins, and my experience is from something like E*Trade buying on the NASDAQ, so that's my frame of reference. I paid a small broker fee for every buy or sell, and I trusted the exchange and the software 100%. But I thought the big…
toddmo
  • 774
  • 2
  • 7
  • 23
17
votes
5 answers

Is there a Bitcoin exchange comparison site (fees, details) like distrowatch.com or http://cmsmatrix.org/?

Is there anybody that knows of a site that does a fairly thorough comparison of all currently active exchanges, and their fees especially. Like there is distrowatch.com and cmsmatrix.org. The closest i've seen is on the bitcoin wiki :…
user175099
  • 171
  • 1
  • 3
11
votes
1 answer

Getting GBP back from Bitcoin?

I have a handful of BTC that thanks to the recent interest are now worth me trying to get back into GBP that I can spend. I've done a little research, but the only methods of converting my BTC into GBP that I can spend seem to involve hefty fees. …
Dave Potts
  • 211
  • 2
  • 4
10
votes
7 answers

Is there an opensource crypto-currency exchanges engine?

I'm looking for an opensource crypto-currency exchange engine. My preference would be for something easy to use like joomla or drupal. My exchange setup needs support for alt-coins and bitcoin. I have discovered intersango myself. However, sql file…
strand
  • 151
  • 1
  • 1
  • 7
9
votes
2 answers

Is there any Bitcoin Exchange that doesn't have fees for euro SEPA deposits/withdrawals?

Since Tradehill disappeared, which was really sad, I cannot find any Bitcoin exchange that let's me deposit and withdraw euros without fees, while they do for US dollars. Both Mt.Gox and Intersango have a 10-20 PLN fee that their bank charge. While…
Steven Roose
  • 11,473
  • 8
  • 44
  • 71
9
votes
6 answers

What would a new exchange need to be better than the rest?

If a new crypto v crypto exchange were to be built and launched. What would tempt you to use it rather than what you currently use? Or what improvements would you like to see from the way things work now.
8
votes
4 answers

What are taker and maker fees?

Please see the attached pictures as a reference If I sell my 0.9 Litecoin at 39.18 (assume that I can sell at this price), do I need to pay any fee? What if I sell my 0.9 Litecoin at 39.15 (assume that I can sell at this price), do I need to pay any…
Marco
  • 305
  • 1
  • 6
  • 12
7
votes
1 answer

When BTC is traded at a Bitstamp, Mt Gox (or similar) what is the algorithm for matching Buys to Sells? How do partial fills occur?

I'm trying to understand how a partial fill would / should happen at an exchange and how that would occur For example, if the BTC rate was $10/BTC and Someone wanted to buy 100 BTC at $10 The only sellers were One seller wants to sell 50 coins…
makerofthings7
  • 12,656
  • 11
  • 60
  • 129
6
votes
2 answers

Calculation of arbitrage profit

I have made calculations based on 3 exchange buy and sell orders. (Cryptsy, C-cex and Bter) and have taken DOGE/BTC market into account. Both cryptsy and C-cex have the same calculations to get the net total amount(Final amount including transaction…
Jsd
  • 338
  • 2
  • 14
5
votes
1 answer

How much does it effectively cost to purchase currency at an exchange?

If I buy crypto-currency at, for example, Kraken, how much does it effectively cost me to buy it and move it to another wallet or exchange?
deepbrook
  • 1,672
  • 1
  • 15
  • 23
5
votes
1 answer

How are Fees Charged at Kraken?

How are fees charged when I initiate a trade? Are they subtracted from my order's volume? Are the fees applied separately from my account's balance? Can I set the currency I want my fees to be charged in? I have provided the Answer below, including…
deepbrook
  • 1,672
  • 1
  • 15
  • 23
4
votes
3 answers

Bitcoin Cash - How to get estimated fee and send transaction

Last week I started working with Bitcoins and needed to show the transaction fee. While working with Bitcoins, I used: https://bitcoinfees.earn.com/api/v1/fees/recommended https://api.blockcypher.com/v1/btc/main Now I need to do it with Bitcoin…
Eduardo
  • 151
  • 1
  • 6
4
votes
1 answer

Sell order in Bter is incorrect

In Bter I created a sell offer with DOGE/BTC, it seems the calculation is wrong. They have not deducted the transaction fee. I have included 2 screen shots and anybody know the same or experience the same kindly clarify this. Before creating sell…
Jsd
  • 338
  • 2
  • 14
2
votes
3 answers

Avoiding currency conversion markup

For example, I want to travel from Country A to Country B. If i exchange money from Currency A to Currency B, i will have to pay conversion fees. Is it possible to convert my money from Currency A to bitcoins, and then go to country B and convert…
2
votes
3 answers

How do exchanges set their transaction fees?

I was reading on the Bitcoin wiki (https://en.bitcoin.it/wiki/Transaction_fees ) that a user can set his own fees when conducting a bitcoin transaction. Like many, I have a Coinbase account, but I don't see anywhere in there where I can set the…
Dave
  • 405
  • 6
  • 15
1
2 3 4