How to Track, Get and Set the Best ... - Bitcoin News
How to Track, Get and Set the Best ... - Bitcoin News
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PSA: BitInstant's cash-to-bitcoin-address service is reliable, but they fudge the exchange rate; on top of the stated 3.99% fee (and unstated ZipZap fee), BitInstant has consistently marked up the exchange rate way above ($6 or so) the maximum that MtGox quotes around the time the transfer is made.
This includes any time at which the order was open.
This is a consistent markup from what I've experienced.
Everything that I've read both on and off BitInstant's web site suggests that they use MtGox directly. More to the point, BitInstant doesn't bother telling you what their exchange rate is going to be; it could be set at a markup of $200 for all you know.
UPDATE: Charlie Shrem (bitinstant) ultimately compensated me more than what I thought I was still owed, and for that I thank him; I feel that my personal matter has been satisfied amicably. I still believe that there are strange discrepancies in the data I've seen, which have not yet been accounted for, and I hope Charlie looks into it for the sake of his otherwise valuable company; I wouldn't want BitInstant to be blamed for the errors (or malice) of another party in the pipeline. In any case, I would currently still feel comfortable using BitInstant.
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Of course I'm loving the rise in exchange rate value, however these fees are hindering my ability to use it in day to day use. Bitcoin is turning into an investment vehicle for "cashing out" at the moment.
For the record I understand everything that is going on (memepool, fee calculations, etc). Take BitPay for example: you can't conduct business with them anymore unless you're purchasing huge amounts or don't mind losing money. Their ridiculous (non adjustable depending on network conditions), UTXO sweep fee makes it impossible to conduct business transactions for items $150 or less and not lose money. With their UTXO fee, combined with a roughly average transaction fee (when the memepool isn't empty) is about $5. It's just not worth it anymore. At the moment the viable methods for Bitcoin are treating it like a savings vehicle, large consumer purchases, or overseas remittance. Don't get me wrong, I'm grateful for the rise. I'm just longing for the "good old days", and I don't think lightning will be able to truly provide that.
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Question: Id like to start selling bitcoin to people that cant buy them themselves, whats an easier way to calculate the exchange rate for fiat to BTC in a private transaction ? Like for example a guy wanted to get $200 , after fees and transfers it came out to $126 left ... /r/BitcoinBeginners
I've recently became interested in using bitcoin ATMs, but I'm a bit skeptical if it's worth it considering the high fees and exchange rates I hear. I don't know how high/expensive these are though, so could someone tell me an average exchange rate or fee for using a bitcoin ATM?
Of course I'm loving the rise in exchange rate value, however these fees are hindering my ability to use it in day to day use. Bitcoin is turning into an investment vehicle for "cashing out" at the moment. /r/Bitcoin
Bitcoin is a currency of Digital Currency. The sign of Bitcoin is ¤, ISO code is BTC. Bitcoin is sibdivided into 1000 mBTC. BTC exchange rate was last updated on October 24, 2020 01:45:01 UTC. All currencies In the Electrum wallet for Bitcoin Core, the fee rate is set according to a block target estimated time of arrival (ETA) as seen in the image below. The Electrum BTC wallet also provides further ... With so many Bitcoin exchanges emerging in the last two years, it can get quite confusing knowing where to get your Bitcoins. Most people do “the obvious thing” which is to compare the different Bitcoin exchanges based on the exchange rate and then usually go with the cheapest one.. The problem is that the exchange rate is only part of the equation, and sometimes a very small part of it. The exchange rate is fair compared to other platforms and you also have an instant buy option to purchase bitcoin with a credit card. Bear in mind that purchasing bitcoin with credit cards can cost you up to 7% in fees on Cex.io, but on the other hand, you will get your bitcoins instantly. In the case of bank wire transfers, there are no deposit fees, you have to wait until the deposit is ... Find Exchange; Mining; Get Wallet; Bitcoin Fee Calculator & Estimator transaction type: To confirm within blocks ( ~ min) satoshis/ For a standard transaction with inputs ~ s . and outputs ~ satoshis ~ USD . Learn about bitcoin fees... Bitcoin is made up of blocks. Blocks are a set of transactions, and currently restricted to be less than or equal to 1,000,000 bytes and designed so that on ...
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