Topic: Absolute cheapest way to sell/buy bitcoins in the U.S. (Read 3274 times)
mtgox is sadly one of the cheapest.
I wish to find the cheapest method of selling and buying bitcoins, with the lowest fees, any ideas?
The factors that matter are:
- Where are you (country)?
- How much are you looking to by?
- What payment methods can you use?
- How soon do you need the bitcoins?
- Is privacy / near-anonymity important?
Only once those are known can recommendations be made.
In the U.S., Coinbase works for many. 1% fee, though they are out of inventory frequently. Other times there's no guarantee that your order won't get canceled.
A fairly comprehensive list of methods exist on the Bitcoin wiki:
- http://en.bitcoin.it/wiki/Buying_bitcoins
!!!!!1
Bitstamp: 0.1% (at least 15$) deposit fee and 0.5% trading fee (lowering with increasing volume). Though it works in dollars, I don't know about transfers from the USA. I do know they process them very fast once they receive the money. In SEPA zone, I have had deposits confirmed at midnight, 12 hours after ordering the transfer.
Bank > Dwolla > MtGox is $0.25, but takes 4-5 business days (plus initial time to get verified)
The time to get verified on Mtgox is in the weeks.
Bank > Dwolla > MtGox is $0.25, but takes 4-5 business days (plus initial time to get verified)
For (gradual) selling, you could put an ad localbitcoins.com and meet with people in person to sell BTC for cash. This assumes you live in a somewhat densely populated area.
I wish to find the cheapest method of selling and buying bitcoins, with the lowest fees, any ideas?
I know there is BitInstant which charges 4% fee, anyone lower?
I know there is BitInstant which charges 4% fee, anyone lower?
https://intersango.com
coinbase.com only charges 1% fee
I wish to find the cheapest method of selling and buying bitcoins, with the lowest fees, any ideas?
I know there is BitInstant which charges 4% fee, anyone lower?
I know there is BitInstant which charges 4% fee, anyone lower?
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