Topic: Bitstamp EUR/USD question (Read 711 times)
I was not right since its EUR/USD i sell my EURO for USD so it is the SELL rate
When you deposit € they take the buy rate, when you withdraw they take the sell rate. Yes. That is the spread and their way in making money.
So was right thank you.
This means if you use euro to deposit, 1 bitcoin on bitstamp is now $265.49 / 1.1209 = € 236,85
When you deposit € they take the buy rate, when you withdraw they take the sell rate. Yes. That is the spread and their way in making money.
I have a question about Bitstamps EUR/USD rates because i am a little confused...
(Rates can be found here : https://www.bitstamp.net/api/eur_usd/)
If i make a wire transfer of lets say € 500,00 does bitstamp use the buy or sell rate;
Sell : € 500 * 1.1045 = $552,25
Buy : € 500 * 1.1149 = $557,45
What my thoughts are :
When you deposit € they take the buy rate, when you withdraw they take the sell rate because
Deposit in EUR you buy USD
Withdraw you sell USD for EUR
(Rates can be found here : https://www.bitstamp.net/api/eur_usd/)
If i make a wire transfer of lets say € 500,00 does bitstamp use the buy or sell rate;
Sell : € 500 * 1.1045 = $552,25
Buy : € 500 * 1.1149 = $557,45
What my thoughts are :
When you deposit € they take the buy rate, when you withdraw they take the sell rate because
Deposit in EUR you buy USD
Withdraw you sell USD for EUR
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