If I could ask a question about Paybase use instead of J. Mordica, I (stupidly) just tried to arbitrage what I thought was an 11.4% difference between Paybase and Cryptsy, but of course I am having problems on the GAW side.
The price they list is the buy price, and is a solid 10%+ higher than the sell price. Jeesh. They also take an apparently undisclosed fee for selling? What is that %?
Lastly, I am now attempting to just put the XPY back on Crytsy since I can sell with no loss there, but I keep getting "Withdrawal Error: Please try again later" each time I attempt to withdraw my balance.
Does Paybase even work?
The price they list is the buy price, and is a solid 10%+ higher than the sell price. Jeesh. They also take an apparently undisclosed fee for selling? What is that %?
Lastly, I am now attempting to just put the XPY back on Crytsy since I can sell with no loss there, but I keep getting "Withdrawal Error: Please try again later" each time I attempt to withdraw my balance.
Does Paybase even work?
Just tried this as well, ehem, Seems he's taking around 10% as a fee to convert to Btc. Haven't tried to withdraw yet. Was going to leave it to be obsorbed into his new exchange and hopefully catch the $20
To answer one of my questions, it appears that GAW is levying a 5% fee to my attempts to sell. Quite the large hidden fee! Twenty times higher than Crytpsy.
My reasoning is:
1. The listed value of 1 XPY when selling is $5.65
2. The listed value of 1 XPY when transferring is $5.95
3. There is a very large spread (~5%) that also exists between buy/sell on Paybase.
Sure would be nice to have a transparent exchange where this information was observable, but hey, this is GAW.
