Lots of buy orders at Crypto X Change... sold coins at $2.94

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: evoorhees on December 05, 2011, 01:56:25 PM

Quote from: geek-trader on November 27, 2011, 08:16:17 PM

I agree completely. The $15 fee makes it a non-starter. It costs me $0.25 to withdraw from MtGox to Dwolla. Why would I pay 60 times that to withdraw from CryptoXChange?

MtGox withdraws to Dwolla and then to your bank can take over ten days.

Withdraw from Crypto to your bank is more like 48 hrs.

Also - I think the fee is going to be reduced soon.

Hopefully -- this is the sole reason I am not using CryptoXChange rather than MtGox.

geek-trader

sr. member

Activity: 294

Merit: 250

Quote from: evoorhees on December 05, 2011, 01:56:25 PM

MtGox withdraws to Dwolla and then to your bank can take over ten days.

I do it every month to pay the power bill, and it's never taken more than 3 business days, usually 2. I have seen posts stating that a particular withdrawal took a while, but it's not happened to me.

Littleshop

legendary

Activity: 1386

Merit: 1004

I agree that it can take 10 days (because so many other people have said so), but so far, the worst for me is 4 (over a weekend) and most are 48 hours or less with Gox.

Even a $5 fee would still be a lot unless they really were consistently fast, always beating the others for time in transit to bank. My goal is to keep my total BTC to bank fees to 1% (including trade fees), and have been doing so with Gox and Tradehill with $300 order sizes.

Luckly I am able to buy more and more with BTC and having to trade in less.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: geek-trader on November 27, 2011, 08:16:17 PM

I agree completely. The $15 fee makes it a non-starter. It costs me $0.25 to withdraw from MtGox to Dwolla. Why would I pay 60 times that to withdraw from CryptoXChange?

MtGox withdraws to Dwolla and then to your bank can take over ten days.

Withdraw from Crypto to your bank is more like 48 hrs.

Also - I think the fee is going to be reduced soon.

Gyom

donator

Activity: 83

Merit: 10

I think it all depends where you are located.

If you are outside the US, there are not that many easy options to buy in... CryptoXchange might solve a few problems for non-US bitcoiners.

geek-trader

sr. member

Activity: 294

Merit: 250

Quote from: Littleshop on November 26, 2011, 09:18:14 PM

I would be interested in the exchange, but the $15 fee for withdrawals and deposits makes it not worth it for me. Even with $500, $15 is 3%.

I also am seeing only a slight premium to mtgox right now, not enough to cover the $15. I pay .25 cents to withdraw to Dwolla on mtgox and zero for a check at Tradehill and a slightly lower trading fee at mtgox or Tradehill.

Again, I always like alternatives and would try, but the $15 fee makes it fail for me.

I agree completely. The $15 fee makes it a non-starter. It costs me $0.25 to withdraw from MtGox to Dwolla. Why would I pay 60 times that to withdraw from CryptoXChange?

Littleshop

legendary

Activity: 1386

Merit: 1004

I would be interested in the exchange, but the $15 fee for withdrawals and deposits makes it not worth it for me. Even with $500, $15 is 3%.

I also am seeing only a slight premium to mtgox right now, not enough to cover the $15. I pay .25 cents to withdraw to Dwolla on mtgox and zero for a check at Tradehill and a slightly lower trading fee at mtgox or Tradehill.

Again, I always like alternatives and would try, but the $15 fee makes it fail for me.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Hi traders,

Crypto X Change has a number of buy orders coming in and prices are being bid pretty high. I just sold 23 coins at $2.94 each.

If you have coins lying around, you might put a sell order there at higher than spot price and see if you can make a bit of profit.

Topic: Lots of buy orders at Crypto X Change... sold coins at $2.94 (Read 1098 times)