MtGox fees ? | Bitcointalksearch.org

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: jbcmine on August 22, 2012, 01:20:05 PM

Is it normal when transferring BTC->USD via BoA wire transfer to hit a 12% total fee. Went from $311 -> $270.

Yup, plenty of alternatives to move cash from B of A into Bitcoin without using a wire transfer.

- http://en.bitcoin.it/wiki/Buying_bitcoins

jbcmine

member

Activity: 209

Merit: 10

Will do, thanks!

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Wires "usually" (nothing is guaranteed or simple in the fiat banking world) have flat rate fees. $40 sounds about right (between what you bank charges, interim bank charges, and MtGox charges). It may vary somewhat depending on the banks involved but $30 to $80 is normal. $40 on $10,000 wire makes a lot more sense than $40 on $300 wire. Really wires are intended for very large transfers that need to be funded rapidly.

Next time bump that $300 to $500 and use Bitcoins Direct; 1% below MtGox with no fees

jbcmine

member

Activity: 209

Merit: 10

Is it normal when transferring BTC->USD via BoA wire transfer to hit a 12% total fee. Went from $311 -> $270.

Topic: MtGox fees ? (Read 1668 times)