NMC->BTC Exchanges BitParking is best for under 2,400 NMC transfers

420

hero member

Activity: 756

Merit: 500

Quote from: doublec on September 26, 2012, 10:00:18 PM

Quote from: 420 on September 19, 2012, 01:15:18 AM

Volume: Estimate ~18,000 NMC Sep 26 2012
[Estimate by taking about 6 hrs of trades, multiple by 4 and that's 24 hours of trades: https://vircurex.com/welcome/index?base=NMC&alt=BTC&d=7

Vircurex volume for BTC/NMC is showing a volume of 10. Or am I reading it wrong? Is their volume in BTC?

ya convert that as BTC to NMC and you get somewhere over 5,000 which is only the recent trades, it doesn't show a full 24hrs in recent trades

Been looking for their original thread, geez so hard to find...should all be in the same place and stickied but NO

doublec

legendary

Activity: 1078

Merit: 1005

Quote from: 420 on September 19, 2012, 01:15:18 AM

Volume: Estimate ~18,000 NMC Sep 26 2012
[Estimate by taking about 6 hrs of trades, multiple by 4 and that's 24 hours of trades: https://vircurex.com/welcome/index?base=NMC&alt=BTC&d=7

Vircurex volume for BTC/NMC is showing a volume of 10. Or am I reading it wrong? Is their volume in BTC?

420

hero member

Activity: 756

Merit: 500

I just calculated one would need to transfer over 2,406 NMC to BTC (4.5BTC), before withdrawing, before using BTC-E with lower EXCHANGE fee would be worth it over Bitparking's lower WITHDRAW fee

In other words;

Don't use BTC-E over BitParking unless you exchange over 300 NMC before withdrawing (at current rate of 0.0018 -> 0.002 BTC per NMC)

Let's double check by solving this equation:
X * .998 -.01 > X * .996 -.001

X is the amount in needed to transfer into BTC before withdrawl for BTC-E to be viable over BitParking

I got X = 4.5 @ 0.00187 that's ~ 2,406 NMC

Example: suppose you have 2,000 NMC you want to transfer into BTC
Deposit 2,000 NMC, trade @ 0.00187 for BTC = BTC3.74

BitParking after 0.4% fee = 3.72504
BTC-E after 0.2% fee = 3.73252

Withdraw from BitParking - 0.001 Fee = 3.72404
Withdraw from BTC-E - 0.01 Fee = 3.72252

You can see that at 2,000 NMC, BitParking is still going to return you more BTC

aznjack31

full member

Activity: 124

Merit: 100

I use btc-e for my namecoin exchanges

k3t3r

full member

Activity: 183

Merit: 100

bitparking trade fee is 0.4%
btc-e was 0.2% last time i checked

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: 420 on September 19, 2012, 01:15:18 AM

so two sites I know:

BTC-E is another, as is CryptoXChange.

420

hero member

Activity: 756

Merit: 500

Listed by exchange fee lowest to highest, as of Sep 26 2012

BTC-E: http://btc-e.com: Good stats display, keep same deposit address
0.2% Exchange Fee
Withdraw Fee: 0.01
Minimum Withdraw 0.1
Max Withdraws: 1000 BTC, 3000 NMC
Volume: 3,000 NMC Sep 27 2012

Bitparking: http://exchange.bitparking.com: Lower fee to withdraw, deposit address good for 10 days but can only send a deposit once, not good for automatic deposits from a pool
0.4% Exchange Fee
Withdraw Fee: 0.001
Minimum Withdraw 0.1
Volume: 122,000 NMC Sep 27 2012

Vircurex: http://Vircurex.com: Keep same deposit address
0.5% Exchange Fee
Withdraw Fee: 0.01
Volume: Estimate 10,000 NMC Sep 27 2012

CryptoXchange: http://cryptoxchange.com: Must use real name apparently, hard to tell price of coins as orders marked X amount NMC for X amount BTC instead of price, looks like NO volume
0.5% Exchange Fee
Withdraw Fee: 0?
Volume: Estimate 250 NMC Sep 27 2012

Topic: NMC->BTC Exchanges BitParking is best for under 2,400 NMC transfers (Read 2728 times)