[PHP] VirWox BTC/USD Exchange Rate | Bitcointalksearch.org

bitcon

legendary

Activity: 2212

Merit: 1008

^this. you get higher discount the more trades you complete

chmod755

legendary

Activity: 1554

Merit: 1021

There are discounts on the trading fees for limit orders based on your trading activity during the last 30 days - so your results might be different from the chart if you're using limit orders instead of market orders.

Lavabo

newbie

Activity: 17

Merit: 0

Quote from: caktux on August 03, 2013, 05:03:43 AM

Thank you for this! I made a USD/BTC tracking chart based on this at http://caktux.ca/virwox comparing the resulting price with MtGox and Bitstamp. Deposit and withdrawal fees are also taken into account. I was surprised to see that even after all those fees, there are a few times when you can get a better rate than at the other exchanges.

Interesting, but is it possible to have BTC/USD live chart?? When im trading my BTC im having a hard time understanding the SLL rate

thanks

Hfleer

sr. member

Activity: 448

Merit: 250

Changing avatars is currently not possible.

Quote from: caktux on August 03, 2013, 05:03:43 AM

Thank you for this! I made a USD/BTC tracking chart based on this at http://caktux.ca/virwox comparing the resulting price with MtGox and Bitstamp. Deposit and withdrawal fees are also taken into account. I was surprised to see that even after all those fees, there are a few times when you can get a better rate than at the other exchanges.

For a market order right now would cost $101.85 per BTC, and you could sell for $96.50. That's without the fees which I think change with your volume and the order type, but are pretty high. Your site says 106-108, so sell is probably around 90ish with those fees. The Buy is not too horrible if you're doing it on credit.

caktux

newbie

Activity: 16

Merit: 0

Thank you for this! I made a USD/BTC tracking chart based on this at http://caktux.ca/virwox comparing the resulting price with MtGox and Bitstamp. Deposit and withdrawal fees are also taken into account. I was surprised to see that even after all those fees, there are a few times when you can get a better rate than at the other exchanges.

Code:

$usd = $virwox->result[0]->sell[0]->price - (50 / $virwox->result[0]->buy[0]->price); // Price of USD to SLL + commission fee of 50 SLL
   $usd_with_fees = $usd - ($usd * 0.029); // Price of USD to SLL + fee

   $btc = $virwox->result[1]->buy[0]->price + 50; // Price of SLL to BTC + commission fee
   $btc_with_fees = $btc + ($btc * 0.029); // Price of SLL to BTC + fee

   $rate_with_fees = $btc_with_fees / $usd_with_fees;

   $rate_virwox = $rate_with_fees + ($rate_with_fees * 0.034) + 0.5 + (0.01 * $rate_with_fees); // Price of BTC to USD + initial deposit fee + .35 EUR->USD + withdrawal fee

OdinHephaestus

member

Activity: 70

Merit: 10

So, had to make this for a project, and thought I would share.

This is a simple PHP script that calculates the BTC<->USD exchange rate on VirWox, after fees.

Code:

Topic: [PHP] VirWox BTC/USD Exchange Rate (Read 5435 times)