more exchanges should hopefully equal a more competitive war on fees! 
I wrote them an email, no response yet.
I'll try to drop by their AIA address tomorrow.
Topic: thoughts on itbit.com? - page 2. (Read 6074 times)
I wrote them an email, no response yet.
I'll try to drop by their AIA address tomorrow.
more exchanges should hopefully equal a more competitive war on fees!
I think their fee structure means that if you place a market order (removing depth from the order book), you pay 0.7%. If you place a limit order (increasing order book depth) and someone accepts it, you instead are paid 0.1% of that. So that the total fee per trade (both sides combined) is 0.6% (thus the "average" value of 0.3%). I think Bitfloor (?) also used this fee model before it closed down. Seems interesting, since I usually use limit orders anyway!
Righto that makes sense, thanks!
I think their fee structure means that if you place a market order (removing depth from the order book), you pay 0.7%. If you place a limit order (increasing order book depth) and someone accepts it, you instead are paid 0.1% of that. So that the total fee per trade (both sides combined) is 0.6% (thus the "average" value of 0.3%). I think Bitfloor (?) also used this fee model before it closed down. Seems interesting, since I usually use limit orders anyway!
gonna be a lot of exchanges in the coming months popping up. Just wait till your local bank runs one.
Oh man that would be cool
. But agreed, exciting times ahead, looking forward to some 0% fee exchanges! 
gonna be a lot of exchanges in the coming months popping up. Just wait till your local bank runs one.
Seems like a new exchange.
Also if someone could explain the fees that would be cool.
https://www.itbit.com/p/fees
Also if someone could explain the fees that would be cool.
https://www.itbit.com/p/fees
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