Exactly. What are the answers to those questions? My desire to find out was why I wrote the OP.
fastcash4bitcoins has an implicit fee of 2.8%. How does that compare to the explicit transaction fees and transfer fees at MtGox and the other exchanges?
What is the cheapest of the various payment options, to get to USD in a bank account? Presumably ACH, but that requires sharing information I may not want to share. What's next? Dwolla, maybe?
The answer is going to depend on your own particular circumstances. Nobody can answer that for you without knowing everything about every transaction you are going to attempt.
As an example:
Imagine service A has a flat $15 fee and service B has a 5% fee.
If you want to transfer $150, you'd be looking at 10% fee with service A and would be better off paying 5% with service B ($7.50)
If you want to transfer $500, you'd be looking at 3% fee with service A and would be worse off paying 5% with service B ($25)
To answer your question I'd need to know:
- How much BTC are you exchanging?
- What payment methods are acceptable to you?
- How much of a hurry are you in to be able to spend your money after the currency exchange is complete?
- Are there any exchanges or services you refuse to use (perhaps for security or philosophical reasons)?
- Do you have any privacy requirements?
- Does your bank charge you any fees for ACH, wire transfer, etc?
- How much risk are you willing to accept of your funds being lost or stolen?
Once I had all those answers, then next question I'd have is, how much money are you going to pay me to research every possibility and determine for you what the absolute best option is?
