I wanna use betonline cause they have some good features there including great cfb openers and other stuff. i was gonna dep via btc (i should have), then i seen they were paying out a little less than the rest of the market so i decided to dep via cc (dumb decision) i had no idea about the 6% fee. wish i would have known,, when u dep via btc thru circle u still pay around a 3% markup just on the bid/ask price for btc on circle. Just wanted everybody to know about this cause i had no idea.
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They charge 6% (6.5% i think) for btc too. I just opened an account there this year for the cfb openers. I was going to figure out the btc process to avoid the cc fee, but then I saw it was the same thing.Comment -
@Scottgodson1985, how do you calculate that circle has a "3% markup"? A 3% markup on what exactly?
People who have never traded currency or dealt with a foreign transaction before cant seem to get their head around the fact that there is no correct price. If you want to maximize any advantage you can make on the money transfer system, then you should not be dealing with any straight exchanger, you need to go and buy at a trading market.
If you choose Circle then you are looking for convenience and a payment system. If you want to invest or trade in this stuff then Circle or Coinbase are not names you would be using
But if this is just a money transfer system to you... then stop sweating the little stuff and understand that it does not matter what rate Circle use if that is your sole way to buy and sell bitcoin, as whatever amount you claim they are over charging on the buy side is made up on the sell side on the way out as their spread is small.
No they don't.
They announced Bitcoin deposits are now free of charge a week or so ago http://www.sportsbookreview.com/foru...coin-news.html.Comment -
^^ Making bitcoin deposits free is a wise decision.Comment -
the bid ask/price for circle is always 1-3% higher than the blockchain price.
circle btc buy $613
blockchain btc value $602
1.8% markupComment
