4 ms·
They do at least a 0.5% spread + 1.5% fee. So the price listed if you are buying, it's at least 0.5% higher and if you're selling it's at least 0.5% lower. Wh
by kristopolous 9y ago
They do at least a 0.5% spread + 1.5% fee. So the price listed if you are buying, it's at least 0.5% higher and if you're selling it's at least 0.5% lower. Which means if you're trying to "flip" as in buy low and sell high, you need to see at least a 4.1% or so increase to just break even. Sometimes their spread will be over 1% in both directions.
Btc usually operates in practice on a 0.5% spread or less.
There's a reason why the only name we know from the gold rush is Levi Strauss. The real money is in the facilitators of the rush, not in the prospecting.