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That's the currency exchange rate he is offering not a transaction fee. The bitcoin transaction itself is free

• Nursie 13y ago
  Except if you actually read the linked page it says that it's at least partially due to the 7% fees have to deal with when converting the BTC back to sterling, which is all they're really interested in. Add on whatever fees you pay to get hold of the BTC in the first place and you have quite an expensive system.
  • celticninja 13y ago
    of course, there really is no need to pay fees to exchange BTC for GBP. Posting a sell ad on bitcointalk.org is likely to net you someone who will take them off you for between 2 and 5% above mtgox daily average.
    • Nursie 13y ago
      Ah, so an unofficial/casual exchange method, with higher risk. Awesome.