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What exchange rate do you get for your bitcoin? Does a user even see the potential exchange rate before the transfer? What margin (if any) are you taking on the
by joosters 13y ago
What exchange rate do you get for your bitcoin? Does a user even see the potential exchange rate before the transfer? What margin (if any) are you taking on the currency exchange? Why is the site so lacking in details?
- mhluongo 13y agoWe use the current Coinbase exchange rate. No margin on the exchange. We're trying to keep it simple / focused on newer bitcoin users, but I can definitely flesh out the FAQ. The refund math is also in the user's favor- more about that in other comments.
- joosters 13y agoHey, thanks for the quick answers! Good luck with the site.
- martindale 13y agoYou should use BitPay's BBB (Bitcoin Best Bid) instead, it's looking at all a number of exchange order books and giving your the best price: https://bitpay.com/api/rates/usd https://bitpay.com/api/rates/usd Disclaimer: I work at BitPay.
- mhluongo 13y agoHey! Are you in the Atlanta office?