25 ms·
> Would you not just pay the exact same fees minus the 0.2% bitstamp fee? No, because Bitstamp accepts USD, so you don't lose anything on the conversion rate (
by imaginenore 12y ago
> Would you not just pay the exact same fees minus the 0.2% bitstamp fee?
No, because Bitstamp accepts USD, so you don't lose anything on the conversion rate (which is a crazy hidden fee that banks never mention).
Also Bitstamp has the best EUR-USD conversion rate I've seen. My bank's conversion rate is 2.5% worse than Bitstamp's, which is a huge freaking difference.
> I assume the 3-8% you're talking about is the exchange rate
For wire transfers - yes. For other means of transfer like PayPal, WesternUnion, MoneyGram there's also a huge direct fee, and a horrible conversion rate.