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Yes, the exchange fees are astronomical. It looks like the spread if you wanted to trade 10BTC is around $2 (just looking at the last hour or so of data). On
by throwaway283719 12y ago
Yes, the exchange fees are astronomical.
It looks like the spread if you wanted to trade 10BTC is around $2 (just looking at the last hour or so of data).
On BitStamp the exchange fee is 0.2% (at minimum - can be higher) so trading 10BTC twice (one buy, one sell) would cost you $20 in bid-offer spead, but about $26 in exchange fees - insanely high!
Usually you expect the exchange fees to be 1/10th to 1/5th of the spread. With fees this high and no rebates, I wouldn't even be sure I could make a profit as a market maker even if you could exit every position immediately.