BitShares Forum
Main => Technical Support => Topic started by: happybit on October 14, 2014, 09:20:00 pm
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looking at coinmarketcap, I see btc38 and bter as the top markets and they both charge 1% withdrawal fee, and a 1 BTSX feee, and the normal trading fee.
Where do you buy BTSX with the minimal cost?
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Right now I think those are the best places. There will be other ways in the future but if you wait the price might be a lot greater.
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looking at coinmarketcap, I see btc38 and bter as the top markets and they both charge 1% withdrawal fee, and a 1 BTSX feee, and the normal trading fee.
Where do you buy BTSX with the minimal cost?
Those fees are priced in. So if I recall correctly, if you go over to Poloniex, you don't have a 1% withdrawal fee, but you tend to see prices 1% higher to make up for that. Add to that the fact that people seem to have had pretty bad experiences with Bitshares on Poloniex, and add to that the fact that the spread will be much wider at Polo, and you have some pretty clear reasons to use Bter or BTC38.
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buy with BTC - bitUSD on BTER you can transfer bitUSD with 0% fee back to your account and trade bitUSD to BTSX on the BTSX exchange self
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buy with BTC - bitUSD on BTER you can transfer bitUSD with 0% fee back to your account and trade bitUSD to BTSX on the BTSX exchange self
+5%
THANK YOU!!! -- I will definitely give this a try!
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buy with BTC - bitUSD on BTER you can transfer bitUSD with 0% fee back to your account and trade bitUSD to BTSX on the BTSX exchange self
+5%
THANK YOU!!! -- I will definitely give this a try!
can I just send the BitUSD to my account? -- the same one I sent the BTSX before?
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can I just send the BitUSD to my account? -- the same one I sent the BTSX before?
Yes your BTSX stores shares and BitUSD, so you can send it all to your wallet account.
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I thought I would do a little "test" of buying bitUSD and BTSX on BTER with 0.1 Btc each
and then see what I end up after I transfer both to my account (somehow, I haven't done this before)
and then use BitshareX to buy BTSX with bitUSD
anyhow, this whole thing got thwarted with the HUGE spread in USD-BTC price on Bter.com!!!
it is now $417 sell, and $375 buy!!!!
[i wish I knew how to do a quick copy/paste here of the screen]
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can I just send the BitUSD to my account? -- the same one I sent the BTSX before?
Yes your BTSX stores shares and BitUSD, so you can send it all to your wallet account.
thanks! I noticed that there is a 2% spread on Bter for bitUSD-USD... is that "normal" ?
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can I just send the BitUSD to my account? -- the same one I sent the BTSX before?
Yes your BTSX stores shares and BitUSD, so you can send it all to your wallet account.
thanks! I noticed that there is a 2% spread on Bter for bitUSD-USD... is that "normal" ?
Yea right now the volume is very low so the spread is going to be a lot wider.
http://coinmarketcap.com/assets/bitusd/#markets
So you'll probably only be able to convert ~$50 at a 1-1 ratio per day on bter.
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so much information, dunno where to start :'(
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so much information, dunno where to start :'(
lol I know the feeling. Whatever you don't understand feel free to ask. There are quite a few knowledgeable people on this forum.
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BitUSD in the client often sells at a discount because of the costs associated to getting it to fiat. This discount works against you when doing btc to bitUSD to BTSX.
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