Bucks to Bitcoin: Top Exchange Platform Fees Compared
Bitstamp has announced it will implement a new fee structure on 2nd March. Whether you fancy trying your hand at trading the digital currency for the first time, or want to use it as an easy, cheap and fast method of payment, you're going to have to buy some bitcoin. That will likely mean using one of the many online exchange and trading platforms that are vying for your custom. But how much do these companies charge to swap dollars for bitcoin? And how do the various services compare? CoinDesk looked at seven of the biggest USD bitcoin exchanges/trading platforms to find out just that.....
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Deribit, a bitcoin futures and options exchange platform, has removed all trading fees for the rest of 2016 as part of a promotion to drive more customers to the service. Deribit CMO Marius Jansen offered a simple explanation of the reasoning behind the company’s decision to remove trading fees for the remainder of 2016. “We want to introduce our platform to anyone interested in Bitcoin futures and options trading,” he said. “So we decided to offer free trading until the end of the year.” According to the exchange, traders stand to make more profit on the platform now that fees have been....
Person-to-person bitcoin exchange LocalBitcoins has announced it has cut down some fees on the platform to zero.
The exchange stated the stablecoin is purchased at three times the rate with U.S. dollars as compared to other fiat currencies. United States-based cryptocurrency exchange Coinbase says the adoption of USD Coin (USDC) has been “more conservative” outside of the U.S., which it believes is a result of international currency conversion fees.In an Oct. 20 statement, the exchange said there is currently three times more USDC bought with U.S. dollars as compared to other currencies.“Currently, 3x more USDC is bought with USD versus non-USD currencies. In part this is because, outside of the US,....
Singapore-based bitcoin exchange itBit has lowered trading fees by as much as 50%, while also adding support for more payment options and new features to its platform. The exchange says its new trading fees range from 0.12% to 0.20% per side and that it will not charge deposit or withdrawal fees, but only pass on bank charges. 'Cost effective option'; itBit said in a statement that the new fees make it the most competitive exchange on the market: "While we still use a 'maker-taker' model, we have significantly reduced the volume required to achieve lower pricing while reducing taker prices....