What do you all think about bitstamps's trading fee schedule, is it better than MtGox's ?
https://www.bitstamp.net/fee_schedule/
To get to 0.29% comission fee at MtGox you have to trade a volume of 25000 btc for last 30 days = 1.45 mill USD with current prices.
To get to 0.2% comission fee at Bitstamp, you have to trade $150,000, and at current prices this equals 2.5K USD!
So, the bitstamp fee structure seems to be significantly better than the structure at MtGox, and that's probably why the trade volume at Bitstamp has increased, at least for traders who care about the fees, this is quite the difference.
https://www.bitstamp.net/fee_schedule/
To get to 0.29% comission fee at MtGox you have to trade a volume of 25000 btc for last 30 days = 1.45 mill USD with current prices.
To get to 0.2% comission fee at Bitstamp, you have to trade $150,000, and at current prices this equals 2.5K USD!
So, the bitstamp fee structure seems to be significantly better than the structure at MtGox, and that's probably why the trade volume at Bitstamp has increased, at least for traders who care about the fees, this is quite the difference.
Absolutely! I'd like to see how many MTG accounts have this low percentages..(proportional to all accounts) This statistic probably looks dramatic over the last 3 months.
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I didn't expect the price to leave my scale so soon
You can look up your "pofitable volatility range" on the spreadsheets.
>>> more in this spreadsheet
The whole point is that percentage based fee system introduces complications... Nothing wrong with a fixed% if you only go to the exchanges to buy or sell something and than leave. But in terms of trading, fixed% is not suitable for our super volatile market
