Post
Topic
Board Service Discussion
Re: How to buy or sell bitcoin for it's worth instead of paying $100,- more.
by
Iranus
on 15/08/2017, 10:03:11 UTC
So why bs? On traditional markets liquidity is about trillions per day.
OK, but the liquidity is easily enough to sell a million dollars or so all at once while barely affecting the market at all.  So it's not like 2-4% would become a normal gap when dealing with much smaller amounts of money than that.
Insane in comparison with what? In traditional finance we have such commissions (or may be i mistake?)
In BTC most exchanges take 0.25% at most.  More than that and they wouldn't be competitive.  Coinbase charges 1.5% but they remove the spread altogether and they still have their dedicated exchange, GDAX.  

In traditional markets, the fees vary but I don't think I've seen fees that high before.