Quote from: CanadianGuy on April 17, 2013, 01:42:42 PM

Commission rates are 3% to buy and 3% to sell
Bitstamp is 0.5% to buy and 0.5% to sell

Am I missing something here? Why would I pay 6 TIMES MORE to use Cavirtex? Does somebody show up in a limo to serve me my bitcoins/money on a golden platter? Does it come with a hooker? I don't get it..

Hi CanadianGuy

The fees we charge reflect the value of service we provide and the legal realities of keeping funds in Canadian banks with a Canadian corporation.

We operate our exchange with a team of dedicated full-time people. We also have a business plan that will add many more features to our exchange (you can view it in our prospectus: https://www.havelockinvestments.com/reportdownload.php?id=7).

On the legal and regulatory front, we are paying for legal advice on how to operate in Canada with the utmost safety to customer funds.

You will find that other smaller competing exchanges that offer low fees may not have a full-time team, a publicly-viewable business plan or any legal or regulatory efforts underway.

(Note: With enough trading volume you can reduce fees to 0.5%.)

As for a hooker, I'll bring that up with management! Grin