Post
Topic
Board Currency exchange
Re: Canadian Bitcoins Launch
by
lightbox
on 11/07/2011, 02:03:22 UTC
I like the simplicity and anon of it... (well, if your masquerading and have a way of obfuscating your IP) But your split between Buy and Sell is quite large...

On https://www.cavirtex.com/ for example its like 40 cents... on yours it was almost $2... Perhaps a scripting error? or is your B/S differential meant to be that high?

Thanks

The "sell" is fairly close to the actual rate but we keep the "buy" buffered a bit more, because we guarantee those rates (within reason) while waiting for your payment (and the markets could move drastically in that span of time).  Essentially you're paying a bit more for the convenience factor and (potential) anonymity and it helps cover our ass :p

James