Post
Topic
Board Currency exchange
Re: MTGOX <-> BTC BID/ASK
by
roy7
on 18/02/2014, 01:53:07 UTC
I do not understand why bitcoinbuilder charges 70% for Gox BTC when the market rate is around 40-45%

Are they making a huge margin?

It's an exchange, bitcoinbuilder isn't buying/selling anything. If you only want to pay 45%, then put in your bid at 45% and see if anyone ever sells that low. As the volume there keeps going higher and higher, around 70% has been the "market" rate.

Edit: Heck if you scroll up about 8 posts before yours, someone just offered to buy at 65%-70%.