I was excited when cryptothrift launched after Bitmit closed down, but since then Ive become very disappointed when they decided raise their fees from 1.5% to 3.5% Today Im launching my own auction website that uses bitcoins. https://bitcoinauctions.net/
What fees do you charge? We charge a 1% fee to sellers, for example if you sell an item for 100 mBTC you receive 99 mBTC and we take 1 mBTC. Buyers pay no fees. Escrow is free. Our fees are 3.5 times less than cryptothrift and 10 times less than eBay:
Where are you based out of / hosted? Were based out of Michigan. Our servers are in Chicago, Illinois.
What are some of the differences between cryptothrift and Bitcoin Auctions?
We only use Bitcoin for our transactions, while cryptothrift used to accept 7 different types of coins until April 15. We dont believe any other alternative coins will ever see the level of success Bitcoin has had, and wont be implementing them. Our prices are denominated in millibitcoin (mBTC), we dont like having messy decimals everywhere. This helps to make our site cleaner and easier to understand. Bitcoin Auctions escrow service is free for everyone and automatically used for every transaction. We dont feel you should have to pay 1% on top of your purchase just to prevent getting scammed.