Post
Topic
Board Bitcoin Discussion
Re: BitInstant - Providing instant transfer services for the bitcoin economy
by
tsvekric
on 27/06/2012, 02:58:21 UTC
so, I used this service for the first time to transfer Dwolla>bitcoin address. It is an extremely useful service, however, it was a bit confusing. Maybe I was totally missing it, but I was not quoted how much bitcoin I was going to get - only the dollar amount after fees.

The BTC I received amounted to $6.546 after fees. Where did this number come from? MtGox hasn't been that high in a while - 24hr average is $6.4, 2 day is $6.35, 7 day is $6.5. I don't have much of an issue with it being more expensive - but the rate should be stated *somewhere* rather than just buying blind. If I had received $7 coins, what recourse do I have to say I was cheated?

Anyways, I will be looking forward to trying out more of this service including the cash service, which seems super convenient. The bitcoins arrived within a couple minutes, which is awesome considering the delays lately from dwolla>mtgox.