Quote from: zoonosis on March 27, 2014, 07:53:17 AM

Quote from: maryan1991 on March 26, 2014, 07:36:29 PM

Hello Everybody,

I am a bitcoin trader.biz representative. If you have questions about bitcoin trader.biz or need help signing up for bitcoin trader you can email me at markalanryan@hotmail.com.

What is bitcoin trader's cut of the % profit that is received each day for arbitrage?
eg if clients get 1%, id assume you actually made more than that and are keeping it to pay your staff etc.

I asked this a while back this was the response.

1. Once the implementation of the Coindesk price index is done (that can be as soon as tomorrow) deposits and withdrawals will be calculated with the Coindesk index.

2. When calculating the new mining pool conversion rate for March, the Coindesk index history will be used.

The fees, or in other words our profits are already factored into the earnings. At the end of each day, once I get the results from our two traders, I deduct our profit margin before posting the daily earnings.

If you are curious about the percentage, it's 20%. For example, if we realise 1.5% on a certain day, 1.2% will be paid to our members. We will lower the fees and thus increase the daily earnings once we have more volume to trade with.

Please let us know if we can be of further assistance.

With best regards,
John Carley

youlead514

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