r/Bitcoin•
howdiehoa

All you MtGox traders out there...

Why would you trade there? I know it´s easier for people from the US to get their money on there and it´s the big player...

BUT: seriously guys, MtGox takes 0.6% fee on every transaction. With a daily volume of 8MIO they are making 48k profit a day no matter if BTC is going up or not. Avoiding this is one of the things that bitcoin is about. And it´s not like there are no other exchanges..

For example over at https://bitcoin-24.com/ they have NO fees.

Anway. I do see reasons to trade there and one could probably elaborate all this, but I think you get the idea... I don´t like the fact that MtGox is the place to look at for price-development while they obviously start lagging everytime shit hits the fan AND charge you bi time.

Posted Mar 26, 2013, 12:21 PM UTC

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