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2 sats \ 3 replies \ @otx 13 Aug 2023 freebie \ on: I bet you did not know these things about Bitwage bitcoin
So if a US user receives funding through direct deposit to a BitWage routing number, to have BitWage convert it USD and send it to a BTC address, there is 0% spread in the BTC price, and 0% fees. Is that correct?
If so, what exchange is being used for the spot price?
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0 sats \ 2 replies \ @bitwage OP 13 Aug 2023
There is a spread that is applied. It would be around 1% in the above scenario, for BTC output. And no withdrawal fees.
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0 sats \ 1 reply \ @otx 13 Aug 2023
And where is this mentioned on your website?
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0 sats \ 0 replies \ @bitwage OP 13 Aug 2023
You will find this useful: https://support.bitwage.com/bitwage-exchange-rate-spreads
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