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their fee + onchain fees are in the spread
you sure? well, with that 8% i saw this morning, using this service is SO EXPENSIVE.. you can work around this spending way less than a 8% charge on your invoices This service is only good if you get your btc from shady ways
spread is 8% but is 4% difference from exchange price. their fee is 1 - 3 % depending on amount (usually 2 %) They have to minimize risk of transacting with defined values, you see the exact price before completing the transaction. It's a double edged sword, they take the risk of onchain fees and price changing, but also can make extra profit this way.
it an interesting business model, but not for plebs. maybe they can lower fees in a future, in order to be more competitive. I mean, i would love to support the business, but who have a spare 8% from legal earned money
suit yourself again, you don't pay 8% you pay 2% + onchain fees i use them for years now and will continue to use them i send fiat, they send bitcoin in my wallet. happy customer I would like to see more competition, this we can agree, it will lower the fees. I'm also pestering them to implement LN
wait.. onchain, offchain, you pay.. if you dont account for both you are not accounting for the total.
i send fiat, they send bitcoin in my wallet. happy customer
So, you dont pay invoices with them? i was talking about paying invoices. I havent cheked the buy btc part..
The invoice payment option is very new, i discovered it a couple days before posting and didn't use it yet. I contacted their customer service just to make sure of all details. Same principle applies, before sending them btc you see the exact amount you are paying
yeah, we where talking about different services. to buy btc - 1 BTC = 25285.96 EUR to pay invoices - 1 BTC = 24085.99 EUR
FUCK.. that spread is outrageous