24 Feb '15, 5pm

Bucks to Bitcoin: Top Exchange Platform Fees Compared

Bucks to Bitcoin: Top Exchange Platform Fees Compared

Whether you fancy trying your hand at trading the digital currency for the first time, or want to use it as an easy, cheap and fast method of payment, you're going to have to buy some bitcoin. That will likely mean using one of the many online exchange and trading platforms that are vying for your custom. But how much do these companies charge to swap dollars for bitcoin? And how do the various services compare? CoinDesk looked at seven of the biggest USD bitcoin exchanges/trading platforms to find out just that. Breaking down the fees We started off with an imaginary buyer, Alice, who wants $1,000-worth of bitcoin. After compiling the data on the fees of all seven platforms, we put together this comparative chart showing the fees typically incurred by a $1,000 transaction. As can be seen, ItBit proved to be the most expensive out of all the exchanges surveyed, closely fol...

Full article: http://www.coindesk.com/bucks-to-bitcoin-top-exchange-pla...

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