But with each exchange fee only 0.65% (MtGox's highest rate), 1.3% is competitiv... | Hacker News

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cwkoss on April 4, 2012 | parent | context | favorite | on: The Royal Canadian Mint just announced a new alter...

But with each exchange fee only 0.65% (MtGox's highest rate), 1.3% is competitive with many other transfer methods.

wmf on April 4, 2012 [–]

Now add the fee to get money into the exchange and another fee to get money out.

Jackten on April 5, 2012 | [–]

$0.25 per transaction using dwolla. Roughly $5 to use SEPA. or worst case $15 bank transfer.

Compare that to the fees charged by Western Union or Money Bookers or credit card companies.. You're looking at $30 minimum + 6%-12%

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