So I read Bittrex charged you 0.25% per transaction. I did a small program with in and out prices, and simulating an X exit price how much gain in % was.
Shit was pretty normal until I decided to day trade more faster and with lower gains. Like 0.14% to 0.3% in 40 minutes.
BITTREX charges you around 0.5%. I am talking about +2 BTC buy and sells.
Test it yourself. (Initial / 1+0.25%) / AltcoinPrice1 = Q Then Q * AltcoinPrice2 * (1-0.25%) = Return
And it doesn't match, but it does when you growth it to 0.5%.
Interesting. Well no matter were you go your going to get screwed. But someone should report this to the correct agencies. >inb4 muh unregulated market Yes crypto might be unregulated but their are other laws in place for things like this.
Jaxson Nguyen
I had a feeling this was the case but never did the math myself
Elijah Ortiz
proofs?
Ryder Cruz
It's 0.25% of the purchase cost and 0.25% of the selling revenue you absolute monkey.
Gavin Young
Nigger, it's 0.25% on every trade, not every 2.
Jack Thompson
I'm confused by your math. What is Initial in this case? They do amount*price*0.0025, are you sure you aren't accidentally adding the fee to the final price instead of subtracting it?
Zachary Richardson
Go to Ark ticket and test it. Is exactly 0.5% for both buying and selling.
This is plain robbery.
Elijah Edwards
Please don't reproduce.
Asher Campbell
The initial is the total amount withdraw from your wallet and return is the total amount of BTC deposited to your wallet.
I rounded off the actual numbers which is why it's 2 sats less. You're still retarded though.
Nolan Watson
Die in a car fire
Robert Price
Too late brainlet, two kids - they'll both be smarter than you, I hope. I wrote a trading bot, trust me, it's 0.25%.
Jace Bailey
lol I'm sorry elementary school math is too hard for you faggot
I don't think you should be trading crypto
Logan Ortiz
Why is that?
Landon Moore
Because we don't need dipshits calling for regulations because some biztard doesn't know simple math?
Anthony Baker
remember when it used to cost 1 ans/neo to withdraw
Andrew Adams
I am the the chaos bringer.
Wyatt Thompson
Yeah it's another reason why daytraders get fucked over. I just pick coins that will be around in 5 years so holding feels really comfy.
Aaron Collins
You also took what OP at face value without questioning it at all. You must handle your portfolio well with those insightful knee-jerk reactions.
Andrew Hernandez
Oh no I just had to pay 0.25% on my 2.5x leveraged trade at 15% P/L! How will I ever make any money trading like this?
Henry Garcia
bittrex has a defence squad on biz they are always pretty quick to show up in threads and defence their shitty exchange
Jason Bennett
all exchanges are kikes can't wait for viable DX alternatives perhaps all we'll ever need is ARK in the end
Noah Perez
howling
Grayson Jones
Hold on, you wrote programs to do this without even knowing what a transaction is? What the fuck are you talking about?
Aiden Hughes
FYI I've never used Bittrex. I just know how to do math.
Brayden Ross
so this is how it all begins a dipshit fudding a good website creating panick so the feds can use this as an excuse to do what they did to btc-e suck my dick op youre just a little faggot how much they paid you to be their bitch and post this bullshit
Jonathan Bennett
Of course they are. That's why you dont go to bittrex and dont trade shitcoins. Only go with legit regulated exchanges where real money is accepted and which are frequently audited (coinbase, gdax, gemini, bitstamp,..) If you want to trade coins only, use changelly.com/
Carson Morris
Yea bittrex has abusive fees
I sold omg at 247000 a week ago and had to rebuy at 243000 to have almost the same amount of omg
Ethan Richardson
they jew you more on bids than on asks
Liam Scott
...
Easton Reyes
>Shills Changelly on post where OP can't do math. >Changelly charges actual 0.5% commission + blockchain fees.
Way to dodge that 0.25% fee per trade.
Henry Baker
My personal hate is reserved for sites like Liqui that screw you by charging 1 whole OMG just to evac your coins from the site
Or when they short the BTC transaction fee and you have to wait 24 hours for a confirmation
Kevin Stewart
this fuck liqui, withdrawal fees are insane and are not consistent
Robert Torres
and how much does it cost to withdraw from bittrex? way too much
Ethan Lewis
M G T I Shill.
John Price
Idk I don't use Bittrex friend. I've only been here commenting on OP's lack of math and understanding how fees per trade work.
Matthew Robinson
We're defending algebra, nigger.
Adrian Hernandez
bittrex btc withrawal fee: 0,01 btc.
Mason King
this
William Kelly
Isn't that a network fee? Meaning it doesn't go to bittrex but to pay for the transaction fee on the blockchain. So withdrawals on bittrex are faster but more expensive. I don't see that as ripping people off.
Nolan Gonzalez
Idiot, Bittrex charges 0.25% per trade. There 0.25 to get i, 0.25 to get out. 1 full trade in and out is 0.5%. Makes total sense. I daytrade on Bittrex aiming for 1.5-4.5% gains because I know 0.5% of my profits will go to commissions
Carson Howard
1 full trade isn't 0.5% you absolute turdwrangler. it's 0.25% of buy-in cost and 0.25% of sale money. It actually works out as slightly more than 0.5% if you're talking about increase from start price.
Sebastian White
>it's not 0.5, it's 0.25+0.25
Justin Perez
0.25% of what? and then 0.25% of what? 0.25% of price A + 0.25% of price B does not equal +0.5% of price A you fucking mong
David Ramirez
Do you think they should do this for free? If that .5% is material to you, find a new strategy.
I've paid 12k in commission trading stock with a similar fee structure. I'm rich.
Nicholas Taylor
I never really understood why people complain about this 1$ per 400$ trade. Even if it was 2$, I'd probably not care.
PS: For a fee f=0.25%, the result 0.5 per back and forth isn't true either. The factor is (1 + f / 100) * (1 + f / 100) = 1 + 2 * f / 100 + (f / 100)^2