julian071
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August 04, 2016, 11:07:10 AM

itBit is clearly leading both in volume and price  ( according to http://bitcoincharts.com/markets/ )

now i'm wondering, what is itBit? and where did it come from?

I've been using itBit. I was going to buy via Coinbase but their restrictions and all of that are too difficult to make it useful.

With itBit I have to wire my money to the exchange which costs me $30 on my bank's end and $10 on itBit's side and it costs .2% for a trade. Compare that to Coinbase's 1%.

So if you look at a $10,000 deposit for both:
itBit: $30 + $10 + $20 = $60
CoinBase: $100

Anything over $5,000 is cheaper with itBit.

But itBit is just a whole lot less restrictive than Coinbase is.

Wow, is that really what it costs??? Incredible! Wiring to Kraken (from within Europe) is free, and my money's there in around 12 hours. Trades cost at most 0.14/0.24%. Wiring dirty fiat back to my bank account costs 9 ct.