• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 40,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

Bitcoin Fees

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by finances5, Nov 21, 2017.

  1. finances5
    Offline

    finances5 New Contributor

    Messages:
    65
    Likes Received:
    2
    Joined:
    Sep 20, 2010
    Rep Bank:
    $50
    Hello everyone,

    What does it mean when the Bitcoin platform you use has an effective rate of conversion fee (after waiver) of 1.49%?

    And if you were to purchase $1,000 worth of bitcoins, what would be the fee?

    Thanks!
     
  2. TKDTyler
    Online

    TKDTyler Gold Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

    Messages:
    407
    Likes Received:
    1,293
    Joined:
    Aug 25, 2014
    Gender:
    Male
    Rep Bank:
    $8,459
  3. finances5
    Offline

    finances5 New Contributor

    Messages:
    65
    Likes Received:
    2
    Joined:
    Sep 20, 2010
    Rep Bank:
    $50
    Never mind. I found the info in the platform's website. Thanks anyway.
     
  4. ernesto50
    Offline

    ernesto50 New Contributor

    Messages:
    21
    Likes Received:
    16
    Joined:
    Oct 12, 2014
    Gender:
    Male
    Rep Bank:
    $102
    You're not specifically referring to that but since it will come up later: Bitcoin's fees can change when you transfer it from one wallet to the other. It works in a way that depending on the "traffic" on the network you will pay more or less fees to transfer Bitcoins fast, which is currently one of the downsides of the network (but is being worked/improved on with the lightning network).
     
    finances5 likes this.

Share This Page