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The Coin Market API

blog.coinmkt.com

1–10 of 10 posts

Re: The Coin Market API

#5
post #4
post #3

Earlier quoted context omitted.

You can deposit/withdraw fiat.

[deleted]

Yes, I am, but there's a 2% "compliance" fee for money orders. Now (via the API), they have something like recharge codes - similar to the Chinese exchanges, so, it seems you can move assets between accounts.

Re: The Coin Market API

#7
post #5
post #4

Earlier quoted context omitted.

[deleted]

Yes, I am, but there's a 2% "compliance" fee for money orders. Now (via the API), they have something like recharge codes - similar to the Chinese exchanges, so, it seems you can move assets between accounts.

[My original comment was "Are you sure about that?" which I deleted after a few seconds.]

So it looks like you can deposit fiat, but only via bank wire, money order, or a couple strange services. Which is still cool, but not really the more user-friendly/intuitive ach/credit card idea my mind leaps to when I hear "deposit fiat".

Re: The Coin Market API

#8
Rebates to attract liquidity, about time this came to bitcoin trading.. So assuming your adding all the time your fees are at +0.05%. Compared to stocks it seems in the US you're stuck about net flat for fees after the ECN rebate and it doesn't get much better than that - unless you're doing alot of volume.

I don't think people realize when you get better than flat on fees, its somewhat like going from -1% house edge to no house edge in a casino (if you're a market maker type at least..) Gotta have a decent strategy too of course :).. I would imagine in btc quick sharp trends though and in that case you're better off taking - mktmaking can be dangerous.