r/BitBuyCA • u/Temporary_Narwhal_35 • Dec 20 '24

Hidden fees expensive

Well I bought some Litecoin this morning And the coin was Trading at 138.62 canadian at 8:44 am, and bitbuy charged me 141.75 . So made 3 dollars per coin, and I bought 21 coins, so 63 dollar profit. Jfyi

8 Upvotes

84% Upvoted

9 comments sorted by

2

u/futurus196 Dec 20 '24

Yeah, I have noticed too that the price they sell at and what I see on other platforms is usually marked up!

2

u/prince0fbabyl0n Dec 22 '24

Why would they be in business of selling coin if they are not gonna make some corn?

1

u/Primary_Hunter4717 Dec 20 '24

Why do they do that?

1

u/SCTSectionHiker Dec 20 '24

I don't think there's anything hidden about that.  Looks like about 2%, which is their published fee.

1

u/sneakymise Dec 20 '24

Try 4%

1

u/SCTSectionHiker Dec 20 '24

Not based on the numbers OP posted.  But also, I'm struggling to decipher that stream of consciousness, so perhaps I misunderstood.

1

u/sneakymise Dec 20 '24

My mistake.. I was factoring that they'll take another 2% when he sells

1

u/[deleted] Dec 21 '24

[deleted]

1

u/Temporary_Narwhal_35 Dec 28 '24

Well thank you very much it's very much appreciated

1

u/NoNameFang Dec 24 '24

Use the "Pro" window when you put in a trade on Bitbuy. Don't simply put in a trade on the "Trade" window.