Thanks for the tip. Fees are killer, I am in Canada if I use coinbase its around 2% to transfer money in, coinsquare a canadian exchange charges me 5%, then theres dust on the trade, and if I want the money back into my account another 5% to deposit fiat into my account, need to make 15% just to cover fees, its ridiculous, and this is still cheaper than trading stocks.
We need change, even with decentralized currency there are still overpaid gatekeepers
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I bought €100 of bitcoin with coinbase and was charged €3.99 which i didnt think was too bad.
That's 4% and I bet you pay another 4% to convert back to £ there's 8% you need to cover fees, then you have trade to buy alt currency and back to bitcoin to exchange into £, you lose 10% on transactions, means you need to be trading in and out of positions with at least 20% gains and more if you are trading small positions. This creates a speculative market and takes credibility away from the underlying securities giving credence to statements like what we just saw from Jamie Dimon. I don't think that he is right and continue to invest in cryptocurrency, but there are underlying problems that will need to worked out. Comparitevly I see these icos and a lot of the alt currency like penny stocks, lots of pump and not much substance. This is just my opinion and obviously means nothing