Rate Comparison Chart
How we compare to other similar Bitcoin Sell Services.
Only somewhat “instant” bitcoin service providers are listed. Average fees are calculated from various advertised prices. A minimum of $5.00 or transaction fee (whichever is greater) applies to all bitcoin services through our agent stores. The following rate comparison is based on an average transaction of $185.00, as per our test study.
SIGNUP WAIT PERIOD
DEPOSIT CONFIRM TIME
RISK OF FRAUD/LOSS
TYPICAL AVERAGE FEE
|Forums/Online||None||None||Once you meet the person||High||None||~8%|
|Bitcoin ATMs||None||None||From a few minutes or more||None||Medium||~7%|
|Interac Services||Upto 24 hours or more||None||Upto 24 hours or more||Low to Medium||Low||~14%|
|LocalBitcoins||None||Upto 3 hours or more||Upto 3 hours or more||Medium to High||Low||~7%|
|SECURACOIN||ON THE SPOT!||NONE!||WITHIN A FEW MINUTES!||NONE!||HIGHLY SECURE!||3.99% ONLY!|
To keep our agents happy in offering our services and grow our agent network (thereby making our services more accessible to you) we operate on very small margins ourselves in order to bring you the benefits of having trusted and professional bitcoin related services. Our agents take the risk (and costs) of accepting and keeping your funds, transferring them to us, as well as paying out cash on bitcoin Sell services. By doing so we are able to offer our services instantly on location without the need for pre-registration before going into our agents.
We are currently working hard to make our systems more efficient so we can pass on the savings to you as well as our agents. With greater volumes, more efficient financial partners and your support, we promise to provide you with the best rates possible.
Help us by promoting our services to your friends and family, or suggest possible agents to us, and we will do the rest!
Thanks for your support!
*Our test study was conducted by first finding out what the average BTC transaction was by creating and maintaining accounts on LocalBitcoins and having a 1 month period of sales. This showed us that the average transaction size was about $185. After finding out this information, we placed orders on various forums letting other users know we were interested in spending that amount of cash in exchange for BTC. We further analyzed the responses and came up with the percentages you see on this site. The same method was used to figure out markups and transaction fees for the other methods listed in this chart as well. This method of finding out the average markup fees may not be the most scientific, but it allowed us to get a great understanding of the existing market and give you a realistic view of comparable service offerings.