Bitstamp has become the main site of exchange Bitcoin last period, after the number one long mt. Gox has shown its limit on numerous occasions with the server error, the money size by the authorities, the impossibility of making withdrawals in time intervals decent and so on. However Bitstamp kingdom optimail has a price, his / BTC fiat rate is constantly under other bags. Of course you are safer with bitstamp so people will still take this cost, however, there is a safer and more profitable to sell and buy bitcoins and better prices than offered optimail bitstamp. You can use VirWoX service for this and I will show below why it is better. You can read more about how to buy and how to sel l Bitcoins using only your credit card or eWallet (Moneybookers / Skrill, Neteller or paypal). Why is it safer? Well VirWoX is an established place to buy and sell Linden dollars (SLL). This is the currency that is used in the online game Second Life by tens of thousands of users. This means that VirWoX is not only (or primarily) focused optimail on the BTC and make it less vulnerable to the still gray legal area of bitcoin. However, as you could see in the link above on how to buy or sell bitcoins, VirWoX actually allows operations via Bitcoin SLL (means you need to buy Linden Dollars with your first fiat and then you can buy bitcoins with these) But now let's focus on the math that will prove that VirWoX really offer better rates than Bitstamp when it comes to USD / BTC or any other fiat for that matter. First few lines on fees if you want to sell your bitcoin for fiat (USD, EUR etc.) 1. Depositing optimail bitcoin in VirWoX is free (so if you send 1 BTC BTC will get one in your account) 2. in case of selling your BTC for SLL you will have to pay a fee based on historical account, this can vary from 3.9 to 0.78% 3. Then you will have to convert your SLL in USD or EUR, so you'll have to pay the same fee for the second time. 4. The last step is to pick up your new fiat money you made selling your bitcoins on your card or eWallet. Here taxes are a bit 'different depening on the method you want to use. PayPal seems to have the taxes plus' great, while others (such as Moneybookers or Neteller or bank transfer) during an impressive 1 EUR / USD / CHF / GBP per transaction Now do the math, on the basis of lower prices (the print screens were taken at the same time on VirWoX bitstamp) If deposits 1 1 BTC BTC to VirWoX optimail will get into your account (referred to in point 1 from above). Then you sell your bitcoin for SLL at a speed of 270 008. Besides that you can also pay a fee (we take an average commission of 2.34%), so that is 6318 SLL, so in your account you will have 263,689 SLL. The next step will be for you to sell your SLL and buy USD with it. This will require that you pay for a new round of tax. So you can buy with 263,689 SLL $ 1,127.5 (2,636,689 / 228.4 and then subtracts the amount of 2.34%). optimail Now you can actually withdraw from USD bitcoin back to Moneybookers, Neteller, or bank account for the minimal expenses. If you would have done the same operation on bitstamp you would only ~ $ 1,070 (depending on your payment optimail bitstamp)
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