Why are you charging 1450 euros over spot?

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I noticed my recurring buys were being executed constantly at over 1000 euro over spot BTC.

Tried placing a order manually and the market price is 56000. Preview the order and the price jumps to 57450. Why?

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Posted in Bitstamp Reddit

3 Comments

  1. btc_clueless on 4. January 2025 at 21:36

    Not sure if this applies to Bitstamp too because I haven’t used them lately but many exchanges have two different interfaces with wildly different fees: a default insta-buy Interface and a Pro one. The fees on pro are much lower.

     


  2. Bitstamp-Domen on 4. January 2025 at 21:36

    Hi there 🙂

    Recurring buy and sell orders are executed based on market conditions at the time of occurrence, so the final price in transactions includes the market price and fee, as well as market spread and slippage.

    The price difference between the market price and transaction price will therefore depend on market conditions and will be a bit different every time.

     


  3. Altruistic_Key9833 on 4. January 2025 at 21:36

    Withdraw your money as soon as posible before they do not disable your compte.