Row 44243

Row ID: 44243 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 44243 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I don't get your roundtrip calculation. Are you trying to calculate what it costs to wire $500, exchange for bitcoin, send it to your wallet, send it back to the exchange, exchange for dollars and send it back to your bank account? That sending from your wallet to kraken won't cost 0.0002 BTC. The sender sets appropriate fees which vary constantly, currently its \~$1. Fiat withdrawal won't cost you anything as well (at least its free for my bank account). So the "roundtrip" costs are motre like 2+14+1+2 = $19...

However, more important question is why calculate toundtrips anyway? If you are going to trade frequently you could simply keep it at the exchange. If you are not going to trade frequently but say in a year, most fees will have changed by then - so calculating current costs is meaningless.

And there is a third way: depending on your definition of self custody you could withdraw your 500 bucks of bitcoin to eg Aqua lightning wallet and from there back to kraken which will cost you $0.20 which would change your roundtrip calculation to 2+0.2+2 = $4.20

FieldValue
text I don't get your roundtrip calculation. Are you trying to calculate what it costs to wire $500, exchange for bitcoin, send it to your wallet, send it back to the exchange, exchange for dollars and send it back to your bank account? That sending from your wallet to kraken won't cost 0.0002 BTC. The sender sets appropriate fees which vary constantly, currently its \~$1. Fiat withdrawal won't cost you anything as well (at least its free for my bank account). So the "roundtrip" costs are motre…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-22
username_encoded Z0FBQUFBQm5Lak1PbFI5R1dwZmViN3RqbENUM2RtemVRNi1USncwcVpjT1JLTGhkbi1udm1EZEJUQlJ3ZE43RzJZWTl1LVZVc0sxOFFodmlmRXJMbTdRcVlaQUN1cVE4UWc9PQ==
url_encoded Z0FBQUFBQm5Lak9lTnpycHlCVS13RkU4YXlMRDJHZ2VPNjVYT3NMWjhXalc2R2N0cFFXU0JJaGoxZ3ZtNjVKdlVmMTVzME5jZE5RcjZNQ2lkOHhieG0ycDNSZG9sSy00YzBBbUFpeHRlSzRKNElTWmpLSm9xX2Vnc1BVNVNjUS0yMFdyaFlhN0hmd0c1Sm84aU80c3MzelBQOV8ya1YtbVF4VnRDZTZuY084VnBrRGMxQmF2ajE3dW9xY09yOTU1bDZvTlhteGJVWjht

Raw Record

{
  "text": "I don't get your roundtrip calculation.  \nAre you trying to calculate what it costs to wire $500, exchange for bitcoin, send it to your wallet, send it back to the exchange, exchange for dollars and send it back to your bank account?  \nThat sending from your wallet to kraken won't cost 0.0002 BTC. The sender sets appropriate fees which vary constantly, currently its \\~$1. Fiat withdrawal won't cost you anything as well (at least its free for my bank account).  \nSo the \"roundtrip\" costs are motre like 2+14+1+2 = $19...\n\nHowever, more important question is why calculate toundtrips anyway? If you are going to trade frequently you could simply keep it at the exchange. If you are not going to trade frequently but say in a year, most fees will have changed by then - so calculating current costs is meaningless.\n\nAnd there is a third way: depending on your definition of self custody you could withdraw your 500 bucks of bitcoin to eg Aqua lightning wallet and from there back to kraken which will cost you $0.20 which would change your roundtrip calculation to 2+0.2+2 = $4.20",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1PbFI5R1dwZmViN3RqbENUM2RtemVRNi1USncwcVpjT1JLTGhkbi1udm1EZEJUQlJ3ZE43RzJZWTl1LVZVc0sxOFFodmlmRXJMbTdRcVlaQUN1cVE4UWc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9lTnpycHlCVS13RkU4YXlMRDJHZ2VPNjVYT3NMWjhXalc2R2N0cFFXU0JJaGoxZ3ZtNjVKdlVmMTVzME5jZE5RcjZNQ2lkOHhieG0ycDNSZG9sSy00YzBBbUFpeHRlSzRKNElTWmpLSm9xX2Vnc1BVNVNjUS0yMFdyaFlhN0hmd0c1Sm84aU80c3MzelBQOV8ya1YtbVF4VnRDZTZuY084VnBrRGMxQmF2ajE3dW9xY09yOTU1bDZvTlhteGJVWjht"
}
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