Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Fintech Select Ltd V.FTEC

Alternate Symbol(s):  SLXXF

Fintech Select is a provider of pre-paid card programs, an online payment platform, and a POS cryptocurrency platform that all are in-house developed platforms. The company also operates a multi-lingual call centre that provides services to customers across all its platforms, and to third-party customers. These core assets have been unified and enabled to operate through separate divisions, all harmoniously working together to create a new environment for consumers and businesses alike.


TSXV:FTEC - Post by User

Bullboard Posts
Post by banxon Nov 22, 2017 6:30am
195 Views
Post# 27009293

A CORRELATION REGARDING TRANSACTION FEES

A CORRELATION REGARDING TRANSACTION FEES
Ftec is direct to consumer.
They own their PO-S network of thousands of locations.
They make a fee both ways: buying and selling.



General

Current worldwide average bitcoin ATM fee is 8.4% for buying bitcoins from machines, and 5.4% for selling bitcoins for cash.

Bitcoin ATM fees

Canada

Canada is the second largest market with135 (15%) bitcoin ATMs installed in the country.

Bitcoion ATM fees Canada

 

In Canada there was no significant change over time. Buy bitcoin fee stayed relatively stable at 6%, sell bitcoin fee grew over 1.5 years from ~5.5% to ~6.5% on average. Interesting to see on contrast from American market how buy and sell fees are relatively the same.

Bullboard Posts