Has anyone noticed the huge markup for BSV purchases on Buy…

That's huge

Yeah I just checked GBP as well. It's £121 for 1 BSV then the bank/card fee on top. So £125.23 for 1 BSV paying by Card. That's Coinify, buybsv always seems to be a little more, like 70/80p.
BSV is trading at £112 now.

Poloneix/Simplex on the other hand charges just 3.5% on credit card.... to buy BTC which can be simply converted to BSV.

It just dropped to £118.35 for 1 BSV on Coinify but the trading price didn't drop. Why would it drop £2.65 without a change in trading price? I used this before and never noticed this. Wouldn't have paid it if the markup was that high.

Yeah for sure. I used to send funds direct to coinbase pro by bank transfer (about 2 hours), then buy BTC, switch it to USDC, then send that to Poloniex to buy BSV. It was a lot cheaper (very close to market price) until fees got added to coinbase pro.

I can live with 3.5% above market price for card but 10-13% is insane. I haven't tried the bank account purchase via buybsv or coinify yet. 0.5% fee I think for that. Sooner we have wallet top ups that better. Curious what sort of limits will be on them.

Its a bit much isn't it, This is why we need more onramp systems DIRECT to BSV. I hope that many are working on this as we need more competition in this market ASAP.

You should be able to do a bank transfer directly to Poloniex? you still need to purchase BTC, but at least their fees are cheaper, and credit card is also an option there.

I'll work it out now from an email receipt I have, just have to go back and check market price at the time of purchase.

Yeah I would be happy with 5% markup. It's volatile so they have to try to minimise risk. And the 3.5% card fee is standard. I just hope wallet top ups are better & not overly limited.

But my other options are not much cheaper. We need options that are easy just like Coinify & buybsv but that don't have a crazy markup of the market value. Nearly £6 over market price is a rip off. The payment fee I can live with.

Yeah I seen they added bank deposit on Poloniex. Must have a look at that. My cards & bank are GBP though so I would probably get hit with a conversion fee from my issuer. Wondering now if my travel card would work. I can store Euros in that.

It seems that the rate of buybsv.com to buy Btcoin SV is 5% .... does anyone confirm?

Currently they are 13% marked up from Current market value on buybsv.com
Until 5% is acceptable IMO. But this is far too high especially when you are supposedly buying from "the source"

I saw this like 5 minutes after I made my first purchase from buybsv! Maybe that’s why they only let you do €100 as your first purchase; then when you complain they can be like “well, we gave you a chance to suss it our first mate”

Right so I bought some on Coinify on 15th July. Market price at the time was roughly £102.70 give or take a little. Purchase worked out at £108.21 per BSV excluding total payment fee of £8.54. So a large markup indeed.

Ah I I see the issue. Since majority of the market is based on USD, the rates online for other fiat currencies aren't showing up as accurate, They seem to have around a 5% markup on price which overall isn't so bad, though it certainly could be better.

It would also help if there was a direct source for information of general real-time exchange rate, since there are no trading pairs with EUR/CAD/GBP etc,