Monday, 30 March 2020

Explain Local.Bitcoin Prices Please

First of all Why are they selling cash in person for a cheaper price than let’s say bank transfer? Im assuming because it’s anonymous & they have no other way to get into cash?

And then for gift cards I can understand because maybe it’s a higher fee

But then my second question is, how are they trading back and forth thru bank wires & based in the US? And they charge a premium for that

I thought that was pretty difficult after a certain amount of money, let’s say over 20k a year in trades

Can someone please shed some light??

submitted by /u/yanno88
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source https://www.reddit.com/r/btc/comments/frgyuk/explain_localbitcoin_prices_please/

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