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??
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source https://www.reddit.com/r/btc/comments/frgyuk/explain_localbitcoin_prices_please/
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