Bitcoin currency exchange still profitable? - page 2.

thend1949

hero member

Activity: 798

Merit: 500

Quote from: kassadin5 on June 18, 2016, 05:03:57 PM

i was thinking about gathering 1-2btc and 1-2k$ and to start an exchange service with 5-7%
do you think it would still be profitable? with coinbase and localbitcoin and all..

It is profitable because many here are earning there, it is depend on your strategy and your funds

c789

hero member

Activity: 850

Merit: 1000

Definitely...if you time it right. People on localbitcoins routinely sell their BTC for 10% above the market price or more. People are willing to pay that much since they don't have to upload their license to Coinbase or another site and can buy BTC straight from you.

extrabyte

legendary

Activity: 840

Merit: 1000

Quote from: kassadin5 on June 18, 2016, 05:03:57 PM

i was thinking about gathering 1-2btc and 1-2k$ and to start an exchange service with 5-7%
do you think it would still be profitable? with coinbase and localbitcoin and all..

It can be profitable if you find buyers and sellers at the same time, it depends how do you think to start your exchange service, selling and buying locally or how, some people don't care too much about small difference on fees, they only want to buy in cash and avoiding online ID verification.

kassadin5

sr. member

Activity: 260

Merit: 250

i was thinking about gathering 1-2btc and 1-2k$ and to start an exchange service with 5-7%
do you think it would still be profitable? with coinbase and localbitcoin and all..

Topic: Bitcoin currency exchange still profitable? - page 2. (Read 997 times)