You're using a service that is notorious for ripping people off with outrageously overpriced coins and complaining that the concept of replenishing doesn't work?
I don't follow that logic.
Use a service where you get your coins at market value. Obviously.
-B-
Topic: I want to spend and replenish but it doesn't make any sense - page 2. (Read 1942 times)
Use Circle and avoid lbc hefty markup.
Hoard with the rest of us greedy bastards
I love bitcoin and have a loaded wallet on my smartphone ready to spend, but it doesn't make any economic sense to spend it.
For example
I bought a new headset today in UK and was quoted £55.97 for it. The bitcoin price at the checkout was 0.2539 BTC. If I spent the BTC and replenished I would have been charged 58.91 for it (+5%), and localbitcoins best offer was £59.40 (+6%)
I paid by debit card, despite me loving the tech, I'm not going to pay a 5-6% tax on every purchase using bitcoin.
For example
I bought a new headset today in UK and was quoted £55.97 for it. The bitcoin price at the checkout was 0.2539 BTC. If I spent the BTC and replenished I would have been charged 58.91 for it (+5%), and localbitcoins best offer was £59.40 (+6%)
I paid by debit card, despite me loving the tech, I'm not going to pay a 5-6% tax on every purchase using bitcoin.
Jump to: