Yeah, anonymity. That's pretty much the only reason, and people are willing to pay a premium for it. You have to realize that bitcoin is used quite a bit on dark markets--drugs, child porn, weapons, and all that other stuff, and that makes the purchasers criminals. Taking care to hide their identity is paramount.
I used Coinbase until they closed my account for a stupid banking mistake I made. If that didn't happen I'd still be buying and selling with them. Circle I've never used. Will have to look into that.
Topic: Is there a reason not everyone use Circle/Coinbase to sell BTC in the USA? (Read 311 times)
January 13, 2016, 09:07:21 PM
January 13, 2016, 08:54:24 PM
You can sell your bitcoin to circle for no cost. Last time they btc rate was actually higher than on google if you search btc to usd. Coinbase charges about 1% fee. And i did 1 transaction with circle and got the ACH transfer to my bank of america account in a few days.
Is there a reason anyone who wants to sell btc for bank transfer not use circle or coinbase? I mean... you never have to worry about getting scammed at all.
Can someone tell me why ppl in the usa sell bitcoin for other funds? I believe many sell btc to others on localbitcoins for profit. But then again, it isn't exactly safe because of scams that i read about on localbitcoins.
Is there a reason why ppl even ask for wire/western union as oppose to doing this all through circle/coinbase? Because if you trade btc for someone's else bank wire or boa online transfer, i assume there is either no fee or YOU have to pay a fee. And with circle, there's no fee and with coinbase, 1 percent fee.
Now if you trade btc for someone elses funds and got a vig on it... like 1000 btc get 1020 cash or bank transfer, i can understand that. However, don't most ppl who sell bitcoin have to give a vig anyways?
That is what im confused. Thanks.
Is there a reason anyone who wants to sell btc for bank transfer not use circle or coinbase? I mean... you never have to worry about getting scammed at all.
Can someone tell me why ppl in the usa sell bitcoin for other funds? I believe many sell btc to others on localbitcoins for profit. But then again, it isn't exactly safe because of scams that i read about on localbitcoins.
Is there a reason why ppl even ask for wire/western union as oppose to doing this all through circle/coinbase? Because if you trade btc for someone's else bank wire or boa online transfer, i assume there is either no fee or YOU have to pay a fee. And with circle, there's no fee and with coinbase, 1 percent fee.
Now if you trade btc for someone elses funds and got a vig on it... like 1000 btc get 1020 cash or bank transfer, i can understand that. However, don't most ppl who sell bitcoin have to give a vig anyways?
That is what im confused. Thanks.
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