About our prices.Customers ask why our prices change greatly from one hour to the next. You decide to buy some coins, but by the time you collect your cash and arrange a trip to the bank, our prices have gone up. On the other hand, if you buy immediately you might come back in an hour to see a much lower price.
Please do not take price changes personally. Our automated pricing algorithm takes into account the direction of price movement. When exchange (gox, cbx, bitstamp) rates suddenly go up, our prices go up even faster. When exchange prices stabilize, our prices also settle down. We are not miners. We buy and sell BTC on the open market. We do this to help others acquire coins easily, quickly, safely, and anonymously. We sell at markup to avoid losing money.
Besides coqui33, there are usually half a dozen online USD bank cash deposit vendors selling coins on localbitcoins.com. See
the list at localbitcoins.com.
Sometimes our prices are in the low range of the competition , sometimes they are high, and sometimes in the middle. Most localbitcoins.com vendors have solid reputations. We encourage customers to shop the above list and choose wisely.
As with everything else connected to bitcoins: if you don't ike the way things are, just wait an hour. Things will then be completely different.
