its about trust.
first of all..
if you try to do a paypal trade then forget it.
traders wont deal with unverified paypal so you need a verified account. to have a verified account on paypal you need a bank account. which brings up the question. why prefer to use pay pal over wire transfer in the first place.
the answer on many minds is charge bank fraudsters. only a small amount of OTC traders will take on the risk of a paypal trade.
so attempting to mention the phrase paypal in the same conversation with trading will cause people to suspect you even without knowing the details.
secondly people do trade on otc, but if you only want 1btc the hassle involved with dealing with someone remotely will have a higher price for a small amount. so its better to just use blockchain.info, dwolla, moneypack etc.
OTC is turning more into the wholesaler place where people that want bulk who have trusted experience and have a trusted method of payment get the good deals as there is obviously less risk, less headaches and they can spread their profit margin across multiple coins to give others better deals.
everyone else has to use the "retailer" sites like local bitcoins, bitinstant etc
Topic: OTC (Read 619 times)
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