Topic: Starting localbitcoins exchanging business? is it worth it? (Read 177 times)
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My question is if its worth to start selling/buying btc on localbitcoins. From the first view it looks nice to get 5%=10% ROI for each trade, but if there are enough customers to make it worth it?
Have you done any searches on google and youtube? at least you should do this research and then you should see what profit the guys from localbicoin do, but you should go to the localbitcoin to do this search. The ideal would be to talk to people who have a great reputation in localbitcoin
I mean, it would be good to sell BTC for 10% ROI, from $1000 I would get $100 profits, but if it would happen just once a week or month.
Do not create high expectations. just make trade without setting too high profits, this is because you must first gain experience
Hello guys,
Cryptos getting more and more exposure, more people know about cryptos. Recently I noticed that now localbitcoins also offering to exchange bitcoins to other coins such as ethereum, dash, litecoins and so on. I know that some of the methods to exchange btc is very risky, such as paypal or some gift cards which could be obtained in fraud, but what I am interested is to start selling/buying btc for altcoins as there is no chance of getting scammed. Also SEPA(eu) bank transfers looks interesting for me too to offer for btc.
My question is if its worth to start selling/buying btc on localbitcoins. From the first view it looks nice to get 5%=10% ROI for each trade, but if there are enough customers to make it worth it?
I mean, it would be good to sell BTC for 10% ROI, from $1000 I would get $100 profits, but if it would happen just once a week or month.
Or if there are plenty of people who looking to exchange?
Any experience from already established exchangers from localbitcoins ?
Cryptos getting more and more exposure, more people know about cryptos. Recently I noticed that now localbitcoins also offering to exchange bitcoins to other coins such as ethereum, dash, litecoins and so on. I know that some of the methods to exchange btc is very risky, such as paypal or some gift cards which could be obtained in fraud, but what I am interested is to start selling/buying btc for altcoins as there is no chance of getting scammed. Also SEPA(eu) bank transfers looks interesting for me too to offer for btc.
My question is if its worth to start selling/buying btc on localbitcoins. From the first view it looks nice to get 5%=10% ROI for each trade, but if there are enough customers to make it worth it?
I mean, it would be good to sell BTC for 10% ROI, from $1000 I would get $100 profits, but if it would happen just once a week or month.
Or if there are plenty of people who looking to exchange?
Any experience from already established exchangers from localbitcoins ?
Chargebacks do exist with SEPA transfers, not a lot of people know about it, less know how, and not all banks can do it. But knowing how to do it or getting a good relationship with your bank it's not something impossible. I was interested to use LocalBitcoin too but give up. If you really want to deal with SEPA it may be a good idea to set up a SEPA account just to use it with localbitcoin, and never keep some funds on it.
You have chosen a right way to start there. So far I have experience on localbitcoins.com I believe they have great promising experience onall the side. If anyone want to invest then this really a best opportunity for you do earning.
I think you need to have some mentioned amount on your wallet to open the trading. If you don't have that you are not allowed to be open up the trade.
I think you need to have some mentioned amount on your wallet to open the trading. If you don't have that you are not allowed to be open up the trade.
Making exchanges at that site needs to be trusted. This trust increases over time to become a member who can do all the deals "PayPal, gift cards, etc."
As a beginner, I will not process with a new user unless the return is low. "10% is high & will not do it unless with trusted members [low risk]".
you need to work continuously for an extended period and any, negative evaluation/feedback will hurt your investment.
From my personal experience, I do not recommend it unless you have a financial surplus and plan for a long-term investment.
As a beginner, I will not process with a new user unless the return is low. "10% is high & will not do it unless with trusted members [low risk]".
you need to work continuously for an extended period and any, negative evaluation/feedback will hurt your investment.
From my personal experience, I do not recommend it unless you have a financial surplus and plan for a long-term investment.
Hello guys,
Cryptos getting more and more exposure, more people know about cryptos. Recently I noticed that now localbitcoins also offering to exchange bitcoins to other coins such as ethereum, dash, litecoins and so on. I know that some of the methods to exchange btc is very risky, such as paypal or some gift cards which could be obtained in fraud, but what I am interested is to start selling/buying btc for altcoins as there is no chance of getting scammed. Also SEPA(eu) bank transfers looks interesting for me too to offer for btc.
My question is if its worth to start selling/buying btc on localbitcoins. From the first view it looks nice to get 5%=10% ROI for each trade, but if there are enough customers to make it worth it?
I mean, it would be good to sell BTC for 10% ROI, from $1000 I would get $100 profits, but if it would happen just once a week or month.
Or if there are plenty of people who looking to exchange?
Any experience from already established exchangers from localbitcoins ?
Cryptos getting more and more exposure, more people know about cryptos. Recently I noticed that now localbitcoins also offering to exchange bitcoins to other coins such as ethereum, dash, litecoins and so on. I know that some of the methods to exchange btc is very risky, such as paypal or some gift cards which could be obtained in fraud, but what I am interested is to start selling/buying btc for altcoins as there is no chance of getting scammed. Also SEPA(eu) bank transfers looks interesting for me too to offer for btc.
My question is if its worth to start selling/buying btc on localbitcoins. From the first view it looks nice to get 5%=10% ROI for each trade, but if there are enough customers to make it worth it?
I mean, it would be good to sell BTC for 10% ROI, from $1000 I would get $100 profits, but if it would happen just once a week or month.
Or if there are plenty of people who looking to exchange?
Any experience from already established exchangers from localbitcoins ?
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