Topic: What exchange should i use to determine price for in person cash transactions? (Read 364 times)
November 19, 2013, 01:07:27 PM
Ok thanks guys
November 19, 2013, 12:49:05 PM
Use whatever rate you can convince the buyer (or seller) to accept. That's how negotiation works.
I generally start with MtGox rate for those that are getting bitcoins from me, and BitStamp rate for those that are supplying me with bitcoins.
Then depending on current market conditions, I adjust up or down from there until we reach a rate that is mutually acceptable.
If we can't come to agreement on a price that makes us both happy, then the transaction isn't arranged and we each look for someone else that will meet our requirements.
I generally start with MtGox rate for those that are getting bitcoins from me, and BitStamp rate for those that are supplying me with bitcoins.
Then depending on current market conditions, I adjust up or down from there until we reach a rate that is mutually acceptable.
If we can't come to agreement on a price that makes us both happy, then the transaction isn't arranged and we each look for someone else that will meet our requirements.
November 19, 2013, 12:32:27 PM
most use btc-e as a low and bitstamp as a high and go half way between.
November 19, 2013, 11:19:32 AM
Like, if i met someone face to face to buy bitcoins, what's the best exchange to use to determine a fair price to pay for bitcoins? There are so many exchanges with so many different prices. I understand Mt Gox is way off the other exchanges because it takes forever to get your USD back into your bank account after selling though...
Also, what's a good android app to keep track of these prices? Thanks!
Also, what's a good android app to keep track of these prices? Thanks!
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