Why are people purchasing BTC on here at about PREEV rate instead of using LBC ?

n691309

legendary

Activity: 1526

Merit: 1001

Sometimes the preev rate is higher that other exchanges(not all) so why not earning a bit more when trading that's why.

HeroCat

hero member

Activity: 658

Merit: 500

I think it can depend from each BTC user - one prefer forum, because he/she know another one forum member long time and another one forum member prefer BTC exchange. It depends from each person BTC buying practice. Wink

~Bitcoin~

legendary

Activity: 994

Merit: 1000

You have choose between price and security of your coin. Better sell it at LBC if you canT find escrow but if you got one than why to sell low. Good luck wait for escrow to response.

cptdome1

sr. member

Activity: 386

Merit: 251

Cash face to face is pretty safe if you are in a public location and you arent dealing with a very high dollar amount.

erikalui

legendary

Activity: 2632

Merit: 1094

LBC rates are abnormal. Mostly all the buyers have a rate about 10% more than the market rate unless you are talking about buyers with a 0 trade history on LBC. Buyers use this forum as they get a quicker response and if they use an escrow, the trade as well is safe unless you are using PayPal.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: bilabonic on December 06, 2015, 01:47:15 PM

I was looking to sell BTC, but just had chat with trusted buyer and it is cheaper on LBC.

not always, often it's more expensive, they charge 5-10% because they offer a faster service than a normal exchange, especially if this is done locally, face to face

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: bilabonic on December 06, 2015, 11:55:52 AM

Quote from: Quickseller on December 06, 2015, 11:53:34 AM

Quote from: bilabonic on December 06, 2015, 11:48:25 AM

Quote from: Quickseller on December 06, 2015, 11:43:48 AM

People are willing to buy BTC at a premium and sell it at a discount because they do not want to go through the hassle of getting their identity verified on one of the various exchanges and do not wish to wait for the deposit to clear when funding their exchange accounts.

How much BTC are you looking to sell, what payment methods are you willing to accept and at what rate? If you are willing to sell under the market price, then I most likely would be able to buy all the BTC that you are selling.

The WHOLE point of me looking to sell on here is that people are willing to pay above the going rate - i use PREEV as it's an avarage of variuos exchanges.

I am willing to accept any payment method that is 100% safe/Escrow ?

I am only looking to buy at below market rates.

I would suggest that you open a [wtb] thread in currency exchange with the specific rates you are offering and what payment methods you will accept. GLWS

Thanks, BUT what payment methods are safe ? Direct Bank Transfer, Paypal Gify (but this can be reversed)..........

I will look on other forum know.

Thanks

Pretty much every payment method is going to carry some risks one way or another. Even Western Union payments carry risks as there have been some reports of Western Union suing the recipient of funds when the sender claimed fraud (although I believe this to be very rare). You can somewhat mitigate these risks by dealing with people who have a history of acting honestly and have a reputation of not engaging in any kind of shady things (most exchangers in the currency exchange section probably should not be used as they often accept payment from shady people that may get reversed).

With that being said, cash based payment methods are best (eg MoneyGram, WesternUnion, Walmart-2-Walmart, cash deposit, ect.)

bilabonic

sr. member

Activity: 325

Merit: 250

I was looking to sell BTC, but just had chat with trusted buyer and it is cheaper on LBC.

yoona

sr. member

Activity: 493

Merit: 250

Live by your own rules

Quote from: bilabonic on December 06, 2015, 11:55:52 AM

Quote from: Quickseller on December 06, 2015, 11:53:34 AM

Quote from: bilabonic on December 06, 2015, 11:48:25 AM

Quote from: Quickseller on December 06, 2015, 11:43:48 AM

People are willing to buy BTC at a premium and sell it at a discount because they do not want to go through the hassle of getting their identity verified on one of the various exchanges and do not wish to wait for the deposit to clear when funding their exchange accounts.

How much BTC are you looking to sell, what payment methods are you willing to accept and at what rate? If you are willing to sell under the market price, then I most likely would be able to buy all the BTC that you are selling.

The WHOLE point of me looking to sell on here is that people are willing to pay above the going rate - i use PREEV as it's an avarage of variuos exchanges.

I am willing to accept any payment method that is 100% safe/Escrow ?

I am only looking to buy at below market rates.

I would suggest that you open a [wtb] thread in currency exchange with the specific rates you are offering and what payment methods you will accept. GLWS

Thanks, BUT what payment methods are safe ? Direct Bank Transfer, Paypal Gify (but this can be reversed)..........

I will look on other forum know.

Thanks

The most safe method to do to buy bitcoin is you make deposit directly with your bank account. And put it to local exchange, buy some coin snd have fun.
Buy with paypal is a bad idea, avoid that method.

bilabonic

sr. member

Activity: 325

Merit: 250

Quote from: Quickseller on December 06, 2015, 11:53:34 AM

Quote from: bilabonic on December 06, 2015, 11:48:25 AM

Quote from: Quickseller on December 06, 2015, 11:43:48 AM

People are willing to buy BTC at a premium and sell it at a discount because they do not want to go through the hassle of getting their identity verified on one of the various exchanges and do not wish to wait for the deposit to clear when funding their exchange accounts.

How much BTC are you looking to sell, what payment methods are you willing to accept and at what rate? If you are willing to sell under the market price, then I most likely would be able to buy all the BTC that you are selling.

The WHOLE point of me looking to sell on here is that people are willing to pay above the going rate - i use PREEV as it's an avarage of variuos exchanges.

I am willing to accept any payment method that is 100% safe/Escrow ?

I am only looking to buy at below market rates.

I would suggest that you open a [wtb] thread in currency exchange with the specific rates you are offering and what payment methods you will accept. GLWS

Thanks, BUT what payment methods are safe ? Direct Bank Transfer, Paypal Gify (but this can be reversed)..........

I will look on other forum know.

Thanks

Quickseller

copper member

Activity: 2996

Merit: 2374

Quote from: bilabonic on December 06, 2015, 11:48:25 AM

Quote from: Quickseller on December 06, 2015, 11:43:48 AM

People are willing to buy BTC at a premium and sell it at a discount because they do not want to go through the hassle of getting their identity verified on one of the various exchanges and do not wish to wait for the deposit to clear when funding their exchange accounts.

How much BTC are you looking to sell, what payment methods are you willing to accept and at what rate? If you are willing to sell under the market price, then I most likely would be able to buy all the BTC that you are selling.

The WHOLE point of me looking to sell on here is that people are willing to pay above the going rate - i use PREEV as it's an avarage of variuos exchanges.

I am willing to accept any payment method that is 100% safe/Escrow ?

I am only looking to buy at below market rates.

I would suggest that you open a [wtb] thread in currency exchange with the specific rates you are offering and what payment methods you will accept. GLWS

bilabonic

sr. member

Activity: 325

Merit: 250

Quote from: Quickseller on December 06, 2015, 11:43:48 AM

People are willing to buy BTC at a premium and sell it at a discount because they do not want to go through the hassle of getting their identity verified on one of the various exchanges and do not wish to wait for the deposit to clear when funding their exchange accounts.

How much BTC are you looking to sell, what payment methods are you willing to accept and at what rate? If you are willing to sell under the market price, then I most likely would be able to buy all the BTC that you are selling.

The WHOLE point of me looking to sell on here is that people are willing to pay above the going rate - i use PREEV as it's an avarage of variuos exchanges.

I am willing to accept any payment method that is 100% safe/Escrow ?

Quickseller

copper member

Activity: 2996

Merit: 2374

People are willing to buy BTC at a premium and sell it at a discount because they do not want to go through the hassle of getting their identity verified on one of the various exchanges and do not wish to wait for the deposit to clear when funding their exchange accounts.

How much BTC are you looking to sell, what payment methods are you willing to accept and at what rate? If you are willing to sell under the market price, then I most likely would be able to buy all the BTC that you are selling.

bilabonic

sr. member

Activity: 325

Merit: 250

Hi

Just wondered why people purchase BTC on here at above PREEV rates, 10% seems to be the norm.

Anyone explain ?

I am looking to sell BTC myself using a trusted free ESCROW service from one of these guys -

https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778

Anyone advise, as i don't want to be scammed.

Thanks.

Topic: Why are people purchasing BTC on here at about PREEV rate instead of using LBC ? (Read 818 times)