U can easily sell bitcoins without any paperwork on LocalBitcoins or
www.100bit.co.in.
That is fine. But, if you wanted not to meet in person . I get there might be competition.
You can sell online through both. No requirement to meet in person.
Ah ok. Fair enough. I figured there might be some competition that is fine. How does local bitcoin make money ?
Both LocalBitcoins & 100bit.co.in makes money through commission. LocalBitcoins is an established players and spends huge on advertisement. Hence their trading fees are normally higher than 100bit.co.in. On 100bit.co.in, tradin fee is 0.1% of the trade amount.
Ah I see Victor. Thanks for that information. So they are equivalent in commission to say an exchange I take it ?