Quote from: Cinnob0n on May 06, 2015, 02:29:28 AM

Quote from: chopstick on January 03, 2015, 03:38:46 AM

Quote from: bitcoin_bagholder on January 03, 2015, 01:40:19 AM

Quote from: SellingHBOGo on January 03, 2015, 12:18:06 AM

I'm able to buy btc for bitstamp minus 2 percent locally in Toronto. How can I make a decent income by selling btc?

Sell it Bitstamp +5% at Localbitcoins using non-reversible payment methods (western union, moneygram, cash deposits in your bank, etc...)

This, except sell for bitstamp +20%, you make a lot more money that way.

Don't undercut the competition too hard, it hurts everyone.

You will have to learn everything else on your own but this is the way to do it.

Agreed. Localbitcoins is the way to go. Best payment method to accept would probably be a bank transfer. No chargeback and funds appear fast.

You will find it difficult because you likely don't have a good enough rep to sell at the higher rate on local bitcoin, also I have seen the OP is probably not old enough to have a bank account to trade. 15 year old scammer so I hear from a good source. Using just bank accounts now is dangerous unless you want to be questioned what the money is for/from that regularly goes in your account. I sell in cash in person and you get more out of the trade just not as many willing to buy in my local area yet.