Ninjastic
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Board Bitcoin Discussion
Re: There has to be a better way (getting USD to BTC)
by
jtibble
on 25/01/2013, 21:07:12 UTC
Quote from: deadweasel on January 25, 2013, 08:59:37 PM
Quote from: CurbsideProphet on January 25, 2013, 08:58:42 PM
Quote from: jtibble on January 25, 2013, 08:54:26 PM
Look into Localbitcoins.com

Their markups are reasonable (for the convenience of having your coins within days, or even hours), and if you're dealing with a good seller, they'll have enough BTC on-hand to meet any of your needs. And they can do the ACH and slow transfer stuff behind the scenes (like a buffer).

Anyways, check it out. I use it a lot to sell and make contacts with buyers.

There's 1 person about 5 miles from me but he's asking for $22USD/BTC....

Thanks though, I think I have a number of options to look into.  Maybe once I accumulate enough I can sell locally and get some of those ridiculous spreads down.

Mebbe he didn't update recently.  Send him a message?

I've found, as a seller, that I have to charge a 5 or 6% premium, to cover the 2% fee by going through BitInstant, and to make it worth my while. This guy must have it at like, 10%. But if he's dominating the market, he can charge exorbitantly.