Post
Topic
Board Bitcoin Discussion
Re: How many % fee do you pay to convert to fiat?
by
DannyHamilton
on 08/01/2017, 03:34:41 UTC
How much does it cost for you guys to convert to fiat,

I don't pay a fee.  The fee is paid to me.

I have a valuable thing that other people want (bitcoins). If they want them, I require that they pay me a fee. Then I let them have the bitcoins.

and is the converting process convenient for you?

It is convenient for me, but it probably helps that I'm not in a hurry to convert.

I simply put a listing on localbitcoins.com and then wait for someone nearby to want some bitcoins.  They pay me for the bitcoins PLUS the fee that I set when I created the localbitcoins advertisement, and I send them the bitcoins.