Yo I'm in need of $2 real quick. I'll pay you back in a week once I get paid (should be less than a week but just giving a decent range of time.)
I can easily cover this myself but the stupid website I want to buy from only accepts BTC and it's a huge hassle buying $2 worth of bitcoin (I don't want to end up paying $20 AUD to get something worth $2.)
In return for the btc I can return $2.50-3.00 worth within the time range specified.
Cheers!
A couple of things though
- Whats the collateral?
- Who pays the fees? Sending 2$ would cost atleast like 10$ in fees
Also not to mention where will you get the BTC to return it? Since you'll still have to buy BTC