Post
Topic
Board Service Discussion
Re: BTC Conversion Rate
by
endlasuresh
on 18/12/2017, 09:08:54 UTC
Are you going to trade on localbitcoins by p2p? A lot of buyers prefer to pay the amount when they receive the payment. But in localbitcoins, when you open the trade the rates will be freezed until the deal is completed.

I was exchanging some money from Bitcoin to Indian rupees, but here comes a problem that the receiver told me the conversion rate will be done when he receives the money

You are not the only one, everybody is doing the same, you only need to have at least a little piece of brain to know that you always need to sell at the highest price as possible.

I did more than 5 transactions, but here all exchangers are adjusting the low conversion. We choose to trade when the Rate is high and these people shows when the rate is low on that day.  

But most exchanges (p2p ones) are working by that way.

I sold it on some rate that I want and the person keeps below that one, same with Ethereum. Yeah I am looking now unocoin or post offer on exchanges site to trade Bitcoin.
For some financial problems I have to withdraw them, presently I am good to hold for some times. Ill check local Bitcoins too for getting good rate.