Hi guys,
My first post here. I've notived a few retail stores in Toronto which pretty much buy/sell your bitcoin in person. Charging a 5% rate.
Has anyone had any experience with these types on in person exchanges? From a business perspective are they lucrative? It's an interesting business model as you can also teach crypto in your community. However, I am unsure of the safety of random people walking in your store...
Any input would be appreciated, i would consider such a venture as long as it falls in legal terms.
Someone does similar thing in her store close to where I live, but I'm not sure how much she charges. She acts as some sort of mini bank by helping people transfer both fiat and bitcoin currencies to their wallets and to other people/businesses. I think she must have been licensed by bank to be able to provide the fiat currency transfer service which likely does not cover Bitcoin.. This shouldn't be a problem as long as she has the right ToS for the Bitcoin transfer that her customers need to read and agreed to.
Well that is something very useful, really if she is a person of that style the best thing is to become friends with her and be able to take advantage of it, also help protect her, because just as there are people who help there are also people who envy her and can do everything possible to make it go wrong, but for example with people like that in countries where everything is very difficult, for example like in Spain, it is something that should be highly valued, and as I say helping to protect them because that is the kind of people who have managed to circumvent the ways that banks and governments have so that people do not make these transactions.