Post
Topic
Board Service Announcements
Re: Buy bitcoin with cash deposits at most banks in the USA with Bitcoin-Brokers
by
offroadbiker
on 02/08/2014, 21:50:16 UTC
It's not bait-and-switch at all; he explicitly tells you there will be fees in the top post of this thread. You're asking to get exchange rate prices with zero fees. He's absolutely correct; you can only get those at the actual exchange - and even then, you will get charged fees.  I know Coinbase charges 1% or 2%; and I'm sure other exchanges do too.  If you want to buy at the actual exchange price from BB, then the seller must be selling at a negative profit - he will receive less than the exchange price once you account for the BB fee!

The per-seller profit is something that changes, well, per seller. One seller may want 10%; another may be happy with 5%; and as I said, I've bought and sold at 0% before. As others have pointed out, it's up to you to decide whether the offer available when you're looking to buy is worth it for you.

Actually, no I did not and I am not asking to get exchange rate prices with zero fees.  I expect to know the actual fees that are charged, that's all.  And now that I know I've posted the actual rate for the benefit of everybody on this thread.  The truth of the matter is that there's no range of seller prices at Bitcoin-Brokers.org.  There's one fixed price:  BTC + 10%.  After fees of 2% the final price is BTC + 12%.  No where in the top post of this thread is this important information disclosed.

You are incorrect about the seller selling at exchange price receiving a negative profit via Bitcoins-Broker.org because Bitcoins-Broker.org does not charge a fee to the seller.   Grin  Only the buyer gets charged a fee.   Grin  Any smart trader who buys low and sells high can make a handsome profit at actual exchange price.  The only kind of trader that needs to add a premium of 10% is what's called a middle man, a skimmer:  someone who has access to coin at market exchange rate, who simply buys coin and turns around and sells it to someone else for + 10% on the spot.