lol so funny! $2500 for one bitcoin when it is $275  The offer is actually $2500 for one bitcoin plus 5 nights hotel stay. |
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I get BTC for under 10% all the time.
Where? From other members here on this forum. I sold bitcoins to xetsr at 5% over market. Typically you're going to have to offer some sort of incentive for people to take paypal though. I don't like to keep a lot of money in paypal (I don't trust them) and if I want to buy something with paypal, I can just use my credit card, so there's not much reason to trade at market rate unless I have some extra bitcoins I want to cash out. |
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What I'm irritated with is that you repeatedly promote your service here, but when people actually contact you, it turns out things are not quite what they seem. For example, you say "any major US bank such as Bank of America, Wells Fargo, PNC, US Bank, Citibank and US Bank" but often do not have anything available at most of those banks. During those 7,000 transactions there has never been one complaint from a single buyer or seller because inquiries are handled lightning quick, bitcoin is received the same day, and clients are treated like gold.
You claim there has never been a complaint, but in the past I got a somewhat different story from you: First time buyers are required to submit a copy of government issued ID so we know who we are dealing with. The first year of business we used to just issue deposit instructions to buyers without verifying their identity, yet we fell victim to fraud. The fraud was committed as follows:
The criminal realized that if they could trick victims into making cash deposits into our bank account, they could represent themselves as the depositor and get paid the bitcoin. Once the victim realized that whatever they thought they were depositing money for was a fraud, they went to the bank and informed the bank that they had deposited into one of our accounts (naturally thinking that whatever account they were depositing into was the criminal's account instead of ours.) The bank then froze our funds, investigated the fraud, and closed our account and it turned into an absolute nightmare for us. So, as a result of those shenanigans we now need to ensure that we are actually dealing with a person who is fully aware of why they are depositing into our accounts.
We only ask for ID once. Once new buyers have identified themselves, we never ask again. We just need to do our best to scare away the bad guys for everybody's safety.
If you would like to make a deposit, we ask that you upload a photo of either your Passport or Driver's license to this ticket as well as a copy of a utility bill which is no more than 90 days old. We ask that the photo of the ID captures all outer edges of the ID. Additionally, we ask that a note be written and laid next to the ID so one single picture captures the note and the ID. The note must read
"I am depositing into Bitcoin-Brokers bank account for the purpose of purchasing bitcoin".
Once we have that, you are "good to go" to purchase as much bitcoin as you wish.
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i think jon snow is from tbn if he is him he is legit i sell him one time amazon gift card
And this happened the very same day you first created an account on this forum? Really? LOL |
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Your imagination aside, isn't it much like localbitcoin with a concierge service?
The rates are fairly similar to lbc, and often discounted in comparison. LBC does maybe a thousand bitcoin a day, yes?
If you don't like it, don't use it, or set up your own better service, but I don't see a reason for the disparagement.
I'm not going to submit requests repeatedly just to get a price quote. Yes, it is a waste of my time, when I can go to localbitcoins or paxful and see the prices listed. |
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I can't imagine you're getting many buyers if you're asking for 12% over Bitstamp.
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I looked at localbitcoins, but the prices are very high. I'm in Canada, and the exchange rates change so much it's complicated. If I need the coins, I want to get some of them on this forum. But I don't know yet if I need them, I'm just getting prepared in case.
Put up an ad with your price and wait for offers. I recently put an ad on localbitcoins to buy at $240 (usd). It took about a week to get 10 bitcoins. |
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bump
It might help if you posted updates on what you actually have available. The last time I inquired, you had offers at only 2 banks, and at 10% over market rate. |
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Um... let me see if I understand this correctly:
You are running a captcha-solving business where you pay out bitcoin for people to solve captchas. You are being paid via paypal for this, by people who are probably spammers and generally not very trustworthy. You want to exchange this paypal money for bitcoin.
Do you understand why I'd be a little nervous about accepting these paypal funds?
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Western union money orders are what you need, buy as many as you want at a grocery store.
Western Union charges a $15 fee to get a refund on a money order, and it takes up to 30 days. Also IIRC these are limited to $500. My most recent cash in mail trade was for over $1000, so I would have had to buy three seperate money orders. This isn't as great a deal as you're making it out to be. |
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I am often surprised seeing newbie coming up with an exchange immediately when they signup even without introducing themselves in the appropriate section of the forum.
All the same Mr. newbie I will make an exchange for you At the rate of 45%. and maximum per transactions should and must be $50.
Contact me when you are ready for deal.
It took 4 months of no chargebacks for my account to get out of paypal's 'newbie jail' where they were putting a 21-day hold on payments. If you get a chargeback, even for a small amount, paypal will start holding funds again. Trading with newbies just isn't worth it. |
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Have you ever heard of a money order? If you must send things through the mail at least secure it by making it a money order.
Of course I have heard of money orders, and if you look at my trading thread you'll see I've offered this. I have had only one person take me up on the offer of a money order, and they guy apparently did not cash it himself, but used it to pay a bill. Have you ever tried going to the post office and asking them to cash a $1000 money order? They will only do it if they have enough cash on hand, which the smaller post offices usually don't. Someone who pays $20 for overnight mail probably doesn't want to wait another day or more to cash the money order. It's really friggin stupid to send cash itself because it could be stolen or lost at any point and you won't get reimbursed. Even if you buy insurance the burden of proof is on you, and that's real hard to prove.
I am not stupid. I have been doing this for a long time and I can work out the economics. The loss rate for sending things in the mail (not just cash, but all sorts of things, eg online auctions) where someone wasn't obviously trying to scam me, is around 2% or 1 in 50. Occasional losses are a cost of doing business, and I'm not going to spend a huge amount of time chasing a small amount of money. In the one and only case I have dealt with where someone claimed that a money order was lost in the mail (not bitcoin related) the recipient later found the lost money order and tried to cash it, which led to a big mess. I'd really rather not go through that again. |
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Newbies can't start their bitcoin trades on here with paypal, gotta use irreversible methods if you're buying. You could look legit and do $10,000 of transaction in a couple months, and then walk into the bank and reverse them all.
This will, of course, get you banned from PayPal, and probably your bank too if it's any significant amount of money, so there's a limit to how many times someone can pull this scam. I worry much more about stolen paypal accounts. |
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I have a $450 paypal cashcard that i can pay in
I think your friend gave you some bad advice there. |
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BTW cash in mail is for idiots. No one does that. Much better to find a local bitcoin dealer and pay a reasonable 10-20% fee.
It is not stupid. I have done it many times, and the cost is generally under 5%. Just last week I sent $500 overnight, for $20. That is 4%, and normally I would go with a cheaper option, but the guy I was trading with was in a hurry and paid for it. Why would you pay 10-20%? |
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I traded with avax. So far, so good. Avax sent the pp as gift.
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There isn't one.
Paypal can be reversed up to 180 days. No one is going to hold bitcoins in escrow that long.
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Hi, don't know of this is the right place. But I have 200 BitCoins
Ha ha I needed a good laugh its been a shitty day  Google wallet was the funny part |
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