Bitcoin dealers who buy ABOVE exchange price?

[hheellll]

I was looking to sell a couple of bitcoins.

On localbitcoins, I see several individuals who are apparently in the business of buying AND selling bitcoins.

And yet, they buy at ABOVE the market rate. For example, right now BTC trades at 652.62, but bitcoinofamerica wants to buy at 666.78.

Does that contradict no-arbitrage market laws? Is there anything suspicious about this user?

https:// localbitcoins. com/ ad /197590/sell-bitcoins-for-cash-chicago-il-usa

[zenitzz]

I was looking to sell a couple of bitcoins.

On localbitcoins, I see several individuals who are apparently in the business of buying AND selling bitcoins.

And yet, they buy at ABOVE the market rate. For example, right now BTC trades at 652.62, but bitcoinofamerica wants to buy at 666.78.

Does that contradict no-arbitrage market laws? Is there anything suspicious about this user?

https:// localbitcoins. com/ ad /197590/sell-bitcoins-for-cash-chicago-il-usa

What methods are used to pay me interested to sell bitcoin with a more expensive price than the market price and how much you need.
but before we make a deal i need to see a proof if you are not try to scam us.

[hheellll]

I am not looking to transact with any members of this forum.

I just would like to understand how people can be buying/selling with both buying and selling price above market.

[bitcoinmasterlord]

I am not looking to transact with any members of this forum.

I just would like to understand how people can be buying/selling with both buying and selling price above market.

Some people don't want to provide their personal details to buy bitcoins or in their country, they can't buy bitcoins directly. So they may buy from people with little extra charges but if you suspect them they don't ever deal with any reversible payment processor to exchange bitcoins. It is quite common buying bitcoins slightly higher than the market price.

[isvicre]

I am not looking to transact with any members of this forum.

I just would like to understand how people can be buying/selling with both buying and selling price above market.

Some people don't want to provide their personal details to buy bitcoins or in their country, they can't buy bitcoins directly. So they may buy from people with little extra charges but if you suspect them they don't ever deal with any reversible payment processor to exchange bitcoins. It is quite common buying bitcoins slightly higher than the market price.

What the last poster said or they are advertising at one price and once you get down to the details they change their rates.