Trading Bitcoin For Profit With Different Buyers?

[Serpens66]

Heres another thing i wanted to ask.  Couldn't you buy bitcoin from circle or coinbase... then sell the bitcoin on localbitcoins for a profit due to the prices?  I heard someone mentioned a while back circle or coinbase not sure which one would ban you if they think you are buying bitcoin only to sell it later on, on localbitcoins for a profit.  Is this true or not?


Example say bitcoin is $450 on circle.  Typically how much the buyer of bitcoin buy 1 bitcoin via localbitcoins?  Because even if they buy it for 2 percent vig... thats good if they buy a lot.


Also one time when i cashed out bitcoin to my bank acct via circle... i notice the btc price circle was buying from me higher than from coinbase.  coinbase also charges 1 percent.  So in a way, isn't it sorta profitable to acquire bitcoin at regular price with no vig... then sell it at circle where you make a small profit?  Im just assuming here but i recalled the one time i sold bitcoin to circle... the price was higher than the price when i googled btc to usd.  Does anyone know if this holds true or not or it was rare occassion.

Why are you asking that much questions? Just do it.
But about coinbase see here: https://support.coinbase.com/customer/portal/articles/1905681-localbitcoins-and-coinbase

[viking02]

Well i know about coinbase and circle.  Coinbase has a 1 percent fee and circle doesn't.  But from what i read, isn't it true eventually your accounts will be shut down?  Thus if you withdraw max of 3k to your bank acct every week from circle, wouldn't this eventually happen?  Or do you withdraw smaller amounts and do it once every other week to prevent this?


The thing is i would like to be able to sell bitcoin for profit for a vig.  I am able to acquire bitcoin where i pay no vig/fee as you want to put it.


Is there a list of ppl here that are reputable for this?  Thus if i could sell bitcoin to someone for 2 percent, that is decent for me.

[viking02]

anyone here?  I will like to do this soon as i have bitcoin and like to sell.

[outatime1]

I'm sure there are people that do this but most of the time you pay a fee for buying so you would then have to find someone that wants to buy from you that can't get the bitcoins for the price plus fee that you paid. That may be hard to do and to make much money at it.