[WTB] BTC 2% below spot

[arbitrage001]

Will send you payment via Check or Dwolla.

[ScottJD]

No bank transfer or such?

[arbitrage001]

Domestic wire (US) costs around 18 dollars and international wire costs 30 dollars. Unless you are selling large amount, you will have to pay these fee.

[mrkent]

I'll sell large order of btc for $1k-3k for preferably cash in the mail, overnight shipping.
I have great rating on here, otc, and localbitcoins.
I'd like you to send first or we can go through escrow.

[Phnx818]

I have about 50 BTC that I would like to sell. Are you interested in that volume?

[arbitrage001]

The reason I can do 2% below spot is the implied low risk.

When I receive bitcoin from seller, I will sell it on the exchange for around 1% fee (I only do large withdraw to reduce withdraw fee, this reduce my operation cost which indirectly pass the saving to seller) and send seller either check, dwolla or bank transfer knowing I have the same amount of money on the exchange.

The value of bitcoin goes up and goes down very quick. As we speak, the price of bitcoin has already gone down more than 1.5%. If I have to send first before receiving any coin, my operation would have high implied risk and 2% fee (around 1% is already taken by exchange and withdrawal fee not counted) won't justified my business model.

 
As far as trust goes, seller can check my Ebay feedback on how I handle refund and missing shipment.

[arbitrage001]

I have about 50 BTC that I would like to sell. Are you interested in that volume?

Yes. I can do that volume. You do understand you need to send first to my wallet. I will sell at mtgox and send you back whatever price I get from Mtgox (minus 2% fee).


What kind of payment do you take?

[dbanga85]

I have about 50 BTC that I would like to sell. Are you interested in that volume?

Yes. I can do that volume. You do understand you need to send first to my wallet. I will sell at mtgox and send you back whatever price I get from Mtgox (minus 2% fee).


What kind of payment do you take?

LOL.

[arbitrage001]

It isn't hard to check block chain on my wallet and see what kind of transaction I have done.

[arbitrage001]

Beside, if trust is an issue, one can break one transaction into multiple smaller one.