If you are looking to buy Bitcoin & USDT in Africa at good rates, reach out to me!
Thank you!
Well, I’m reaching out to you now and I hope all conversations be kept on this your very thread and since I’ve heard so much arbitrage, I think you should throw more light on how you intend to do this and does this offer only applies for Africans or those living in Africa alone ?
All these are also similar scam attempts and I don’t want to point you as a scammer or anything of such that’s why I want to let you proceed with that it will take an interested member who wants to buy bitcoin or usdt from you and how do you also want to send the bitcoin with this current high transaction fees
No, it could be even China and not necessarily Africa. That was an example.
For your second paragraph, an escrow is needed to facilitate the transactions. One that both parties can agree on! For the fees, unless its liquid usdt then it will work. I dont know if Blockstream offers liquid BTC I will have to check, nothing much can be done for the fees.
In order to succeed in this, you must have a business in an African country. Selling Bitcoin will generate large amounts of local currency , which you will need to use it to buy raw products from Africa and sell them to China or any other country in exchange for the dollar. You will use the dollar to buy more of the Bitcoin that you are selling for local currencies. without this closed cycle, you will find yourself either not having Bitcoin, or a dollar to buy Bitcoin, or you have a surplus of local currency and do not know how to get rid of it.
I agree! We run an OTC desk & we know how we do it as we are a Market Maker & handle both fiat and crypto for businesses & high net worth individuals. We source some the coins locally at good rates to supply our customers so the local currency goes back to the supplier!
When we have demand for buying in dollar, then we source in dollars.
We are strategic on how we handle the business.
[moderator's note: consecutive posts merged]