I see that you could sell bitcoins on localbitcoins to ppl who offer cash deposit and other online payments. I also see they offer you higher rate than the current price as well though not that much more. Example if btc is worth say $250... i would see ppl offer $255 or $260 for it. If thats the case, isn't it better since if you do that as oppose to withdraw through coinbase, you have to pay 1 percent fee? Thus not only do you get money faster, someone is actually paying you a vig for it?
I see lot of ppl on localbitcoin seem to have very good feedback and they offer boa cash deposit. I had read cash deposits are reverisible but only till the end of the banking day. Is that correct? Thus once they deposit it, bank closes, then they cannot reverse a cash deposit no matter what? ]
I believe online boa transfer is reversible but as long as its a hakced account? The thing is im curious if anyone here had lot of good feedback about localbitcoins b/c couldn't one just buy bitcoin for 1 percent fee... then sell it to someone on localbitcoins for a profit since most pay more than 1 percent vig? the negative though is you have to meet them so that would be using up time and thats the inconvenience? Thus most dont meet with others unless its minimum say $500 worth of btc trade?
Yep you can do that but you also gotta count with fees etc so you won't profit so mutch.
Also one bad transaction and you are in loss so think twice before you jump to that.
