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Author Topic: Make Smaller Trades  (Read 373 times)
buwaytress
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December 04, 2017, 06:42:34 PM
 #21

I think Pursuer's suggestion is the best, and works for me. I trade regularly/periodically on Localbitcoins just as my regular scheduled cashouts, though my trades are much larger, not usually less than EUR200 worth of Bitcoin per trade, and I can generally sell almost my entire sum if I wait long enough. Based on the interest I receive and offers made, I think you could do very well with small trades (depending on your location). You have to put up a flat 1% maker's fee, but I always add that 1% to my price anyway and it's still usually one of the best offers, and since you only pay per deposit, you can just deposit a large amount, and keep an open advertisement to sell (you can set it to auto adjust to market rates). The advertisement is hidden automatically when your coins run out, so you never risk overselling. I haven't found a better way to sell Bitcoin securely, while getting a respectable price.

Bisq has a very similar method, except I find it to be slightly slower, and you have to keep it open all the time (it's a separate app), whereas LBC is fire and forget.

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December 06, 2017, 07:25:35 PM
 #22

You can use internal transfer feature of a crypto-exchange. You can transfer your BTC to one account to another internally without paying any transaction fees. Only con to such exchanges are that they don't give you private key and can block your fund anytime in the name of verification.
Another solution is that you transfer altcoin, say litecoin or dash, to them as it cost low transaction fees and then exchange it to BTC which too cost quite a low fees. Still you will be in profit after paying both fees.

Both this solution, you need to depend upon exchange. No decentralize wallet can provide you these services.

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moneymonkey08
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December 07, 2017, 12:45:29 PM
 #23

Yes, I've been doing this for a while now. I usually buy Bitcoins thru Paxful. Since I buy them using iTunes gift cards, $25 = 0.00014101BTC
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