Hello guys,
Cryptos getting more and more exposure, more people know about cryptos. Recently I noticed that now localbitcoins also offering to exchange bitcoins to other coins such as ethereum, dash, litecoins and so on. I know that some of the methods to exchange btc is very risky, such as paypal or some gift cards which could be obtained in fraud, but what I am interested is to start selling/buying btc for altcoins as there is no chance of getting scammed. Also SEPA(eu) bank transfers looks interesting for me too to offer for btc.
My question is if its worth to start selling/buying btc on localbitcoins. From the first view it looks nice to get 5%=10% ROI for each trade, but if there are enough customers to make it worth it?
I mean, it would be good to sell BTC for 10% ROI, from $1000 I would get $100 profits, but if it would happen just once a week or month.
Or if there are plenty of people who looking to exchange?
Any experience from already established exchangers from localbitcoins ?
Chargebacks do exist with SEPA transfers, not a lot of people know about it, less know how, and not all banks can do it. But knowing how to do it or getting a good relationship with your bank it's not something impossible. I was interested to use LocalBitcoin too but give up. If you really want to deal with SEPA it may be a good idea to set up a SEPA account just to use it with localbitcoin, and never keep some funds on it.
