If you can sell Bitcoin on Exchange with good rate, why selling to resellers

[GeorgeJohn]

People have different perspective and different methods of selling their coin's, and also it's because of information that lead's people selling and reselling of bitcoin to reseller, at times some people dont feel comfortable or believe that bitcoin blockchain can speed up their transactions due to they don't have the believe or trust to bitcoin, and mostly the prefe having transaction with someone they know very well, which can as well call it physical p2p transaction, but if you are afraid of it you can do transaction with person you know.

[CryptopreneurBrainboss]

I have noticed people selling there bitcoin to resellers who will buy low and sell high making  few profits from what they bought from others.

In addition to what others have said as I believe your question most have been answered due to the type of users I see who have already commented above, to add, there are other reason like not trusting the exchange. I have had users contact me with thousands of dollars in Bitcoin to trade, that's they sell to me. They fully understand that I won't have such funds to credit them like instantly at hand but still they're willing to wait on me to do whatever I'll do to give them their funds which usually results to me making use of exchanges but they don't trust those exchange to use themselves probably due to past ugly experience.

Also I have had those that just want an instant transaction, exchange normally requires atleast one confirmation to display your deposit and additional confirmation to be able to process your transaction but with peer2peer, if you trust the user, you can process a zero confirmation transaction.

This isn't recommended to carryout with users you don't have personal relationship with as a scammer can take advantage of you by double spending and you lose your money without receiving the Bitcoin. And just to stressed what others have said, it's just about preference and don't stress yourself over what others are gaining, focus on yourself.

[Rengga Jati]

Maybe I was left behind and had just known if there is a kind of Bitcoin reseller.
Well, we don't know why some people choose to sell Bitcoin to resellers even at a cheaper price.
That's right, P2P today can also be found everywhere and many P2P Services are already trusted and have a good reputation.
But again, these people can have their own conditions and considerations.
Or maybe because of their ignorance. As long as they get money, maybe it's enough for them. We don't know what's on their mind too.

[Oceat]

Maybe I was left behind and had just known if there is a kind of Bitcoin reseller.
Well, we don't know why some people choose to sell Bitcoin to resellers even at a cheaper price.
That's right, P2P today can also be found everywhere and many P2P Services are already trusted and have a good reputation.
But again, these people can have their own conditions and considerations.
Or maybe because of their ignorance. As long as they get money, maybe it's enough for them. We don't know what's on their mind too.

I think it's all about the profit plus considering they will remain anonymous if they use a P2P services despite of the difference in fees. I myself wouldn't hassle to a cheap Tx fees if I didn't have my privacy anymore. It's like you are selling your information to a cheap price and when the exchange gets hack they can't do anything about of your personal information.

Yes, I know this is the risk of using a custodial wallet/centralized exchanges but I think it depends on the way how people think and use exchanges for their own good as long as they receive the money that they want.

[Mpamaegbu]

I had sold my Bitcoin before at a low rate lower than exchange rate which I later regret because I was new to crypto and doesn't have a better knowledge of selling to an exchange.

Well, even now that you think you're selling right; the person you're selling to stands a chance of reselling and making a bit of gain from it. It's the way business of buying and selling works. It depends on who you're selling to and who needs it the most to call the price. Remember that it's demand and supply that set the price of goods and services.

Some people still prefer selling their Bitcoin to resellers which I will like to know.

Perhaps these ones may not understand the complexity of selling on exchanges (which could be confusing if you asked me) and they won't fancy their chances taking that risk so they don't lose their Bitcoin. For them, a little profit is better than the risk of big profit and then lose it all to scammers or wrongly sent to a wrong address.

[Rengga Jati]

I think it's all about the profit plus considering they will remain anonymous if they use a P2P services despite of the difference in fees. I myself wouldn't hassle to a cheap Tx fees if I didn't have my privacy anymore. It's like you are selling your information to a cheap price and when the exchange gets hack they can't do anything about of your personal information.

Yes, I know this is the risk of using a custodial wallet/centralized exchanges but I think it depends on the way how people think and use exchanges for their own good as long as they receive the money that they want.

Yes, there may be such conditions and considerations why people want and don't want to use it.
And I personally also don't really take a problem why people prefer to choose that service, because everyone has consideration about what he is doing.
And as long as the reseller service is trusted and will not scam us, it is no problem. But once more, if we are going to use that service, do an initial analysis of the services whether they are real and trusted or not.

[dondonk]

Sometimes we are faced with a difficult situation so that we sell our Bitcoin assets as soon as possible and not everyone knows access to Exchange. So that sometimes resellers are the choice to sell bitcoin and get fiat money as soon as possible.

[GeorgeJohn]

Sometimes we are faced with a difficult situation so that we sell our Bitcoin assets as soon as possible and not everyone knows access to Exchange. So that sometimes resellers are the choice to sell bitcoin and get fiat money as soon as possible.

Their is people that normally lives with bitcoin they generate through trading and other way round, if they refused to sell and get quick cash they will not survive well, but is absolutely wrong from my perspective to be selling bitcoin frequently without investing, cryptocurrency is a currency that it's values is not fixed and it always get accelerated in movement, so therefore a coin you save or invest in intervals of months can as well come in multiple times when it stays long and most especially annually storage of coin, I'm really against people that always inquisitive to exchange coin for fiat always, i know that some sell's in respect to solve a problem.