[Feeler] Monthly BTC Sale

[daevanam]

Hi there,

So I invoice and get paid in BTC for most of my contracts.

I'm looking for a reliable person to buy BTC at a spot rate monthly from me. Luno screws you heavily on sales so I'm wanting to be able to sell at a better rate than what Luno would give me.

The monthly amount i'm looking to sell is around R65k.

Thanks

 

[Pansyfaust]

Wait-are you looking to sell bitcoin at a spot price internationally or at Luno rates? Because if you want to sell bitcoin at rates above luno...

GLWS

 

[Snyper564]

Um its called an active market/exchange... pretty much all exchanges work like that

 

[Leetpro]

Hi there,

So I invoice and get paid in BTC for most of my contracts.

I'm looking for a reliable person to buy BTC at a spot rate monthly from me. Luno screws you heavily on sales so I'm wanting to be able to sell at a better rate than what Luno would give me.

The monthly amount i'm looking to sell is around R65k.

Thanks

with a higher than international rate and no maker fees how does Luno screw you ?

 

[daevanam]

To purchase from Luno you're charged about 2500 more per bitcoin than the spot rate locally. The same applies when you sell directly to Luno.

Well yes, that's if you use an active market/exchange. I'm proposing that instead of getting screwed on both sides, doing a peer to peer transaction at the spot rate so as to avoid the losses on using an exchange.

Bitcoin is a peer to peer currency after all.

 

[Pansyfaust]

To purchase from Luno you're charged about 2500 more per bitcoin than the spot rate locally. The same applies when you sell directly to Luno.

Well yes, that's if you use an active market/exchange. I'm proposing that instead of getting screwed on both sides, doing a peer to peer transaction at the spot rate so as to avoid the losses on using an exchange.

Bitcoin is a peer to peer currency after all.

If you are selling directly to Luno, then you are not doing it right. You can sell (as maker) with literally zero cost, bar the deposit and withdrawal fee.

 

[daevanam]

Pansyfaust sorted me out!