Alright...
But these are some of the challenges I saw coming.
This is $100 conversion to bitcoin at luno.
I could get 0.02136btc for 100sbd
0.02136btc is 31,135naira
Assuming i was going to make this particular trade for someone I would be running at a huge loss even when Im buying @330
You see now sir. That I am not a rip off. Trying to do this exchange was indeed an act of charity.
Now I have not included any charges into this but luno is already telling me that to break even my rate must be lower than 311 naira per dollar.
I get your point now bro, sorry for the Rip-Off language.
From what i see, Remitano is about 30k, that's 1k short of Luno so go ahead with luno.
My take is, have a fixed rate charges e.g say 3k for any 100SBD and increase it like that. Reason is, the person you are converting for should bear all cost of transactions not you...with that it is a win-win and you know that no matter what the network fee and transaction fee is, you still get your own transaction charges.
I missed this discussion. But never too late. I use luno. I have account with remitano and localbitcoin. However i have only transacted with luno. The last time i did the transaction with luno was in march or so. What i do now is to sell to indivudual on telegram. At least this is more profitable as well as safe. As at time of writing this the rate on telegram for btc is 340-345/ $. That's more better than ridiculous price from luno.
Got same mail, immediately I saw it and I said, "Hey this offer is too good to be true." Then I remembered my grandma used to say if an offer is too good to be true that it definitely is. So I did a quick search of the Internet and saw it was a scam. Glad the Remitano guys did a quick mail putting the matter to rest. Scams and phishing is now on the rise.
bro u are really doing a great thing for steem
all those pple critisizing lack the understanding of what you are doing.
you r doing sdb/naira not sdb/bitcoin and if a lot of pple will do this it will help the price of steem go up. nobody not even blocktrades is converting sdb straight to usd so there is no bases for their argument.altcoins converting to btc first is wht is giving btc the edge and i also think your rate is ok. you hardly even get btc at 360 even after paying fees to convert from sdb to btc
can we chat on Steem.chat? have you checked the requirements?
Alright...
But these are some of the challenges I saw coming.
This is $100 conversion to bitcoin at luno.
I could get 0.02136btc for 100sbd
0.02136btc is 31,135naira
Assuming i was going to make this particular trade for someone I would be running at a huge loss even when Im buying @330
You see now sir. That I am not a rip off. Trying to do this exchange was indeed an act of charity.
Now I have not included any charges into this but luno is already telling me that to break even my rate must be lower than 311 naira per dollar.
I get your point now bro, sorry for the Rip-Off language.
From what i see, Remitano is about 30k, that's 1k short of Luno so go ahead with luno.
My take is, have a fixed rate charges e.g say 3k for any 100SBD and increase it like that. Reason is, the person you are converting for should bear all cost of transactions not you...with that it is a win-win and you know that no matter what the network fee and transaction fee is, you still get your own transaction charges.
One love bro...
Thanks for your contribution.
I think we can come together as a Nigerian community and figure out a way to go around these fees.
Honestly I dont feel like doing any conversions for anyone now that I see that I would be running at a loss
I missed this discussion. But never too late. I use luno. I have account with remitano and localbitcoin. However i have only transacted with luno. The last time i did the transaction with luno was in march or so. What i do now is to sell to indivudual on telegram. At least this is more profitable as well as safe. As at time of writing this the rate on telegram for btc is 340-345/ $. That's more better than ridiculous price from luno.
How is a $100 conversion gonna look like at ur reminato sir?
If reminato is better then i really should reconsider my options
I got a mail from reminnato today concerning free 0.2btc I'm just thinking its a scam, maybe someone has hacked their database, anyone saw that?
Got same mail, immediately I saw it and I said, "Hey this offer is too good to be true." Then I remembered my grandma used to say if an offer is too good to be true that it definitely is. So I did a quick search of the Internet and saw it was a scam. Glad the Remitano guys did a quick mail putting the matter to rest. Scams and phishing is now on the rise.
Yea and I'm sure some people fell for it
True that.
i did, it's scam!
They made a broadcast to counter that!
bro u are really doing a great thing for steem
all those pple critisizing lack the understanding of what you are doing.
you r doing sdb/naira not sdb/bitcoin and if a lot of pple will do this it will help the price of steem go up. nobody not even blocktrades is converting sdb straight to usd so there is no bases for their argument.altcoins converting to btc first is wht is giving btc the edge and i also think your rate is ok. you hardly even get btc at 360 even after paying fees to convert from sdb to btc