So, what if i buy 100 bits for $1.40 and donate them to my favorite streamer then the streamer withdrwa this, what is the benifit for me here ?? can someone shed some light please!
You missed the point man. Heard of the good old cheap Steam games by tricking Steam you're in Turkey? Crypto arbitrage? All these have one thing in common, get it for a
better price.
Look at it like this;
- Twitch
sells 100 bits for
$1.40 => (The watcher gets
100 bits.
Twitch gets
$0.40 "commission" for
100 bits, and a potential
streamer could get these
100 bits and
withdraw them for a $1)
-
100 bits = $1 (For you as a
streamer -for
withdrawal)
- For
Turkey, the price is
cheaper. They charge
11.20 Turkish liras for every
100 Bits. Resulting in technically buying
100 Bits for ~
$0.60 -
After conversion via the exchange rate in
USD (Including fees)
Then, you can donate the
100 bits to yourself from another account, which results in
ACTUALLY EARNING $0.40 in
profit (You
paid $0.60 in
USD after conversion from
TRY for the
100 bits -because you've donated yourself
$1 worth of bits that cost you
$0.60 to purchase -
Including their fees, you profit
$0.40). - *And that's the best part of this method
BASICALLY, TWITCH GETS %40 OF A DOLLAR YOU'D POTENTIALLY DONATE TO A STREAMER (THE PRICE VARIES BUT YOU GET THE POINT)
And for Turkey, Twitch 'allows' to afford the same digital product for less (To Twitch themselves in profit after conversion to USD)
* Also the usual stuff, the
more you buy ("in bulk") the "
Cheaper" it becomes to you
AKA wholesale.
To save you a potential re-read basically for Turkey the bits are cheaper but they are worth the same so once you donate the bits to a US-based streamer (for the sake of the example), he gets the worth of the bits in his currency, which is usually $1 for 100 bits. -Thing is, you purchased them for $0.60 technically, since Twitch allows the same product for cheaper since you're 'based in Turkey'
Basically buy for cheaper and donate to yourself for the "whole" price according to your country.
Don't let the extra $0.40 confuse you. That's just the fee Twitch charges for the purchase. The streamer gets the full dollar for the 100 bits.
* Also this method was seen in one of the "buy-sell" ebooks a while ago so prepare for this method to get patched. But let's keep the high spirits and %100 positivity for those willing to try it. I can almost guarantee the saturation of this method since the 'ebook' version of this method has already been leaked into forums with over 20 reply pages in the thread months ago. Not to mention the types we all love that think letting the corporates know there's a vulnerability being abused for a pat on the shoulder or bounty they'll never get.
But i wish the best of luck for you man and i wish you'll strive to succeed
Especially when some issues aren't fixable that easy. Better believe that. They need an effective solution to maintain their Turkey based users without potentially hurting them and making them feel left behind or at any disadvantage. Did the same for Canva and if i'm correct, last time it showed something like 600 rupees which is basically less than $8 so i think OP is sharing something of heavy value and doing an incredible job inspiring the creative juices to all the members on the forum reading this post. These opportunities are everywhere
