I just did some money selling btc to my paypal on paxful.
I wonder how the buyers provide upto 30% Extra for same amount in PayPal to btc.
Although I got around 24% after all fees including PayPal fees and conversion fees
So I have paid 100 worth of btc and I got around 124$ exact amount to my paypal
On pAxful it seems you set your own rate and sell yourself, so you set your rate at 1.30x, and Paxful took out 6%. And of course you listed as BTC for PayPal, correct?
With Xcoins.io, you can sell (loan) your bitcoin with 15% profits (interest) and the payment will go directly to your Paypal.
With Coinbase, you need to sell your bitcoin for USD and the cash out through Paypal instead of bank account.
Whereas Im looking at xcoins, and it seems you just deposit your BTC and they loan it out for you?
On xcoins, you then are repaid as the buyer repays?
So say I deposit 5k, theyll loan it out, I receive 15% interest and receive my money back as the buyer repays, not all at once, right?
Thanks guys
Ok now im reading xcoins more and it seems like magic so whats the catch?
I deposit btc to my xcoin wallet, xcoins finds a buyer, the buyer sends me the BTC worth + interest in paypal, and thats it, now i have immediately made 15% and can reinvest it right away.
How is everyone not doing this over and over whats the risk/catch that im missing?
I mean say I invest 1k right now once its loaned out thats 1k + $150 profit free and clear no?
And they mitigate chargebacks bc its all paid upfront no?