How to make decent money buying up bitcoins cheaper than market price

In this tutorial I will show you how to make money on bitcoins, no matter what value they have at the moment.  Unfortunately, we will need an investment here. The more cash we have to invest the better. Of course, we can start with as much as $500.

What is it all about?

We will buy up bitcoins on the Localbitcoins website. This is such an Ebay but for BTC traders. Summarizing the whole method in one sentence - we will buy up BTC at a price lower than the current market price of a given day by about 4-6%. This 4-6% is like our commission, for the fact that we offer a quick payment with chosen method.

Step by step what you will need:

- first we have to set up an account on Localbitcoins -  verify yourself in all possible ways, i.e. phone number, ID, it arouses trust of potential customers.

- we also need any payment processor for example - moneygram, vanilla, paysafecard, skrill, bank account (you have to choose the one you like or already have)| to pay for bitcoins

- we also set up an account on the other exchange, where we will sell bought bitcoins immediately after they show up on our Localbitcoins wallet, I recommend the Bitbay . We will sell BTC for USD or any other currency used in your country

Once we have all accounts created and verified, it's time to put our offer on Localbitcoins. Click "Post a trade" at the top and fill in the form:

At the beginning, our margin should be set to 4%-6% to gain customers and positive feedback. As everywhere (on Ebay too), the beginning is difficult, you can get some positive comments by doing a transaction with some of your friends who have just some bitcoins for sale.
You will probably ask why people should lose these 4-6% of the value of btc and sell them under market price at Localbitcoins. The reasons may be different - they want to sell BTC for specific payment processor, they want to remain anonymous. There may be many reasons, that's why buyers make really big money flipping bitcoins at Localbitcoins.

Transactions security

Security on Localbitcoins is ensured by the escrow system. How does it work? Someone starts the transaction, his bitcoins land first on the escrow, you get a notification that the BTC is waiting. You send a payment to payment processor and reply via localbitcoins chat that you already paid. Your customer checks his e-wallet and when he see the money he clicks on "release bitcoins" and then btc appears on your wallet in Localbitcoins. Any disputes are resolved by the support, which responds very efficiently and quickly. You should trade with trusted accounts that have some experience (and not registered yesterday) to avoid problems. If there was a transaction and someone didn't click on "release bitcoins" then after writing support and presenting proof of your withdrawal, bitcoins from escrow will still go to your wallet in LB and the fraudster's account will be banned.

Of course, it's not worth keeping the BTC in your Localbitcoins wallet for a long time, because we all know that the BTC rate jumps even by a few percent per day, so we immediately send our coins to  Bitbay where we immediately sell them for normal market price and make the profit.

That's all, good luck!