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[berberguy]

Hello dear BMFers !
I have a question for you ,
When surfing PTC websites , I always stumble across posts saying that you can make decent amounts of money by exchanging cryptocurrencies
It says to deposit a BTC sum on some exchanging Website and exchange for ETH
The withdraw the ETH and exchange it to BTC with a higher price
When I looked one of the exchanging websites that were mentioned , I didn't find it on the forum !
So what do you guys think ?

 

[Balint098]

It's a scam, don't fall for it. There's no easy way to earn money online, and you certainly can't earn money that way. There's a thread here where a member asked the same question and Mr. B identified it as scam.

 

[Wisdom01]

Most of those things are scams , I guess you should do more research about those site before signing up and dont register on exchange sites you know nothing about

 

[SCAMEXPOSER]

The is nothing but a scam , I even thought it exchanging Crypto currency exchange to local currency , this may be lucrative to some people but as for Crypto to Crypto , think twice.

 

[KarthikP]

It is scam. I have read reviews of these fake exchanges in Google and many of them lost their money. It's just dirty tricks to scam newbies to crypto.

 

[Carly205]

The thing is that there are always different strategies to earn money.What you should do is a broad research to find out wether it makes sense or not?

 

[Gingerbreadfork]

Trading crypto P2P is a good way to make some extra money. You can do quite well depending on what payment types you are willing to accept. Anywhere that suggests you can make "guaranteed returns" though is trying to scam you. P2P trading can be a bit of work but it's a great side hustle that turns into a fulltime business for a lot of people. Here's a bit of an overview of some of the ways people go about it:
https://blog.localcoinswap.com/a-guide-to-making-money-with-p2p-trading-in-2020/

 

[Wisdom01]

It's not possible.... I have actually came across those posts several times on ptc sites.

Most times I do ignore those ads on PTC sites ,whenever I see it because some of the advertisers on PTC sites do create scam site to lure user's to invest

 

[Wisdom01]

Yes they do that to make you invest, so they can make profits on you. They don't care if those sites are scam. Not advisable to believe sites on most ptc sites, only few are legit there.

Yeah most ptc are scam and they advertise scam sites also, so its not a new thing seeing those scam site on PTC even on some crypto ad network

 

[leithy]

I think what is being talked about here is arbitrage. You can do it yourselve without having any site do it for you. The main problem is the fee charged between exchanges so does not work for small amounts.

 

[crypworld]

There are many such companies. It looks very enticing, ultimately you will never earn and lose all your money invested in these scams.

 

[SCAMEXPOSER]

Most multiple Crypto currencies wallet like Abra and coinomi allow exchange from one coin to another also coinpot and faucet Crypto micro wallet does that too for people earning Cryptos through faucets.

 

[Josemendez]

Hello dear BMFers !
I have a question for you ,
When surfing PTC websites , I always stumble across posts saying that you can make decent amounts of money by exchanging cryptocurrencies
It says to deposit a BTC sum on some exchanging Website and exchange for ETH
The withdraw the ETH and exchange it to BTC with a higher price
When I looked one of the exchanging websites that were mentioned , I didn't find it on the forum !
So what do you guys think ?

I don't think such claim is legit . you may fall to their scam , however you can use ethereum to by bitcoin in some wallets like luno .

 

[SCAMEXPOSER]

I can only visit exchange platforms for Crypto to local currency and with the Advent of luno wallet that fully supports my country I don't exchange with exchangers again as for Crypto to Crypto it a simple thing to do without any exchangers .

 

[Wisdom01]

I mostly convert from crypto to local currency on buycoins app also , have not seen from crypto to crypto how then do you make profit , i think its scam

 

[Wisdom01]

I mostly convert from crypto to local currency on buycoins app also , have not seen from crypto to crypto how then do you make profit , i think its scam

 

[Josemendez]

I mostly convert from crypto to local currency on buycoins app also , have not seen from crypto to crypto how then do you make profit , i think its scam

It is not a scam . with luno wallet you can buy a cryptocurrency with another cryptocurrency , and you can withdraw to local currency , if it is supported in your country.

 

[Wisdom01]

It is not a scam . with luno wallet you can buy a cryptocurrency with another cryptocurrency , and you can withdraw to local currency , if it is supported in your country.

Am not saying luno or any wallet is a scam , I am only talking of the person that was offering to do the exchange because luno is a very legit site

 

[Wisdom01]

I have seen people fall in those scams and those scammers will be writing words to entice those readers , I haven't seen anything as such you can make more research

 

[Reznov]

i personally know a lot of people that are selling BTC for a profit of 11% or even more in some cases, they buy from people for a lower price and sell for a higher, they always buy from people that are in a hurry for money and want to get funds quickly in their payeer/Paypal accounts