Buy/Sell NuBits with a bank transfer

ttutdxh · August 17, 2015, 9:13pm

I was considering the entry barrier to using NuBits, and if I would like to buy NBT right now, I would have to know and use BTC or another crypto.

Why can’t I skip that part?

I am ready to take SEPA bank transfers from any part of Europe and send NuBits same working day. If anyone is interested in doing escrow, please come forward.

Any thoughts/suggestions?

desrever · August 17, 2015, 9:14pm

mmm we used to have the https://bittylicious.com/ option, but I am not sure how that ended

ttutdxh · August 17, 2015, 9:23pm

Well, right now that method seems unavailable

Seems like they do not work with any of the exchanges where Nu has liquidity on.

willy · August 17, 2015, 9:25pm

@woolly_sammoth was the “exchange” in that case. Dunno how it turned out though.

You can check out ccedk.com and buy NBT with fiat (EUR/USD if I recall correctly.)

ttutdxh · August 17, 2015, 9:36pm

Yes, but then I would have to register, make a deposit request, make the actual trade, withdraw, etc.
My point is that there is market for this kind of transactions that we might be ignoring, just look at https://bitcoinity.org/markets/list , btce volume is similar to localbitcoin’s

Just to be clear, I know and use CCEDK among others, but I find it too difficult and even “technical” for a newcomer. I would like to see Nu as something that you do not need to explain to someone new to crypto. Something like you send USD, you get the same money in that App, and you are done and can use it.

willy · August 17, 2015, 9:45pm

I think a quick, easy and decentralized way to overcome this would be Openbazaar.

Can’t wait to see it fully operational.

woolly_sammoth · August 17, 2015, 9:55pm

Bittylicious is still operational, it just needs some funds added to it.
I had funds there for several months and only ever had two purchasers. I then needed the funds elsewhere so removed them from the site.
I have 150 NBT available now and will have more in the coming days. If you are interested @ttutdxh, I can fund the Bittylicious account and let you make the purchase there?

ttutdxh · August 17, 2015, 10:07pm

Thank you, but I do not want to make a purchase, I am offering myself to sell NuBits given that there is so little options for buying NBT directly.

woolly_sammoth · August 17, 2015, 10:08pm

Ah, I misunderstood.

If you have NuBits to sell you could register as a seller on Bittylicious. That way we can keep some balance on the site and hopefully drive business towards the service.

Nagalim · August 17, 2015, 10:12pm

We could reward ttutdxh (can I call you tut?) for being a seller and pay something like 1 kNBT/year for 1 kNBT sell side liquidity for 6 months?

mhps · August 18, 2015, 1:31am

Can’t you transfer money by SEPA/Swift/bank transfer to CCEDK and buy NBT w/o going through BTC?

How about what I suggested here

Enable easy selling/buying Nubits with e-currency USD

Method 3. Providing code that sells/buys Nubits with e-currencies

…

All major payment processors have APIs (Payeer, webmoney , OKPay, PerfectMoney …) so if Nu provides wrapper interfaces to handle fiat payment/reception, any server can be set up to sell Nubits to customers in essentially three steps:

customer enters Nubits address and e-currency USD (for example by entering a PerfectMoney e-voucher code, or by pressing a pre-made OKPay payment button);

server verifies that fund has arrived at own PM account;

server sends Nubits to customer’s address

and buy Nubits from a customer as easily:

customer enters a payment processor account number and amount NBT to sell;

server gives a Nubits payment address of own Nubits wallet (with QR code);

customer sends Nubits to the address;

server verifies Nubits payment has arrived and sends fiat from own account to the account provided.

The final result web interface can be simple like this or this or more sophisticated like this.

The code plus a nubits wallet is so lightweight it can be deployed anywhere – on a personal page, on a disposable droplet, on a Raspberry pi…

There is no exchange rate risk nor exchange default risk that plagues Nu LPC operations. It is decentralized and trustless for liquidity providers, too.

The customer doesn’t have to register. It’s like roll-your-own shapeshift with fiats. The code is simple with Nubits because there is no need to have an exchange rate feed for conversion.

nmei · August 18, 2015, 12:54pm

Method 3…

I think this is a great idea. I was thinking about it last night. Plenty of exchanges accept a number of e payment solutions.

Wish we could get around the paypal conundrum though. That would open it up to the US pop at large.