Originally Posted by
martin0siddle
Which service are you refering too? The only "instant exchange" BTC->USD payment gateway i used in the pass would take huge fees as in 10% fees and they would NOT pay in moneybooker as exchanging bitcoin to moneybooker is agaisnt moneybooker rules, they can close up your MB account if they find out. Same goes with Paypal..
What you refer to "using bitcoin to buy vpn" is not a Exchange service(I doubt it is). What happend is that the company, which provide the VPN service have ALOT of customer that want to use Bitcoin! Lets face it, why would someone buy a VPN its to be anonymous. So, of course, they will accept bitcoin...many also accept ltc, nmc, and so on... and they convert the price on the spot yes. But they receive bitcoin, and value the bitcoin in USD at the time of checkout, but they receive bitcoin.
The vpn company, cashout their bitcoin every X days... when you receive ALOT of bitcoin it is worth it! It is actually well worth it, because VPN customer want anonymity, so they get much more clients.
But, a VPN company would not take bitcoin if they only had 1-3 customer a month that would pay in bitcoin, I am pretty sure we look up their bitcoin wallet address on blockchain and we will find out they received thousand's of transactions every month.
I dont think many people would use bitcoin on this forum, most of people on this forum are 45yo+ mongers who don't know how to use a iphone.
Clientele of this forum and of a vpn service is much different.
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