Reply to post: Re: Auction ? Why not just convert to £ ?

Thanks-thanks to TalkTalk teen hacker: UK cops' first auction of ill-gotten Bitcoin nets £240k

HobbitCZ

Re: Auction ? Why not just convert to £ ?

1) 250k is nothing, daily traded volume is in hundreds millions of USD, so no worries there.

2) Selling on public exchange is a form of auction, there is a line of bids which you can fulfill. They would get circa 20% more this way as this was the auctioneer fee (crazy high btw).

At least I would find someone who will do it for 5% max, as there is a little they have to do to store or deliver the crypto assets.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon