Group buying bitcoins

[bosshyip]

I had a thought that if you have a fixed cost way of transferring money overseas you could pool with other people to make the individual cost lower.

For instance at check2btc (one of my sites -full disclosure)  https://sites.google.com/site/check2btc/move-money -

The fixed costs are conversion fees and sending the bank checks. Instead of one person paying $20 you could have 10 people who pay $2.

This would need something like a groupon where if you get enough people to sign up for a deal they get a massive discount.

Would group buying like this be a valuable service for bitcoins?

Example-wire transfers. If 20 people send 1 wire transfer to mt gox they would each only have to pay a $5 receiving fee there.

Groupbtc ftw.

If we have an agent in each country who collects money at their bank and does 1 wire transfer when there are enough deposits it would be a unique service. If the agent gets shut down another would pop up. The agents would probably need to pay some form of bond or have a high wot rating.

[sugarchrisp]

Most people who are buying large amounts of bitcoins aren't going to care about the small transfer fees between exchanges.  I wouldn't trust it either, personally, and I'm a total cheapskate.

[UNBANK]

Group buying of bitcoins can be a collaborative way to invest in cryptocurrency. However, it's important to note that UNBANK primarily supports individual buying and selling of bitcoins, ensuring a secure and seamless experience for individual users. Group buying arrangements often involve pooling funds with others to make a larger purchase, which can add complexities and potential risks. If you're considering such an arrangement, it's crucial to establish clear terms and trust among all participants.