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Someone explain this to me please

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BITB:2LZmarW9aubzZ9zcGhFjF1SgzpdAuZDjGy
Someone explain this to me please 2017-07-15 09:06:32 Post No. 347163
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Someone explain this to me please BITB:2LZmarW9aubzZ9zcGhFjF1SgzpdAuZDjGy 2017-07-15 09:06:32 Post No. 347163 [Report]
This is my first time with this cryptocurrency trading thing so please forgive my ignorance

I want to buy 300ZAR worth of bitcoin from a guy but now "It costs you $1.52 for each dollar"

Does that mean for every dollar(13.04 ZAR) I have to pay an extra $1.52(19.82 ZAR)?

please explain, I don't think I have that amount of money
>>
Anonymous 2017-07-15 02:44:13 Post No.347352
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Anonymous 2017-07-15 02:44:13 Post No.347352 [Report]
>>347163

As I see it:
Say you want to trade 100 dollars for bitcoins, you then have to give 100 * 1.52 = 152 dollars for 100 dollars worth of bitcoin. That's where the seller gets his profit.
Since Cryptocurrency is free and unregulated he can charge you anything he wants and you can ether accept or forget it, that's the bad side of that freedom.
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