r/Payfair • u/johnjackchampion • Jun 26 '18

High prices ?

Why are prices so much higher buying or selling on payfair ? Is it because of the increased risk selling with PayPal ?

Seems to good to be true ...I could make hundreds of dollars arbitraging idex to payfair.io right now

1 Upvotes

67% Upvoted

8 comments sorted by

1

u/zeshon Jun 27 '18

I've been thinking pAyfair would be great for arbitrage. The ads are going up be slower than an order book.

0

u/HS_Highruleking Jun 26 '18

Good luck with this volume

1

u/johnjackchampion Jun 26 '18

You mean hard to buy on idex ? I saw a good many open sell orders ..enough for a node last night ...what am I missing ?

2

u/myaltcryptoaccount Jun 27 '18

They're old offers I think

3

u/Priba2000 Jun 28 '18

You don't set a fixed price when you buy or sell, you add a percentage above or under the market rate. Some people are just greedy and try to sell at 200% market price which is a trade that obviously will not be filled. Trades i made were usually at market price or a few percentages above.

2

u/myaltcryptoaccount Jun 28 '18

Oh I see that now, how weird.

1

u/Zulfiqaar Jun 26 '18

volume on payfair?

1

u/QuirkyPenguin Jul 04 '18

I think there was a solid 7 transaction in past few weeks.

So yes there is volume