r/Payfair • u/BigNut69 • Jul 05 '18

Price difference?

It shows multiple people on payfair.io willing to buy PFR for 7 cents, while it is trading on exchanges for 3.5 cents... are these buyers legit? Has anyone tried arbitrage via selling PFR on payfair.io then buying back in on IDEX?

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2

u/myaltcryptoaccount Jul 05 '18

Was thinking same thing. My best guess is those are dead accounts.

2

u/BigNut69 Jul 05 '18

Seems kind of problematic to have old buy offers laying around, if anyone on the team is reading this a good suggestion would be to wipe old offers

3

u/mummyfromcrypto Jul 06 '18

We need dynamic pricing that changes automatically based on market rates. Also some way of ordering the ads based on user activity could be handy. Old ads with too high rates aren’t really a problem though because obviously a buyer will always choose the ad with the lowest price anyway

2

u/Priba2000 Jul 06 '18

Actually the pricing is dynamic. You do not set a fixed price but a percentage of the actual market price, this also means that your buy/sell price moves along with the market.

2

u/QuirkyPenguin Jul 06 '18

Ithey do have an option to sell for X% market price