Nostr Web Client

Replying to

Neo ⚡️

Bitrefill does not overcharge, you pay 1:1. But you're right some other companies do.

idsera 2y ago

Are you sure? I tested in the past and the spread was higher.

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Discussion

Neo ⚡️ 2y ago

Checked before my post, didn't find a spread.

idsera 2y ago

I will test again so. Thanks.

idsera 2y ago

I tested now and the spread is 9%.

fiatjaf 2y ago

I think nostr:npub1lyqkzmcq5cl5l8rcs82gwxsrmu75emnjj84067kuhm48e9w93cns2hhj2g is being tricked because he is believing the Bitcoin price Bitrefill is showing him. The cards may have no markup, but the intrinsic Bitcoin price they use to do the conversion is fraudulent. I don't know if this is the explanation, but could be. That's how many of these loved "Bitcoin-only" companies trick people.

idsera 2y ago

Or maybe the spread is different for different giftcards and countries.

fiatjaf 2y ago

Or maybe they only show you the real spread on your second purchase.

Neo ⚡️ 2y ago

I use them on a daily basis, so this can't be the case.

Neo ⚡️ 2y ago

Nope, $50 Apple Gift card costs right now 0.00183717 BTC at Bitrefill = $49,96

idsera 2y ago

Ok, so probably the overprice is only for developing countries.