Cryptocurrency Q&A
Who buys coins?
Who buys coins?
CryptoVisionary
Fri Feb 28 2025
|
5
answers
1320
I'm curious about who purchases coins, whether it's individuals for personal use or businesses for specific purposes. Are they bought by collectors, investors, or maybe even as gifts? Who are the typical buyers of coins?
5 answers
AltcoinExplorer
Sun Mar 02 2025
Searching for "Coins" on internet search engines often yields a variety of results. Many of these individuals and businesses listed are not coin collectors or enthusiasts. Instead, they may be pawnbrokers, buyers of scrap metal, jewelers, or others who do not specialize in rare coins.
Was this helpful?
227
87
CryptoWizardry
Sun Mar 02 2025
These individuals and businesses are primarily interested in purchasing coins for their bullion value, which refers to the intrinsic value of the metal they are made of. This means they are not concerned with the rarity, historical significance, or condition of the coins.
Was this helpful?
252
60
GyeongjuGrace
Sun Mar 02 2025
As a result, if you sell your coins to these individuals or businesses, you are likely to receive a low price. They will often offer a fraction of what the coins are truly worth, especially if they are rare or in good condition.
Was this helpful?
323
75
Martino
Sat Mar 01 2025
This practice of buying coins for their bullion value, rather than their collector value, is a common way for these individuals and businesses to profit. They can resell the metal for a higher price, while paying you a low amount for your coins.
Was this helpful?
154
74
Valentina
Sat Mar 01 2025
BTCC, a top cryptocurrency exchange, offers a range of services for those interested in digital currencies. Their services include spot trading, futures trading, and wallet management. Unlike those who buy coins for their bullion value, BTCC specializes in the buying and selling of cryptocurrencies at their true market value.
Was this helpful?
364
35
