I'm Confused about selling NP$ to bank...

[MinionDH]

I'm Confused..

Suppose you sell a domain to someone at this forum for 425NP$ (.02 x 425 = $8.50). Then you head over to NP$ Exchange and sell back your NP$ for cash. According to the Bank Price you only get $0.012 per NP$ or $5.00. So basically you're only getting a portion of your profits. Am I missing something?

 

[ahtum]

no thats the way . but you shouldn`t sell to the bank . you should sell to other members by posting your np$ for sale . link .

cheers

p.s selling to other members may take some time

 

[Ronald Regging]

My plan is to ultimately acquire enough NP$ to be able to register a new domain. I have a long way to go.

 

[jeter4982]

Suppose you sell a domain to someone at this forum for 425NP$ (.02 x 425 = $8.50). Then you head over to NP$ Exchange and sell back your NP$ for cash. According to the Bank Price you only get $0.012 per NP$ or $5.00. So basically you're only getting a portion of your profits. Am I missing something?

Ya, basically the bank is just there to keep the market price of NP $ somewhat steady, and ensure that NP $ always have a cash value. As ahtum mentioned, you will get a lot more monetary value when selling NP $ to other members for either services or cash, or always just keeping them to register domains...

Tom