Never bought gold with btc, how does it work?

Do you just buy some btc, send it to seller's wallet or whatever, and they instantly sell it back?

One question in particular I have is do you ever gain/lose money due to the price changing between when the buyer buys and the seller sells it back?

 

Pretty much it, but most ''big'' seller buy 3-20+B in a single trade, so not really ''instantly''

Always, but normally you try to time your GP buying (You don't buy GP when BTC dropped 8% in the last 2 hours for example, except if you have a really good price on the GP)

07GP and RS3GP are really stable, (except when someone dump large amount) so you can ''hold'' your value without risking the crypto market.

 

Personally keep around $2000-$10,000 in Bitcoin for buying and selling gold and usually cash out about $5K at a time when it goes over $10K balance. Exchanges such as Coinbase Pro and Binance let you cash out for very low fees.

 

Yes, due to high volatility with cryptocurrency you may sell 10B OSRS for example $4500 and 10 minutes later only have $4200