Topic: Buy btc with cash (Read 627 times)
Do a personal transactions when you buy btc with cash and it can be done wallet scan of qr code of the person whose willing to sell his btc. Cash options is a very safe deals with bitcoin and I don't think there's a possible scam that will happen on that. Be sure to deal only from crypto orientated person.
it might be better to wait for 2-3 confirmations and ensure that btc has entered your wallet. I think this can be a convincing thing if indeed BTTC is in your hands
and what if the state has not yet implemented cryptocurrency, and in some cases there are real bans on the use of Bitcoin? It seems to me that you need to conduct a Bitcoin purchase using online resources, where it is hard to trace your activity using cryptocurrency.
2-3 confirmations would be enough not to worry about your funds but to buy BTC with $65k cash is too risky.
It is better to choose localbitcoins and buy a much smaller amount of Bitcoin at once.
It is better to choose localbitcoins and buy a much smaller amount of Bitcoin at once.
It isn't risky, just do it at a local police station or at a bank. They let people come in and do big cash deals like this all the time. They will even check and make sure the money isn't counterfeit for you. Police are paid with tax dollars to serve the public while banks will do this to help bring you in as a new customer.
Well im putting down 65000$ so kinda worried 
lol that’s kind of big amount so being worried is part of the story I guess 😂😂😂But hope you had already received the bitcoin by now and also maybe you can lock this thread since your questions had been answered .so the spamming will Be prevented on this side
If you want to buy btc with cash it is better to find first a local wallet that could provide you an option to buy bitcoin directly to the application. It is fast and reliable for you to find this type of wallet or trading application for you to avoid scam.
Yeah but I think is late to tell since the post was created month ago mate,but I support your suggestion since this is one of the most helpful from other advices There was one time where I had to wait almost 2 hours for a transaction to confirm just once before me and the buyer/seller could part ways. It wasn't a back log or anything it was just luck where prior to the meet blocks were found quicker and then after the meet the blocks took longer to find.
It's impossible to time hashrate shifts causing block times to slow down, but I have to say that while it's not entirely uncommon, it doesn't happen very often that there aren't any blocks found for 2 hours.In all my years here I have never had to wait for 2 hours to see a block come through for my transactions. In general, some times you get like 3 confirmations in 10 minutes, and some times no confirmation in 50-60 minutes. Luck is definitely a factor.
This is the only issue you might encounter, but 1 confirmation is enough as long as you are trading BTC and not some coins with less hashpower and might be prone to 51% attacks, but even those are rare these days to happen. So you should be safe.
I wouldn't say 51% attack on low hashrate altcoins are rare. There is a lot happening in the altcoin space that news outlets don't pick up, but that doesn't mean that it doesn't happen. 
It's hard to find legit seller of btc using cash payments, but if someone will refer a person make sure to gather complete information to who your dealt with. Cash buying of btc is good only for meet up transactions, but if you wanted to do it digitally there's a lot of local money remittances that you could easily deposit cash transactions. Use a legit online wallet to store cash which you're going for buying btc at exchanges.
I remember years ago before Bitcoin ATMs and before Bitcoin exchanges like Coinbase the only way to buy and sell BTC was locally.
The issue I had was that even though fees were very low, and you only had to include a 10000 Satoshi fee which was like 5 cents back then. There was no gaurantee that the next block would be found in the next 10 minutes.
There was one time where I had to wait almost 2 hours for a transaction to confirm just once before me and the buyer/seller could part ways. It wasn't a back log or anything it was just luck where prior to the meet blocks were found quicker and then after the meet the blocks took longer to find.
This is the only issue you might encounter, but 1 confirmation is enough as long as you are trading BTC and not some coins with less hashpower and might be prone to 51% attacks, but even those are rare these days to happen. So you should be safe.
The issue I had was that even though fees were very low, and you only had to include a 10000 Satoshi fee which was like 5 cents back then. There was no gaurantee that the next block would be found in the next 10 minutes.
There was one time where I had to wait almost 2 hours for a transaction to confirm just once before me and the buyer/seller could part ways. It wasn't a back log or anything it was just luck where prior to the meet blocks were found quicker and then after the meet the blocks took longer to find.
This is the only issue you might encounter, but 1 confirmation is enough as long as you are trading BTC and not some coins with less hashpower and might be prone to 51% attacks, but even those are rare these days to happen. So you should be safe.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I am not sure there is any option for cancel in payment transaction
It was even a risk on the part of the sender or now receiving cash first before sending BTC, most exchanges whether locally or through their online platform would collect their money first and be sure that the fiat equivalent of what the receiver is requesting for is accurate before sending the money, I guess sender just did this in order to win him to his side.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
if you don't want to invest your time without the help of banks then you can definitely buy the Bitcoin for your currency using local traders or local seller of Bitcoin but I cannot completely say it will be a safe methodIs this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Digital money should be better bought online, not with cash. First, it is extremely difficult to find someone who is ready to sell his Bitcoin to a stranger, secondly, the exchanges rates can be better.
2-3 confirmations would be enough not to worry about your funds but to buy BTC with $65k cash is too risky.
It is better to choose localbitcoins and buy a much smaller amount of Bitcoin at once.
It is better to choose localbitcoins and buy a much smaller amount of Bitcoin at once.
If you want to buy btc with cash it is better to find first a local wallet that could provide you an option to buy bitcoin directly to the application. It is fast and reliable for you to find this type of wallet or trading application for you to avoid scam.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I am not sure there is any option for cancel in payment transaction
Once BTC is sent to blockchain, it is veey hard to retrieve it back.
At some point of time it's completely impossible to get back the bitcoins sent to blockchain.
So it's fine when it gets around 1 confirmation.
But to be on safer hand, i can recommend you to use localbitcoins.com to buy bitcoins.
It's really easy and the support also very good to helo you out in trouble issues.
At some point of time it's completely impossible to get back the bitcoins sent to blockchain.
So it's fine when it gets around 1 confirmation.
But to be on safer hand, i can recommend you to use localbitcoins.com to buy bitcoins.
It's really easy and the support also very good to helo you out in trouble issues.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
To be safe you need to wait to get 1 confirmation first, because the transaction might fail and the funds return to the seller if you Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
haven't received a confirmation, make sure that there is an entry funds in your wallet first.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I think you can buy the Bitcoin using the local method to exchange your money and Bitcoin directly without any bank or wallets and it will be also used by lots of people but we need to be careful in all the time. Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
if you don't want to invest your time without the help of banks then you can definitely buy the Bitcoin for your currency using local traders or local seller of Bitcoin but I cannot completely say it will be a safe method Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Depends on it, I think 1 confirmation is fairly early to say it's safe because the transaction might fail. It's better to take the safest point than to lose your money, at least more than 1 confirmation. Usually I receive in 3-7 confirmations in several exchanges that I use.
You should ask for the Transaction ID(TXID). By that you can make sure that the BTC was sent on your BTC address. And you can also confirm it by that.
In buying bitcoin, you should try more buying face to face. You should try meeting up so that the scam rate will be lowered.
In buying bitcoin, you should try more buying face to face. You should try meeting up so that the scam rate will be lowered.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
In my opinion, one confirmation should be enough for you to trust the person that want to sell Bitcoin to you. If the seller is not in a hurry for other activities he or she should wait until the transaction is confirmed before he leaves. If I may ask do it there is no local crypto currency exchange in your locality like Remitano which serve as escrow that you can patronise and have your peace any time any day. Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
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