Buy btc with cash - page 2. | Bitcointalksearch.org

tomuu3

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Quote from: R2-D2R2 on May 22, 2019, 08:10:13 AM

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?

Yeah, it's possible to buy cryptos without banks. But it's very dangerous as there is a high probability that the dealer will just fool you and take your money. Cryptocurrency exchanges like cex are safer in this regard, and you can buy Bitcoins there with your cards, https://cex.io/buy-bitcoins, or bank transfer.

wxxyrqa

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Quote from: shulc7 on May 29, 2019, 03:47:29 PM

Quote from: kamilah147 on May 24, 2019, 09:35:08 AM

I think you need to be careful especially if you buy btc in large quantities. I suggest waiting for 2 confirmations

You should better avoid these suspicious deals. Yes, you can be offered more than you get on an exchanger but will be you given the guarantees that everything will be honest? Stay away from these things.

I have repeatedly been convinced that there are quite a few scammers on the cryptocurrency market. This is a good way to make money for unscrupulous people. Based on this, I prefer to use only proven resources that have a certain rating and authority.

shulc7

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Quote from: kamilah147 on May 24, 2019, 09:35:08 AM

I think you need to be careful especially if you buy btc in large quantities. I suggest waiting for 2 confirmations

You should better avoid these suspicious deals. Yes, you can be offered more than you get on an exchanger but will be you given the guarantees that everything will be honest? Stay away from these things.

el kaka22

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Quote from: R2-D2R2 on May 22, 2019, 08:10:13 AM

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 would say 1 confirmation is more than enough but if you really want to make sure just check out your own wallet and see the money there. If you see the money on your own wallet then there is no need to wait, some wallets accept 1 confirmation but there are plenty of them that wait until 6 confirmations which may take a lot of time but if the seller spends a decent amount of transaction fee then it shouldn't take more than couple hours at most and in which case you can have like a lunch or dinner or whatever together and talk about bitcoin. So, the short version is yes 1 confirmation is enough the long version is wait until you have the coins in your wallet to spend (which could be as much as 6 confirmations). It all depends on how much you trust your wallet and the seller.

joshy23

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Quote from: Kiweikoo on May 28, 2019, 12:56:02 AM

Where I live there are local exchangers that you can sell or buy Bitcoin from, as well as Ethereum and Litecoin. Whenever I'm selling BTC to them, they don't even need any confirmation, I just send it and they check the address on blockchain and then give me cash or do a bank transfer. Same thing applies to when I'm buying BTC from them, I don't even wait for any confirmation, I just check address and that's it, within few minutes it will be confirmed and most of them times they make use priority fees to send it so they it will be confirmed within few minutes, it only takes long to confirm when they make use of regular fees, like one hour.

Good for you so you wont need to worry about those long time wait, things is much quicker if you will pay those miners fee for quick transactions
maybe for this kind of transactions as its concerned about huge amount, paying the miners fee will add some confidence to received your purchased coins much faster.

Kiweikoo

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Where I live there are local exchangers that you can sell or buy Bitcoin from, as well as Ethereum and Litecoin. Whenever I'm selling BTC to them, they don't even need any confirmation, I just send it and they check the address on blockchain and then give me cash or do a bank transfer. Same thing applies to when I'm buying BTC from them, I don't even wait for any confirmation, I just check address and that's it, within few minutes it will be confirmed and most of them times they make use priority fees to send it so they it will be confirmed within few minutes, it only takes long to confirm when they make use of regular fees, like one hour.

Cherylstar86

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Quote from: CryptoBry on May 27, 2019, 12:55:35 AM

Quote from: R2-D2R2 on May 22, 2019, 12:35:52 PM

Well im putting down 65000$ so kinda worried Roll Eyes

That is a lot of money so I understand why you are really cautious over the sale. What I know is that just one confirmation is enough for the transaction to be completed but exchanges usually wait for more before you can do something with your bitcoin. Just like what others are saying here, transacting with that big amount of money can be so risky but then if it went through then it is okay.

I do exchange when it has huge of assurances in return, because exchanging is too risky and have to be aware the consequence in order to evade from loses. It usually used by many who has lack of fund in btc , so I think exchange is liable way to abrupt btc appropriably.

Natalim

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Usually my exchanges would require at least 3 confirmation before they will credit my deposits, so maybe don't just settle in one confirmation, more confirmation is more safer and actually it don't require a lot of time as once transaction is already confirm, the waiting time will be lowered.

CryptoBry

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Quote from: R2-D2R2 on May 22, 2019, 12:35:52 PM

Well im putting down 65000$ so kinda worried Roll Eyes

That is a lot of money so I understand why you are really cautious over the sale. What I know is that just one confirmation is enough for the transaction to be completed but exchanges usually wait for more before you can do something with your bitcoin. Just like what others are saying here, transacting with that big amount of money can be so risky but then if it went through then it is okay.

Nellayar

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Quote from: R2-D2R2 on May 22, 2019, 08:10:13 AM

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 did not buy bitcoin when I want to invest. I got my bitcoin in participating bounty campaigns which gave me some of my sources. I don't want to buy becauss that is my motto. I will never in cash cryptocurrency but instead I will always withdraw money.

R2-D2R2

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Thanx guys for the advice, i prefer to wait 2 confirmations . And do small trades first like 1/6 then meet another time during the day

BitBustah

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Quote from: el kaka22 on May 24, 2019, 01:37:55 PM

Quote from: R2-D2R2 on May 22, 2019, 08:10:13 AM

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?

There are some places that started selling "bitcoin cards" if I am not wrong, they are on some sort of grocery store type places in our country (think of wallmart as a global example) and right on the cashier place there is bitcoin cards just like apple store cards and psn store cards, that seems like a great way to buy bitcoin.

I don't know how they do it and I don't know how it works since I haven't bought it and since the price of bitcoin keeps changing all the time I am not sure how much they are willing to sell it for since if the price goes up they would profit more from just keeping those cards but in the end those type of products will make sure you are making a profit. Bitcoin atm and localbitcoin is still the clear favorites of course in this scenario.

I think you just redeem the card on their website and whatever the price is at the time of redemption is the conversion rate that you receive.

akram143

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★777Coin.com★ Fun BTC Casino!

Bitcoin is definitely critical to buy in any situation but if you have the cash in your hands you can definitely by without help and you can directly buy Bitcoin using Your Hands by the contact so it will be definitely is there for everyone who had no bank accounts are wallets very quickly.

kodtycoon

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with just one confirmation, in my opinion it's enough if indeed the fees entered are not too low, besides i think there are local exchanges that will make it easier for you to buy btc which of course you will feel comfortable and not too worried about transactions that are not confirmed

el kaka22

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Quote from: R2-D2R2 on May 22, 2019, 08:10:13 AM

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?

There are some places that started selling "bitcoin cards" if I am not wrong, they are on some sort of grocery store type places in our country (think of wallmart as a global example) and right on the cashier place there is bitcoin cards just like apple store cards and psn store cards, that seems like a great way to buy bitcoin.

I don't know how they do it and I don't know how it works since I haven't bought it and since the price of bitcoin keeps changing all the time I am not sure how much they are willing to sell it for since if the price goes up they would profit more from just keeping those cards but in the end those type of products will make sure you are making a profit. Bitcoin atm and localbitcoin is still the clear favorites of course in this scenario.

kamilah147

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I think you need to be careful especially if you buy btc in large quantities. I suggest waiting for 2 confirmations

mersal

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Quote from: 1Referee on May 24, 2019, 06:30:59 AM

Stale blocks are somewhat of a risk though, so there is no absoluteness when your transaction has only 1 confirmation. If the transaction value is on the lower side, there isn't much to worry about, but when you're dealing with large value transfers, definitely make sure to pocket that second confirmation before you walk away.

So it is possible to get our transactions get cancelled even after we see one confirmation on the blockchain network?

I thought it was impossible to cancel the transactions once it got a single confirmation.

1Referee

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Quote from: leowonderful on May 22, 2019, 04:01:18 PM

I don't see news or articles about people being robbed in Bitcoin transactions very often, but that risk is always present.

Last year there was a flood wave of news articles about people who got robbed off their coins or cash. I'm sure that most cases don't even make it to the news because the amounts concerned are too small. Don't forget, the higher the price is, the more incentive criminals have to chase after local buyers and sellers of coins. Risk increases day by day.

Quote from: rijaljun on May 22, 2019, 06:16:16 PM

I think 1 confirmation is enough to say that your Bitcoin is coming to your wallet, there will be no cancellation since it's already approved and put to the chain. You just need to wait miners to confirm your transactions and then your will received it on your wallet.

Stale blocks are somewhat of a risk though, so there is no absoluteness when your transaction has only 1 confirmation. If the transaction value is on the lower side, there isn't much to worry about, but when you're dealing with large value transfers, definitely make sure to pocket that second confirmation before you walk away.

radjie

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Quote from: R2-D2R2 on May 22, 2019, 08:10:13 AM

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?

yes, it's better to be patient to wait for 2 confirmations, because after 1 confirmation after that the transaction cannot be canceled. currently there are many types of local exchanges that accept payments using debit cards and this of course can make it easier to make bitcoin purchases using cash from a local bank account that you have

Genemind

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2-3 confirmation would be enough since it's necessary for securing your transaction. There are merchants who accepts cash to in exchange of Btc. This is bringing a lot of convenience for those who want to purchase bitcoin using their fiat. Sometimes you would only be doing it once. When you got your profit out of your online funds, you could purchase coins through your btc.

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