Author

Topic: Explain the process of bank transfer with localbitcoins (Read 397 times)

legendary
Activity: 1284
Merit: 1001
If you sell to one of the traders who's been there for a long time and has feedback from 100+ people you're as safe as you can get.
hero member
Activity: 532
Merit: 500
Currently held as collateral by monbux
I've searched around and found out the process and thanks for the replies everyone. Although I don't know if it's worth the risk of dealing with someone who I don't know and they could be paying with stolen fees. is there any security enforcement on this?
legendary
Activity: 1974
Merit: 1029
create account.
make the people deposit to your account.
then you don't have to worry about anything.

Unless the funds come from a stolen account, or an ATM cash deposit is actually an empty envelope.
member
Activity: 79
Merit: 12
create account.
make the people deposit to your account.
then you don't have to worry about anything.
hero member
Activity: 532
Merit: 500
Currently held as collateral by monbux
I'm looking to sell some of my bitcons at localbitcoins but i dont have the knowledge of how a bank trasfer works. what information would i have to give to the other person? I don't want to end up giving away sensitive bank information. Any one explain the process and the things i have to give to the other person?
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