Author

Topic: How does trading Bitcoins work on localbitcoin.com (Read 637 times)

legendary
Activity: 3472
Merit: 4794
If you are dealing with online bank tranfers are they secure? Or is the information you input likely to get stolen.

Are you buying, or selling?

Personally, I find that selling bitcoins for a bank transfer is FAR to risky.  To much chance that the buyer will contact the bank and reverse the transaction after they have the bitcoins.

Buying bitcoins with bank transfer is far less risky.
legendary
Activity: 1190
Merit: 1000
no need to carry heavy money bags anymore
I used localbitcoin in past and it worked fine. Just stick to traders with good reference and lot of confirmed trades.
Deal only with on-line traders, and read their conditions ( payment method, which bank ...)

you can also interchat (thats why with on-line trades only) and get some info about how long it takes etc.
full member
Activity: 196
Merit: 101
as I think when you use localbitcoins.com you can meet  the guy you want to trade in person which minimizes the chances of getting scammed Wink

do the exchange hand-to-hand and you have nothing to be afraid of Smiley
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
If you are dealing with online bank tranfers are they secure? Or is the information you input likely to get stolen.

You should be fine, but they're only really as secure as you are.
hero member
Activity: 602
Merit: 500
If you are dealing with online bank tranfers are they secure? Or is the information you input likely to get stolen.
Jump to: