How many people buy or sell Bitcoin locally - page 2.

adicted

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Quote from: Jet Cash on January 01, 2016, 05:13:21 PM

It looks as if buying Bitcoin over the net is fraught with risks, and reputable traders seem to have wide spreads. The obvious solution would be to buy Bitcoin through a local face-to-face contact. Have any members of this forum done this?

Yes it was done already on this forum specifically on the currency exchange section. I saw some thread there buying bitcoins and is willing to transact face to face. I also have my own experience of trading in real life with a Facebook friend. I sold him some bitcoins and we decided to do a meet up for a much secure transaction as a quite big amount of bitcoin was involved. I'm glad it was a successful deal.

crossabdd

legendary

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in my local exchanger (online) more than 1000+ people know and trade bitcoin (some of that not active people) , bitcoin in my country is very popular but the big problem is bitcoin regulation, also very little merchand who accept bitcoin as payment, i hope in future more bitcoin merchand accept bitcoin

phonebased

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Quote from: Moneyburner on January 04, 2016, 09:59:23 PM

Buying online from a reputable trading site isn' t really any more risky than face-to-face. There are many things that can go sour in a face-to-face deal that don't make it perfect.

You need to develop some tactics to avoid being scammed. Like never trust exchanges, once done the trades, withdraw money to the wallet under your control! Face to face trading, you need to go to public places and will be safe.

Moneyburner

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Buying online from a reputable trading site isn' t really any more risky than face-to-face. There are many things that can go sour in a face-to-face deal that don't make it perfect.

Duomo

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☃

Unfortunately, where I am live localbitcoin selling is noncompliant and illegally. Would I sell and buy bitcoins locally? Yes! Absolutely with trusted sellers. Grin

djroadking

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Thanks for mentioning LocalBitcoin... Found that there's a btc atm in Lexington Ky! I'll have to go see it in person tomorrow if I have the time!

btckold24

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★Bitvest.io★ Play Plinko or Invest!

I always use local bitcoin and meet up locally anytime I buy more than 1 bitcoin. I think its just safer to
meet someone in person at a public place and have never had a problem.

On the other hand I have been scammed just doing it online so its the safest imo. Just bring your phone/laptop
and do the transaction right there.

Jet Cash

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https://JetCash.com

If you do the deal over a cup of coffee in a place like MacDonalds, the whole transaction would be recorded on video. I think that would be a good safe option, as I don't have anything to hide. I'd prefer to pay by instant bank transfer rther than cash, saves them thinking it's a drug deal.

BurtW

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All paid signature campaigns should be banned.

I never had any problems or issues buying or selling Bitcoins for cash in face to face transactions at a public coffee shop unless they were undercover cooperating witnesses, confidential informants or agents for homeland "security".

As long as you make sure you are not dealing with LE or people under the thumb of LE you will be OK.

SmartIphone

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Quote from: Jet Cash on January 01, 2016, 05:13:21 PM

It looks as if buying Bitcoin over the net is fraught with risks, and reputable traders seem to have wide spreads. The obvious solution would be to buy Bitcoin through a local face-to-face contact. Have any members of this forum done this?

It's not actualy a big deal, dealing with someone face to face, you just meetup and deal.
If you have a mobile wallet you can easily transfer the bitcoin there, if not maybe a laptop should be required.

croato

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1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

In Croatia, we still dont have lot of Bitcoin users, so i mostly buy or sell Bitcoins online or at BTM machine in place where i live. Hope that will change cause we are mostly touristic country so more adoptance would do good to us and Bitcoin it self.

jethrorn99

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In here (Indonesia), bitcoin users are rare, so I can only do transaction of buying and selling by internet. Sad

Imoote

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Quote from: Jet Cash on January 01, 2016, 05:13:21 PM

It looks as if buying Bitcoin over the net is fraught with risks, and reputable traders seem to have wide spreads. The obvious solution would be to buy Bitcoin through a local face-to-face contact. Have any members of this forum done this?

Whether it can buy bitcoin with face-to-face?
As far as I could do with a face-to-face are transactions such as buying goods directly with bitcoin. If purchased online bitcoin should in my opinion can not be the face-to-face

thirdchance57

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Quote from: yenxz on January 01, 2016, 08:45:09 PM

So many people do local bitcoins transaction,they trust each others,and i also do it,local transaction make feel comfort and worry less.and i can get better fee and bitcoin price.

I agree with this if this is something you do locally with people you know. Where I am from, I can not throw a stone and hit someone with it that knows what Bitcoin is let alone how to use it. But I do have the question for you as to how you do this locally, Paper wallet, phone app or computer transfer?

yenxz

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So many people do local bitcoins transaction,they trust each others,and i also do it,local transaction make feel comfort and worry less.and i can get better fee and bitcoin price.

thirdchance57

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★Bitvest.io★ Play Plinko or Invest!

You can buy them face to face as you can over the internet. You are faces with more of a risk when you do it in person because you do not know who you are dealing with and you could be taken for all you have in your wallet. Person to person is a physical risk, where internet is a risk to just be scammed. Again, only my opinion.

Palinanv

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Not me. I heard doing that is extremely dangerous. Sometimes you get undercover cops.

gentlemand

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Welt Am Draht

Face to face meetings often seem to attract truly vast premiums. As long as you're using an online service with a very good and lengthy track record it's going to be cheaper, faster and safer.

BurtW

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All paid signature campaigns should be banned.

Buying and selling on localbitcoins.com is a great option as long as you are responding to an ad that someone else placed (you are the "customer").

If you place an ad that is a whole other ball game. If you live in the US they can charge you with "operating a business without a licence".

See my story (search BurtW here on the forums or click on the links in my signature). Placing an ad on localbitcoins.com cost me almost $300,000 in legal fees and federal forfeiture, 1 night in Denver county jail and 3 days and 2 nights in solitary confinement in a Federal facility.

The Federal jail had much better food than the County jail.

bitcoinmar

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Quote from: Wapinter on January 01, 2016, 06:30:28 PM

Quote from: Etoiliste on January 01, 2016, 05:39:31 PM

it's hard to do it in my country because there is not many bitcoin users and the bitcoin sellers can be counted bye a hand

Thats is the case with me also.I would prefer to buy it locally to meet the seller in person but unfortunately there are very few people involved in btc trade in my country and that few too are distance apart from me

This case with many users here on this forum because in developing countries not many users have these resources that they can sell or buy locally in my city I never met with any bitcoiner just because of this mostly I sell buy on this forum or local bitcoins with escrow service and never cheated

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