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Topic: How many people buy or sell Bitcoin locally - page 3. (Read 2756 times)

legendary
Activity: 2674
Merit: 1026
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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
legendary
Activity: 1302
Merit: 1027
actually face to face is not exempt from risk, see burt story, i prefer to deal with exchange, because they do not put 5% more on their selling value

also it's arguably faster(if you do it in the morning) and more confortable

what you told is perfectly correct, face to face meeting and selling or buying is not at all safe, it all depends on where you are dealing and how you are dealing, because i also have seen so many storys coming about face to face trading and then got scamed. it is much better to do with exchanges like i have done with localbitcoins.com site where they hold the bitcoins in escrow and after getting payment the seller have to release the bitcoin . so it is more safe.
newbie
Activity: 1
Merit: 0
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?

I have buyed locally two times and I think it's the best option!
full member
Activity: 141
Merit: 100
I've done several face2face meetings, even with peoples who revealed itself as nasty afterward.
Summary: Take care but don't fear a meeting if you aren't weak & naive and you don't tend to underestimate peoples. Even most freaks and sociopaths are looking for smooth bitcoin<->cash trades whilst doing their dirty work itself at home stealthy.
legendary
Activity: 3248
Merit: 1070
January 01, 2016, 05:49:57 PM
#9
actually face to face is not exempt from risk, see burt story, i prefer to deal with exchange, because they do not put 5% more on their selling value

also it's arguably faster(if you do it in the morning) and more confortable
hero member
Activity: 588
Merit: 500
January 01, 2016, 05:47:33 PM
#8
LocalBitcoin seems like a great exchange if you know the individual but it is illegal in the state I live in. I wouldn't risk it. I just use federally and financially legal Bitcoin Exchanges.
legendary
Activity: 2744
Merit: 2462
https://JetCash.com
January 01, 2016, 05:43:11 PM
#7
I wasn't going to advertise on craig's list. I thought an ad in the local newspaper shop window. Smiley
member
Activity: 98
Merit: 10
January 01, 2016, 05:39:31 PM
#6
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
legendary
Activity: 1400
Merit: 1001
January 01, 2016, 05:35:56 PM
#5
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 it still better and safer to buy bitcoin online from reputable exchange  than seeking direct p2p trade imo, my main concern are security reasons.
I know that there are honest traders out there, and reaching out to someone with hundreds of live trades done is probably safe but I still wouldn't do that for large number of coins.
In the future where we will have bitcoin wallet in every smartphone this won't be an issue.
legendary
Activity: 3458
Merit: 6948
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January 01, 2016, 05:25:12 PM
#4
I would be scared to actually place an ad on a site like Craigslist wanting to buy or sell btc--there are so many freaks running about in society these days.  But I agree with OP, it does seem like the best way to do it.  Meeting at a Starbucks or something like that would be a great idea and I think is probably the nicest and best way to build trust.  And you'd get to actually meet another human being who uses bitcoin.
full member
Activity: 224
Merit: 100
January 01, 2016, 05:21:35 PM
#3
i was thinking about it though not a lot of people are interested in my town
legendary
Activity: 854
Merit: 1000
January 01, 2016, 05:18:45 PM
#2
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 I have done it but it was my brother who sold his bitcoins to me Cheesy I agree that buying face to face would be safe and instant for both parties
legendary
Activity: 2744
Merit: 2462
https://JetCash.com
January 01, 2016, 05:13:21 PM
#1
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?
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