Instead of localbitcoins.com - just buying from friend?

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: Goose7 on December 15, 2013, 09:45:16 PM

Quote from: BurtW on December 15, 2013, 09:35:30 PM

Quote from: co5hike on December 14, 2013, 01:16:08 PM

Quote from: odolvlobo on December 14, 2013, 12:20:16 PM

anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

Or get robbed.
Maybe Im paranoid but I dont feel safe carying cash and do street trade

I have done a lot of trades on localbitcoins and not once have I had an issue with a face-to-face trade - not once.

To me meeting someone at a crowded Starbuck's does not deserve the negative implications of the term "street trade".

"Street trade" makes it sound like you are going to meet someone in a dark alley in a bad part of town.

Don't do that. Pick a well lit popular crowded Starbuck's or other coffee shop of your choice - anywhere with free WiFi will do.

how about a bank! Roll Eyes

That works too.

Goose7

newbie

Activity: 9

Merit: 0

Quote from: BurtW on December 15, 2013, 09:35:30 PM

Quote from: co5hike on December 14, 2013, 01:16:08 PM

Quote from: odolvlobo on December 14, 2013, 12:20:16 PM

anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

Or get robbed.
Maybe Im paranoid but I dont feel safe carying cash and do street trade

I have done a lot of trades on localbitcoins and not once have I had an issue with a face-to-face trade - not once.

To me meeting someone at a crowded Starbuck's does not deserve the negative implications of the term "street trade".

"Street trade" makes it sound like you are going to meet someone in a dark alley in a bad part of town.

Don't do that. Pick a well lit popular crowded Starbuck's or other coffee shop of your choice - anywhere with free WiFi will do.

how about a bank! Roll Eyes

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: co5hike on December 14, 2013, 01:16:08 PM

Quote from: odolvlobo on December 14, 2013, 12:20:16 PM

anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

Or get robbed.
Maybe Im paranoid but I dont feel safe carying cash and do street trade

I have done a lot of trades on localbitcoins and not once have I had an issue with a face-to-face trade - not once.

To me meeting someone at a crowded Starbuck's does not deserve the negative implications of the term "street trade".

"Street trade" makes it sound like you are going to meet someone in a dark alley in a bad part of town.

Don't do that. Pick a well lit popular crowded Starbuck's or other coffee shop of your choice - anywhere with free WiFi will do.

co5hike

hero member

Activity: 798

Merit: 1000

Quote from: odolvlobo on December 14, 2013, 12:20:16 PM

anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

Or get robbed.
Maybe Im paranoid but I dont feel safe carying cash and do street trade

omahapoker

hero member

Activity: 868

Merit: 1000

why is it so hard to buy bitcoins? seemslike you cant trust anyone.

odolvlobo

legendary

Activity: 4522

Merit: 3426

Quote from: Dr Bloggood on December 14, 2013, 11:36:52 AM

This might sound like a stupid question, but I'm just wondering where the localbitcoin-dealers get their BTC from: I suppose they just have it on some wallet on some big exchange!?
So if that's the case I might as well just ask a friend who is on an exchange; he should buy BTC on that exchange, then transfer them to me, while I give him cash.
The whole point of localbitcoins.com is anonimity - or does it serve any other purpose?

LocalBitcoin traders get their bitcoins from people selling bitcoins, or from exchanges, or even from coin base. If you can buy bitcoins from a friend, then go ahead. There is nothing wrong with that.

LocalBitcoins has a few benefits. One is anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

To put it another way and answer your question at the same time: I have made a lot of Bitcoin friends through trading on localbitcions.

kolesozw

legendary

Activity: 1316

Merit: 1004

FRX: Ferocious Alpha

Quote from: Dr Bloggood on December 14, 2013, 11:36:52 AM

This might sound like a stupid question, but I'm just wondering where the localbitcoin-dealers get their BTC from: I suppose they just have it on some wallet on some big exchange!?

So if that's the case I might as well just ask a friend who is on an exchange; he should buy BTC on that exchange, then transfer them to me, while I give him cash.

The whole point of localbitcoins.com is anonimity - or does it serve any other purpose?

Maybe they are mining the Bitcoins or bought earlier

Dr Bloggood

sr. member

Activity: 336

Merit: 250

This might sound like a stupid question, but I'm just wondering where the localbitcoin-dealers get their BTC from: I suppose they just have it on some wallet on some big exchange!?

So if that's the case I might as well just ask a friend who is on an exchange; he should buy BTC on that exchange, then transfer them to me, while I give him cash.

The whole point of localbitcoins.com is anonimity - or does it serve any other purpose?

Topic: Instead of localbitcoins.com - just buying from friend? (Read 598 times)