reasons to buy from individual? - page 4.

shinratensei_

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Quote from: SmartIphone on July 14, 2016, 03:49:26 PM

Quote from: bittraffic on July 10, 2016, 09:57:05 PM

What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?

The main reason seems that people don't want to share their personal details online, neither the ID(inc. a selfie with it), passport etc.

I can make a deal with that, in some previous topic have the same content with this a lot of people is said interested to buying from an individual person because to secure their personal data. and they feel doubt about the provider of transaction service about the security of their data. and choose a second way to using individual transaction or F2F.

Gahs

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The main reason would be that you can boycott the transaction fees that exchange sites request. This might be significant if you are trading large sums of money. But make sure you are trading with someone you REALLY trust because there is no escrow on this forum.

Valzador

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I buy from individuals because the verification process on big exchanges take so long and are relatively unnecessary.

target

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its still privacy issues. Most exchange sites like bittrex don't ask for personal information except the emails you use upon registering but even that you get to share an info of your life.
If one intend to keep privacy, he may prefer a trusted individual at least its this guy that only knew about you.

If you've encounter zazarb, that guy must have a huge email list of bitcoin users by now lol

European Central Bank

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i have zero desire to buy privately. too much risk and too much hassle. i'll stick with the tried and tested routes and i don't got any need to hide my identity or anything.

eternalgloom

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It could be more anonymous if you buy from a forum member and possibly even faster than most exchanges if you pick the right seller.
It's riskier however, but you should be fine if you trade with someone who's trustable.

SmartIphone

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Quote from: bittraffic on July 10, 2016, 09:57:05 PM

What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?

The main reason seems that people don't want to share their personal details online, neither the ID(inc. a selfie with it), passport etc. But at the other side it is not easy to deal in person, it consumes more time and it's different than in exchange.

hermanhs09

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Quote from: socks435 on July 13, 2016, 02:23:56 PM

Quote from: bittraffic on July 10, 2016, 09:57:05 PM

What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?

I think they are choosing to buy personally because they think that they can buy for a cheapest price or they are just afraid to scam by exchange sites.. or they dont know how to buy in exchange site so they are buy crypto someone that they can ask how to deal with them..

Yeah this is true,because individuals give you the best price indeed.Also in most cases,you are pretty safe,
and if you use trusted site you won't get scammed.But sometimes buying from individuals may be slow :/

socks435

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Privacy is always important

Quote from: bittraffic on July 10, 2016, 09:57:05 PM

What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?

I think they are choosing to buy personally because they think that they can buy for a cheapest price or they are just afraid to scam by exchange sites.. or they dont know how to buy in exchange site so they are buy crypto someone that they can ask how to deal with them..

Kprawn

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Ok, let's take a little example : You have a little special person in your life, and you want to buy some sex toys for your next weekend together. Ok, so we know all these REGULATED exchanges have to

adhere to strict KYC/AML regulations and they pass on information to the authorities. That includes all the incoming and outgoing transactions... So these government agencies can track all your

spending habits. Now, if you used cash... you could have bought those edible panties without anyone knowing... These third parties gives you ZERO privacy. Roll Eyes

hasiramasenju

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for me there is no reason i could buying bitcoin from individual in these forum because i considers buying bitcoin using exchange are more safer and low fees than buy it personally but if someone else want to sell to me his bitcoin but the rates are more low than usual exchange i would like to trade with him but still needed escrow if he want to trade with me

Velkro

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Quote from: notlist3d on July 10, 2016, 10:35:55 PM

I personally like exchanges myself it is normally cheaper then buying from an individual.

Same here, its safer, cheaper and more reliable than trading with individuals.

RoommateAgreement

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Bazinga!

buying from someone else instead of using a service like bitcoin exchange site is only the case when someone wants to buy with cash and not use his creadit card or bank account because he wants to stay completely anonymous which is not a common thing among bitcoin users and especially because you can always use a mixer to reach that anonymity.

helloeverybody

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I always thought that buying directly from an individual would be cheaper since your not going through an exchange, i assumed this way you could buy for spot price instead of the usual $10 or more over spot price. The other reason is obviously anonymity since you dont need to give any details of who you are. I know you buy directly off people on lbc but its still higher priced than spot price but if you did it private i bet you could buy it cheaper.

relq

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Quote from: bittraffic on July 10, 2016, 09:57:05 PM

What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?

Most exchanger in my country always have a minimum limit to buy or sell bitcoin and it's not good for people who have only few satoshi. Buying from individual is more easy and allow small satoshi/bitcoin.

outatime1

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I can tell you from experience that you take a risk using exchanges. I lost money when cryptsy folded. With that being said, I have bought bitcoins from coinbase with no trouble. The problem with an exchange like coinbase is that you have to send money from a bank account so coinbase needs your bank account info and other personal information. Buying in person avoids the need to give out personal information and the risks of an exchange taking your money.

hermanhs09

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Quote from: Hellacopter on July 11, 2016, 10:53:43 AM

Exchanges are cheaper than buying from individuals, but in my opinion it's more safe to buy from individuals especially if you know the seller in person.

Not always,i know many exchanges where you can find really expensive bitcoin,according to let's say localbitcoins.com,
or other sites where do you buy from exact person.
Once i bought 0,01 someguy gave me his address password just to do transaction as fast as possible

Hellacopter

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Exchanges are cheaper than buying from individuals, but in my opinion it's more safe to buy from individuals especially if you know the seller in person.

ronaldo40

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because people sometimes want to do a transaction that is not too complicated, such as exchanger that require verification.

but for me it's safer to use exchanger, so I better choose safe although it was a bit tricky.

hermanhs09

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Quote from: Cloverdale on July 11, 2016, 09:57:24 AM

Quote from: bittraffic on July 10, 2016, 09:57:05 PM

What are the possible reasons why someone will prefer to buy btc or any other crypto to someone from the forum particularly than on the exchange sites?

It's much easier buying in person than in exchange site. The trade can also be talked either what will be their rate and there is no verification needed for purchasing big amount of bitcoin where most exchange site requires. It is much safer to purchase directly from someone more if you trade with them personally instead of online transaction.

Anyway sometimes if you can find out good individual,
you can get btc payment really fast,if you can contact with the correct person,and usually pay a bit more.

Topic: reasons to buy from individual? - page 4. (Read 4106 times)