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?
Topic: reasons to buy from individual? - page 5. (Read 4173 times)
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?
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?
But for some reason i prefer to buy from companies,probably because it is a lot faster in most cases.
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 if we buy some coin in individual person we can get a price below the exchanger and is not affected by the transaction fee. and if we use the exchanger may be too complicated because it must register and through the verification process in advance. Thank you
One can get better price than the exchange websites, also most times I use trading websites to find different traders and make transaction with the one who's price quote fulfils my requirement.
Most exchanges don't support popular payment methods like PayPal, Skrill etc. I'm pretty sure you can find a seller here no matter what obscure payment processor you use. Also you don't have to verify your identity which is something required by exchanges that accept regular currencies. And if you buy on LocalBitcoins it is possible you get better rates than the current market rate.
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 buy and sell gap on exchanges can be very large so buying from someone in private is mutually beneficial for both parties. The buyer gets a better price while the seller makes more money. Also there is no fee.
sometimes you want to buy with a payment processor like paypal for example that is nowhere to be found on any exchanges so you have to buy from an individual instead of an exchange. also as others mentioned you don't have to verify yourself.
and for any other coin, those may not be listed on exchanges yet so you are forced to trade with others off exchange. like new altcoins that you mine.
and for any other coin, those may not be listed on exchanges yet so you are forced to trade with others off exchange. like new altcoins that you mine.
No KYC or AML. There really is no need for identity verification for most trades and many exchangers here don't need to know your identity.
I personally like exchanges myself it is normally cheaper then buying from an individual. There are lot's of good choices all really depends on your country, very country specific on which is best for you. And you can link to a checking account which is really nice when buying or selling.
It really is those who want to hide what they are doing or how much they are holding that are worried about KYC and want being anonymous that places like LBC are there for. So it really depends on use of your coins if there is any benefit. For me personally no benefit for me to be anonymous and pay a individual more.
No KYC or AML. There really is no need for identity verification for most trades and many exchangers here don't need to know your identity.
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?
Jump to: