reasons to buy from individual? | Bitcointalksearch.org

neochiny

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Frankly, I prefer buying from exchanges as well. They're relatively safer, certainly less of a hassle and incredible fast.
Especially with my local exchange where I buy directly from the exchange, no need to look for p2p. The prices are steady and support is very responsive.
Of course, there are cons, as there always is. I had to verify. (No choice really as the service was really convenient and choice was limited if not nonexistent, especially if I also to wanted convert to fiat.) Cry

Anyway, possible reasons I can see that would make me buy from an individual:
1. Trust - If I personally knew the person or is recommended by someone I really trust.(not about reputation or forum trust)
2. Price - there's just no possibility of a discount with high volume buys from exchanges.
3. Convenience - if we both could agree on favorable/easy enough terms. (where to send,what to use)
4. Step 1 is a must.

traderethereum

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i am not prefer to buy btc from person in the forum without seeing that person have a good reputable because i don't want to make trouble to get scam. i am prefer to buy bitcoin with my friend that always ready stock to buy and sell bitcoin and so far its a safe way for me.

outatime1

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If you buy from a site like coinbase, you have to give them a lot of private information and a bank account. However, if you buy from an individual, you may be anonymous depending on the situation.

rik3

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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?

There are Only Two Reasons Of Buying Bitcoins From Individuals On Forum or Personally:-
1) First If all We Don't Need any Identity Verification If we Want to Buy Bitcoins Online and Buy From Individuals....
2) Then It is Much Safer and Cheaper if You Buy Bitcoins From Your Known Bitcoin Exchanger.....

goinmerry

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Quote from: klf on August 21, 2016, 10:00:51 PM

Quote from: garundang on August 19, 2016, 01:05:35 AM

i think it is faster to buy from individual and you don't have to give that much info to him

Yes, that is true. Mainly people buy from individuals primarily for some reasons they don't want to share their personal details to buy bitcoins either through bank or any other ways people can track. But if we want to buy faster nowadays there are places we can buy almost instantly with bank accounts, so I think the main reason is they want to hide the identity.

It is also cheaper. When you buy at a paid website then they need their investment back so they put larger price in their items. Same with exchanges. Altcoins and bitcoin have a larger price compared when you buy in a person where you could talk where the price is just at the middle of the buy and sell price.

klf

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Quote from: garundang on August 19, 2016, 01:05:35 AM

i think it is faster to buy from individual and you don't have to give that much info to him

Yes, that is true. Mainly people buy from individuals primarily for some reasons they don't want to share their personal details to buy bitcoins either through bank or any other ways people can track. But if we want to buy faster nowadays there are places we can buy almost instantly with bank accounts, so I think the main reason is they want to hide the identity.

PremiumCodeX

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By following the discussion, I realized there is a small confusion about what the more cost-effective method is: exchanges or individuals.

It seems to me that in the prices of small amounts and safety the exchanges are better.

Individuals may be better in the prices of large amounts ( because of the negotiation possibility ) and protecting your anonymity.

It is up to you to decide what the more important attributes are for you: fine prices on small amounts - funds safety OR negotiation ability - anonymity.

Some people often find doing transaction with individuals faster, but being cautious is always advised especially if the provider wants to get you do the transaction REALLY fast ( like it was in hurry ). Feel free to add more to these arguments!

garundang

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i think it is faster to buy from individual and you don't have to give that much info to him

Dudeperfect

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Although I prefer buying crypto coins from exchanges, I still feel that buying from individual is much better. You don’t have to create new account, no need to submit verification documents (well how can we stay anonymous for exchanges if we are giving our identity documents) so buying from individual gives you real sense of crypto that is anonymity. You can negotiate on price with individual which is not possible on exchanges. These are the benefits especially if amount is larger and since I usually buy in smaller amounts, I buy from exchanges.

noictib

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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?

only someone not all person prefer for individual exchange . i think exchange sites are better platform to exchange but to store money at exchange site is not safe so someone prefer for this .

JITENDERPAR3

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i think KYC deatil is main problem and not to support of all type of payment method are problem . in personally we can understand in better way our requirement . but in my openion exchange sites are better then other way .

AmatoInazuma

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Quote from: freundes on August 18, 2016, 04:47:41 PM

As for me i prefer buying from exchange as the rate are far better than buying from individual

Me too , and compared with security i'll stick on exchanges sites because more safer than buying individual , but if you need it for urgent thing or the sites don't have a currency you want to exchange , you should go with individual buy.

freundes

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As for me i prefer buying from exchange as the rate are far better than buying from individual

Haliburton

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Normally you got a a better rate of a percentage with trading with an individual then you would with a virwox or another exchanger. Those fees can run into the 40% some have said which is outrageous to say the least. Embarrassed

xIIImaL

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Quote from: iqlimasyadiqa on August 18, 2016, 09:22:21 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?

for me the trust and security are the most important point. in this forum, we can see the various activities of the user here. we'll see how he argues, and here we can make sure that person is one who can be trusted. but they all still have to refer to the existing regulations.

But in this forum I have noticed too scams and fraudulent only. There is security each and every person but among all the people who is using bitcoin
Until government took over bitcoin will have these kind of issues.

Haliburton

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You can always negotiate with a person on a set price to buy while you can not with an exchange system. Embarrassed

Pursuer

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Quote from: PremiumCodeX on August 18, 2016, 04:01:53 AM

I read that it was cost-effective to buy from individuals instead of exchanger companies and the trust was the price you had to pay for choosing the individual way. However, I also read the your opinions above and wondered them because more than one of you wrote that it was cost-effective AND safer to buy from companies. May I know what exchangers did you mean exactly? Do we have an up to date list of these companies on the forum?

it is NOT cost effective to buy from individuals because an individual will always sell bitcoins to you at a much higher rate than the current exchange rate.
for example if bitcoin is being traded at $574 in major exchangers an individual for example on localbitcoins.com will sell bitcoin to you at the rate of $600 and sometimes even more if they can and see you are in need.

for the list google bitcoin exchange and you will find them (bitfinex, btc-e, kraken)

iqlimasyadiqa

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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?

for me the trust and security are the most important point. in this forum, we can see the various activities of the user here. we'll see how he argues, and here we can make sure that person is one who can be trusted. but they all still have to refer to the existing regulations.

PremiumCodeX

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I read that it was cost-effective to buy from individuals instead of exchanger companies and the trust was the price you had to pay for choosing the individual way. However, I also read the your opinions above and wondered them because more than one of you wrote that it was cost-effective AND safer to buy from companies. May I know what exchangers did you mean exactly? Do we have an up to date list of these companies on the forum?

waterholeIO

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Buying from individual directly is not normally recommended. It takes a lot of trust in that person's reputation to buy directly online from them. I did, however, had several returning and frequent buyers who ended up texting me and completing the transactions quite fast and they were fine with the AML/KYC policies and trusted me in having their personal information.

An exchange is a large entity that, though mostly secure and safe, are impersonal compared to an actual individual that can cater to your need at a particular time (like a discount, a quicker release, or even lending though I've never loan out BTC even after 50 trades with a person).

Indrawan77

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I think buying from individu is not recommended, there are a lot scammer, even though sometimes buying from individual the price is higher, but i prefer buying from exchanger its more secure and more trustable

ultrloa

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Quote from: Newcoins2020 on August 17, 2016, 05:03:12 PM

Quote from: 0day on August 17, 2016, 03:28:37 PM

I thnk the only reason for that is, they do not know about exchange, or they will feel fear about sending their money to any exchange because of lack of knowledge. Otherwise there is no any problem to buy cheaper on exchanges.

Fear about sending money to an exchange is the main reason they do this. But like many things if you inform yourself about it, you know it can be safe.
Just watch out for a trustable exchange.

That is one of the factor they are afraid of since they're are lost deposit/withdrawal issue's happening especially on yobit so maybe thats the reason why some people intend to buy on individual just to make sure that they wont get compromise from it, and their are other people wants to buy cheap altcoin to individual traders so they they can accumulate more altcoin at the cheaper price and the cheaper they can get the more profit they can accumulate And that is the most reason for people to buy coins to their fellow trader.

Newcoins2020

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Quote from: 0day on August 17, 2016, 03:28:37 PM

I thnk the only reason for that is, they do not know about exchange, or they will feel fear about sending their money to any exchange because of lack of knowledge. Otherwise there is no any problem to buy cheaper on exchanges.

Fear about sending money to an exchange is the main reason they do this. But like many things if you inform yourself about it, you know it can be safe.
Just watch out for a trustable exchange.

Cast12

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The only limit to a trade is how much you both have. You don't need to follow KYC and AML laws, you won't be scammed by the exchange(depends on the exchange) and trader(depends on the trader as well.)

0day

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I thnk the only reason for that is, they do not know about exchange, or they will feel fear about sending their money to any exchange because of lack of knowledge. Otherwise there is no any problem to buy cheaper on exchanges.

HaXX0R1337

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It might be very fast sometimes.
I also like to buy it from individuals, simply because sometimes they offer fairly good price, much better than any exchange.
Make's change if you have a lot of funds.

Red-Apple

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Quote from: noormcs5 on August 14, 2016, 10:36:36 AM

Quote from: shane on August 14, 2016, 02:07:51 AM

my experience buying bitcoin of individual that I want to get faster, do not need to have an account that must verify the data.
but I bought to a trusted person, sometimes also lower fee than exchanger.

Yeah if you have a trusted person, it is much easier and cheaper to buy from exchanger. The individual will not charge you extra fee and you will get better rates as compared to exchanger.

that is actually quite the opposite.
individuals will surely sell you bitcoin at higher price of the market, if you don't believe me go check localbitcoins.com now and see for yourself it is sometimes even $50 above market price.
because individuals unlike an exchange can only make a profit if they sell it higher and buy it lower.

noormcs5

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Quote from: shane on August 14, 2016, 02:07:51 AM

my experience buying bitcoin of individual that I want to get faster, do not need to have an account that must verify the data.
but I bought to a trusted person, sometimes also lower fee than exchanger.

Yeah if you have a trusted person, it is much easier and cheaper to buy from exchanger. The individual will not charge you extra fee and you will get better rates as compared to exchanger.

shinratensei_

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Quote from: shane on August 14, 2016, 02:07:51 AM

my experience buying bitcoin of individual that I want to get faster, do not need to have an account that must verify the data.
but I bought to a trusted person, sometimes also lower fee than exchanger.

I having a person is I trust him for selling my bitcoin into him and the experience I can get for selling with the personal is faster and no need a various requirement like verification. but just deal and the amount is sending into my bank account. and lower fees become on of important factor.

shane

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my experience buying bitcoin of individual that I want to get faster, do not need to have an account that must verify the data.
but I bought to a trusted person, sometimes also lower fee than exchanger.

densuj

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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?

In my opinion they wanna keep be anonymous, because if we buy bitcoin or another cryptos coins on markets we must make verification and it is give our indentity.

enhu

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Quote from: 20kevin20 on August 08, 2016, 08:21:20 AM

Quote from: ethereumhunter on August 06, 2016, 06:42:17 AM

i am not recommended to buy from individual on the forum, any forums unless you know that person individually. we have to trust someone before we have make a deal with him/her, so better buy from person which we already know. and i think if we don't know anything, we can buy from market exchange.

This way you won't make and succeed any business in life.

Think about it: do the millionaires and.. basically any businessman deal with acquaintances and close friends? No, the most work is done with complete strangers. We have to deal with it. My friends and family, for example, don't have BTC. They got just a small amount (<$10) max. So where should I buy from..? Exchange websites can be scams too. Bitfinex was, so.. I guess we shouldn't trust anything ever then.

While I hate to give advice about buying btc from users in the forum is better than on exchanges, i might just advice instead to simple submit IDs for safer transaction, its going to be less scammy. You'd be suspected as scammer as well if you want to pay thru paypal in exchange of bitcoin if you buy from an individual.

Fatanut

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Here are the reasons I can think of:
1. No ID and/or bank account available. Bitcoin exchanging websites usually asks for ID and bank account in order for you to buy/sell bitcoins.
2. Wants to buy/sell a large volume. People often open a thread for this. Often times, they get a discount when buying from an individual instead of buying from an exchanging site.
3. The buyer only have fiat or the seller only wants fiat. They can do meetups if this is the case. There's no exchanging site that gives you fiat directly in exchange to your coins and there is also no exchanging site that accepts paper money directly in exchange to coins.
4. They just don't. Some people just don't use exchanging websites like YoBit for some personal reasons.

Backside walkaround

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Anonymity from government is the first thing that comes to mind. A chance to meet a fellow bitcoiner might be a second. And meeting in a public place makes it harder to scam. Face to face transactions do sound pretty cool. I've never done one yet, because it's pretty easy to just use an exchange and much faster. Even a bitcoin ATM would be easier.

croutonhexagon

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According to me There is only One Reason Of Buying Bitcoins From an Individual That Is You have To Submit Your Documents For Buying High Amounts Of Btc on Mostly Sites and No One Wants To Disclose Their Identity.......

20kevin20

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Quote from: ethereumhunter on August 06, 2016, 06:42:17 AM

i am not recommended to buy from individual on the forum, any forums unless you know that person individually. we have to trust someone before we have make a deal with him/her, so better buy from person which we already know. and i think if we don't know anything, we can buy from market exchange.

This way you won't make and succeed any business in life.

Think about it: do the millionaires and.. basically any businessman deal with acquaintances and close friends? No, the most work is done with complete strangers. We have to deal with it. My friends and family, for example, don't have BTC. They got just a small amount (<$10) max. So where should I buy from..? Exchange websites can be scams too. Bitfinex was, so.. I guess we shouldn't trust anything ever then.

gandame

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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?

Because others they buy so many reasons specifically for traders than to trading site . First reason I particularly if they know the coins have great potential to increased. Buying coins to traders because they hard to get there bidding price in trading. Second reason there are traders as require money so they selling all their holding coins at cheap rates . That only I know why they buy the individual traders .

danfoda

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No need to provide ID and alot better rates.

Xenophoto

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Maybe he/she wants to buy in bulk and that certain individual gives a discount for bulk offers. Some people even sell their coins lower than the market price regardless of how money you are buying. Some people don't want to or unable to upload any documents on the Internet. Some people just want to stay anonymous and all website that lets you exchange your cash into BTC requires you to upload an ID. Some people don't even have a valid ID to get qualified even if they want to.

btvGainer

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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 obvious reason could be low price and anonymity.With most exchanges you are required to verify your identity,which many doesn't prefer.So they go for individual buyers or sellers where it is one's own choice to disclose one's true identity or not.
The other reason could be that some times someone is in urgent need of money or for other reason wants to sell his coin at lower than market rates

ethereumhunter

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i am not recommended to buy from individual on the forum, any forums unless you know that person individually. we have to trust someone before we have make a deal with him/her, so better buy from person which we already know. and i think if we don't know anything, we can buy from market exchange.

gtglener

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I think the only reason for to buy from individuals is that, they do not know about trusted exchanges, or they do not have any experience in any trusted exchange so they are unable to put their money into there in order to buy from there.

Robertqueen2

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There are many reasons :
1 - some devs release the users' coins before they add their coins to an exchange , but some members don't have patience , so they open a trading thread .
2 - sometimes , a member want to sell or buy a big volume with a discount , so he also opens a thread .
3 - the most popular reason is to scam others , unfortunatelly , sometimes the scammers get what they want .

Jimbola3

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Quote from: ASHLIUSZ on July 26, 2016, 12:41:51 PM

Major reason for which I prefer buying from individuals is just to avoid the banking process. Meeting a trader personally helps gain trust as well make trading effective.

yeah that's what i think too and buying from the sites and different trading services can cost you high with more extra charge but with the individual i can bargain too which is better Grin

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Gahs

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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?

Simple.

You get to avoid those bitcoin exchange fees. If you are living in the US, you do not have to submit yourself to the KYC policy of the exchanges and you stand a chance of buying at a cheaper price than at the exchanges.

ASHLIUSZ

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Major reason for which I prefer buying from individuals is just to avoid the banking process. Meeting a trader personally helps gain trust as well make trading effective.

airsounds

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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?

well i think only reason to buy from them is because it is faster, but that's it as it might be even a little bit risky, because exchange sites are trustful

Taki

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Just there are people to whom it's more suitable. Like there is someone who playing gambling only for own fun and he doesn't care about bitcoin or another crypto, trading, investment at all. So he made some amount of BTC with gambling and it's easier to find a buyer for it to have dollars right now and without any % for exchange. I know such people and I buy bitcoins from them, because I know that bitcoin will rise soon, but they don't Wink

deadsilent

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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?

Because buying bitcoin from a person is the better possibility you will get a amount of btc in negotiable price.
Ive never try this thing though. Is it too risky to negotiate with a person than to exchange site? You better exchange with a good trust reputation here.

bestluck

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I think they will not hace any knowledge about that which exchange is better for their payment processor, like they will be newbie to this world of bitcoin. Or they will not want to show some of their coins to their exchange ( as the exchanges have all the data about the user) so they prefer to use individual for that reason.

crairezx20

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I think because of the rate or they can buy for better cheap price also they are afraid to exchange if the sites is not well known better to deal in real people..

X7

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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?

Privacy would be the primary motivator

erikalui

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On exchange websites, you can never know if the user has sold his account or not while on the forum, people easily detect it with the password log and change in the writing style. Here users are much more reliable and with the use of an escrow, the transactions are secure compared to exchange websites that don't even help you if the person hasn't sent you the payment in exchange for your money. Like on Paxful, a user complained about not receiving the bitcoins and the escrow on the website told him he cannot help him.

fortunecrypto

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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?

If you know the guy offline then it is ok to proceed dealing with him,had one guy who I've been trading my bitcoin for the last two years it used to be paypal,if the guy has a clear conscience and he wants a good reputation for his buy and sell business it is ok to transact with him..

LucioTan

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Quote from: hasiramasenju on July 13, 2016, 02:00:54 PM

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

Yeah, usually individuals offers more price than the trading sites do. And besides, transactions in individuals are more faster than in the trading sites and you don't have a competitors when it comes to price. Also you will not need to pay some fees when transacting. The only disadvantages of trading in an individual is the safety. Many are being scammed during individual exchanges because they do not follow the safety precautions in transacting. But, this disadvantages can be countered easily, hire some Escrow that will make your transaction smooth and free from scams.

vdotcash

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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?

People on the forums do not ask for identification (KYC). Another reason is they may want a large quantity but do not want to drive the price up, instead they want it all at X.

SmartIphone

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Quote from: shinratensei_ on July 15, 2016, 11:30:24 AM

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.

As I mentioned before the deal person to person is the best way, sometimes safest but not always the fastest way and probably not always the cheapest way as those that sell outside want to earn more than exchanges.

iv4n

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Individual can give you better price then exchange site, also like its said above some sites require certain payment methods. For example someone can buy certain altcoins much easier from someone close, and give him cash for that (every country have different currency, not everyone can buy things online with their credit cards).
Also people can feel much safer when they buy from people they know, or have trust. But people should be careful to not be scammed in this process. So before you buy coins from some individual you don`t know, check first their trust rating here, if not here ask people who traded with him about their experience.

amacar2

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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?

I think main reason is, some payment methods are not accepted by exchange platform for deposit for eg skrill, neteller etc. So people are willing to buy bitcoin here with even higher price than market price.

And no any personal documents are needed for even big purchase.

romero121

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In my view every trader have their own profit margin. So it gives the buyer few option to go for the one with better profit and convenient with.

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.

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

target

legendary

Activity: 2282

Merit: 1041

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

legendary

Activity: 1288

Merit: 1087

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

legendary

Activity: 1792

Merit: 1283

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

legendary

Activity: 1204

Merit: 1000

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

hero member

Activity: 574

Merit: 500

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

legendary

Activity: 2030

Merit: 1030

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

legendary

Activity: 1904

Merit: 1074

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

legendary

Activity: 980

Merit: 1000

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

legendary

Activity: 2296

Merit: 1014

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

hero member

Activity: 770

Merit: 500

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

legendary

Activity: 1008

Merit: 1000

★YoBit.Net★ 350+ Coins Exchange & Dice

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

sr. member

Activity: 420

Merit: 250

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

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

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

hero member

Activity: 574

Merit: 500

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

hero member

Activity: 742

Merit: 500

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

legendary

Activity: 1554

Merit: 1014

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

hero member

Activity: 574

Merit: 500

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.

Cloverdale

sr. member

Activity: 364

Merit: 250

Want Loan ? : Goo.gl/KjntcF

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.

hermanhs09

hero member

Activity: 574

Merit: 500

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?

Depends on where you buy it,buy if you find out a trusted site,no one will scam you.
But for some reason i prefer to buy from companies,probably because it is a lot faster in most cases.

wintermeasures

sr. member

Activity: 322

Merit: 250

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 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

romero121

legendary

Activity: 3206

Merit: 1213

casinosblockchain.io

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.

ObscureBean

legendary

Activity: 1148

Merit: 1000

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.

Ryan Dugan

hero member

Activity: 924

Merit: 501

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 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.

pooya87

legendary

Activity: 3472

Merit: 10611

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.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: achow101 on July 10, 2016, 10:13:12 PM

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.

achow101

staff

Activity: 3458

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Just writing some code

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.

bittraffic

hero member

Activity: 3038

Merit: 617

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? (Read 4151 times)