Bitcoin Forum

Economy => Currency exchange => Topic started by: Tobiaz on December 12, 2017, 07:11:50 PM



Title: Want to buy small amount of btc, i will try to meet your payment requirements
Post by: Tobiaz on December 12, 2017, 07:11:50 PM
Hi, I am Newbie around here.

I want to buy a small amount of BTC for the current market value + 3-5%, need to try something

PM me or Whatsapp +919774717180


Title: Re: Want to buy small amount of btc, i will try to meet your payment requirements
Post by: warningsigns on December 12, 2017, 08:50:52 PM
You will need to be more vocal and public about how you "will try to meet the payment requirements".

In fact, no, you must not try to meet them. You must pay.

Indian phone number. Right. This opens up a can of worms. Paying from India to overseas is restricted by the Reserve Bank of India and it is a risky and complicated procedure. Prone to reversals and fraudulent loopholes. Non-India based sellers beware when selling coins to a buyer in India, unless you have a domestic Indian bank account the buyer can pay into. Because of the RBI restrictions, there is an elevated risk of MITM scams, meaning the buyer would use someone (a third party) based outside India to do the payment. And we all know what risks are involved (hint: craigslist and other scams)

Another variant is PayPal payment. Indian freelancers might find it hard to withdraw from their PayPal account to an Indian account so they might try to bypass this by offering to pay for the coins by PayPal. And again we all know about the reversibility risk here.