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Title: How does trading Bitcoins work on localbitcoin.com Post by: MakeBelieve on February 20, 2014, 06:55:12 PM If you are dealing with online bank tranfers are they secure? Or is the information you input likely to get stolen.
Title: Re: How does trading Bitcoins work on localbitcoin.com Post by: hilariousandco on February 20, 2014, 08:05:34 PM If you are dealing with online bank tranfers are they secure? Or is the information you input likely to get stolen. You should be fine, but they're only really as secure as you are. Title: Re: How does trading Bitcoins work on localbitcoin.com Post by: Kiki112 on February 20, 2014, 08:52:20 PM as I think when you use localbitcoins.com you can meet the guy you want to trade in person which minimizes the chances of getting scammed ;)
do the exchange hand-to-hand and you have nothing to be afraid of :) Title: Re: How does trading Bitcoins work on localbitcoin.com Post by: Wusolini on February 20, 2014, 09:01:33 PM I used localbitcoin in past and it worked fine. Just stick to traders with good reference and lot of confirmed trades.
Deal only with on-line traders, and read their conditions ( payment method, which bank ...) you can also interchat (thats why with on-line trades only) and get some info about how long it takes etc. Title: Re: How does trading Bitcoins work on localbitcoin.com Post by: DannyHamilton on February 20, 2014, 10:33:32 PM If you are dealing with online bank tranfers are they secure? Or is the information you input likely to get stolen. Are you buying, or selling? Personally, I find that selling bitcoins for a bank transfer is FAR to risky. To much chance that the buyer will contact the bank and reverse the transaction after they have the bitcoins. Buying bitcoins with bank transfer is far less risky. |