reasons to buy from individual?

[shane]

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.

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[shinratensei_]

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.

[noormcs5]

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.

[Red-Apple]

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.

[HaXX0R1337]

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.

[0day]

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.

[Cast12]

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.)

[Newcoins2020]

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.

[ultrloa]

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.

[Indrawan77]

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

[waterholeIO]

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).

[PremiumCodeX]

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?

[iqlimasyadiqa]

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.

[Pursuer]

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)

[Haliburton]

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

[xIIImaL]

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]

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.

[freundes]

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

[AmatoInazuma]

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.

[JITENDERPAR3]

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 .