killmanatees (OP)
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December 10, 2013, 05:00:59 AM |
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Hi, I'm somewhat new to bitcoin and want to buy locally but I am somewhat uncomfortable meeting someone with large amounts of cash and also with bank information online. On localbitcoins.com there is an option for meeting in person with cash but not one for meeting with a certified check or money order which I would be more comfortable with. Are there any other similar sites to localbitcoins or other options to buying. My coinbase wallet allows me to link a bank account but I'm not so sure about that option.
Thanks for reading and thanks in advance for advice.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Purps
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December 10, 2013, 05:04:51 AM |
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Just link your bank account, what's the worst that can happen?
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sweetNlow
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December 10, 2013, 05:10:23 AM |
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I understand where you're coming from about meeting people in person with large amounts of cash, you never know. Never used localbitcoins, but you can deal solely with a reputable member. Maybe you can ask the seller if they would accept a money order as payment. As for linking a account to coinbase, you should be safe. Its a US based company out of San Francisco I believe. I just linked my bank account to my coinbase, currently waiting on the deposit verifications
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sf_btc
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December 10, 2013, 05:18:52 AM |
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I sell on localbitcoin.com and I can tell you that buying using direct bank deposit is easy and trustworthy if you pick anyone with positive feedback. No need to meet, just go to their bank deposit the funds and soon you will have your BTC.
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rajbandi
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December 10, 2013, 09:27:03 AM |
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Bit expensive almost 10-15% charges more ,
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thatcoinman
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December 10, 2013, 09:31:42 AM |
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when i buy my coins, i look for people locally that sell them at almost nog fee. just people that are willing to cashout without the hassle of waiting on transfers from the exchainges. that way we both win. so most of the times i just ask people i know
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franz2
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December 10, 2013, 09:34:03 AM |
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I can offer bitcoins in Germany by Cash Im from NRW
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Whitesoulz
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December 10, 2013, 09:34:27 AM |
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Locally has always interested me, definitely a good question. Thanks for the answers thus far!
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ajax3592
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December 10, 2013, 09:38:44 AM |
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Well, there's always a little risk involved i anything you do in your life. Just spot a good seller with high rating, deposit the amount in their bank.
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TookDk
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One coin to rule them all
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December 10, 2013, 09:53:35 AM |
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To OP, just for the curiosity, what country are you located in?
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Cryptography is one of the few things you can truly trust.
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Sindelar1938
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December 10, 2013, 09:55:30 AM |
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You are on the right track with your thinking, local is the way to go All the best
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DrG
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December 10, 2013, 11:37:09 AM |
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I think most local sellers would only want to deal with cash since MO and checks are traceable.
You could trying posting in the marketplace and use an escrow.
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thesims
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December 10, 2013, 11:44:19 AM |
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Funny Kitty
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December 10, 2013, 11:57:50 AM |
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have never tried to buy with cash locally. Bought with bank deposit. not optimal - high fee, but not much choice.
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rganle
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December 10, 2013, 12:29:27 PM |
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buying locally from your friends is best.
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