Instead of localbitcoins.com - just buying from friend?

[Dr Bloggood]

This might sound like a stupid question, but I'm just wondering where the localbitcoin-dealers get their BTC from: I suppose they just have it on some wallet on some big exchange!?

So if that's the case I might as well just ask a friend who is on an exchange; he should buy BTC on that exchange, then transfer them to me, while I give him cash.

The whole point of localbitcoins.com is anonimity - or does it serve any other purpose?

[kolesozw]

This might sound like a stupid question, but I'm just wondering where the localbitcoin-dealers get their BTC from: I suppose they just have it on some wallet on some big exchange!?

So if that's the case I might as well just ask a friend who is on an exchange; he should buy BTC on that exchange, then transfer them to me, while I give him cash.

The whole point of localbitcoins.com is anonimity - or does it serve any other purpose?

Maybe they are mining the Bitcoins or bought earlier

[BurtW]

To put it another way and answer your question at the same time:  I have made a lot of Bitcoin friends through trading on localbitcions.

[odolvlobo]

This might sound like a stupid question, but I'm just wondering where the localbitcoin-dealers get their BTC from: I suppose they just have it on some wallet on some big exchange!?
So if that's the case I might as well just ask a friend who is on an exchange; he should buy BTC on that exchange, then transfer them to me, while I give him cash.
The whole point of localbitcoins.com is anonimity - or does it serve any other purpose?

LocalBitcoin traders get their bitcoins from people selling bitcoins, or from exchanges, or even from coin base. If you can buy bitcoins from a friend, then go ahead. There is nothing wrong with that.

LocalBitcoins has a few benefits. One is anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

[omahapoker]

why is it so hard to buy bitcoins? seemslike you cant trust anyone.

[co5hike]

anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

Or get robbed.
Maybe Im paranoid but I dont feel safe carying cash and do street trade

[BurtW]

anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

Or get robbed.
Maybe Im paranoid but I dont feel safe carying cash and do street trade

I have done a lot of trades on localbitcoins and not once have I had an issue with a face-to-face trade - not once.

To me meeting someone at a crowded Starbuck's does not deserve the negative implications of the term "street trade".

"Street trade" makes it sound like you are going to meet someone in a dark alley in a bad part of town.

Don't do that.  Pick a well lit popular crowded Starbuck's or other coffee shop of your choice - anywhere with free WiFi will do.

[Goose7]

anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

Or get robbed.
Maybe Im paranoid but I dont feel safe carying cash and do street trade

I have done a lot of trades on localbitcoins and not once have I had an issue with a face-to-face trade - not once.

To me meeting someone at a crowded Starbuck's does not deserve the negative implications of the term "street trade".

"Street trade" makes it sound like you are going to meet someone in a dark alley in a bad part of town.

Don't do that.  Pick a well lit popular crowded Starbuck's or other coffee shop of your choice - anywhere with free WiFi will do.

how about a bank!   

[BurtW]

anonymity. Another is speed - you don't have to wait to be verified. Finally, buying from someone face-to-face gives a newbie the chance to ask questions.

Or get robbed.
Maybe Im paranoid but I dont feel safe carying cash and do street trade

I have done a lot of trades on localbitcoins and not once have I had an issue with a face-to-face trade - not once.

To me meeting someone at a crowded Starbuck's does not deserve the negative implications of the term "street trade".

"Street trade" makes it sound like you are going to meet someone in a dark alley in a bad part of town.

Don't do that.  Pick a well lit popular crowded Starbuck's or other coffee shop of your choice - anywhere with free WiFi will do.

how about a bank!   

That works too.