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Author Topic: Explain the process of bank transfer with localbitcoins  (Read 308 times)
Baitty
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May 28, 2014, 10:54:33 AM
 #1

I'm looking to sell some of my bitcons at localbitcoins but i dont have the knowledge of how a bank trasfer works. what information would i have to give to the other person? I don't want to end up giving away sensitive bank information. Any one explain the process and the things i have to give to the other person?

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renee25
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May 28, 2014, 05:46:03 PM
 #2

create account.
make the people deposit to your account.
then you don't have to worry about anything.

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dserrano5
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May 28, 2014, 06:34:57 PM
 #3

create account.
make the people deposit to your account.
then you don't have to worry about anything.

Unless the funds come from a stolen account, or an ATM cash deposit is actually an empty envelope.

Baitty
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May 29, 2014, 10:36:49 AM
 #4

I've searched around and found out the process and thanks for the replies everyone. Although I don't know if it's worth the risk of dealing with someone who I don't know and they could be paying with stolen fees. is there any security enforcement on this?

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Grinder
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May 29, 2014, 11:24:36 AM
 #5

If you sell to one of the traders who's been there for a long time and has feedback from 100+ people you're as safe as you can get.
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