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Bitcoin Forum > Economy > Marketplace > Service Discussion > Explain the process of bank transfer with localbitcoins
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Baitty (OP)
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May 28, 2014, 10:54:33 AM
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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
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create account.
make the people deposit to your account.
then you don't have to worry about anything.
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May 28, 2014, 06:34:57 PM
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Quote from: renee25 on May 28, 2014, 05:46:03 PM
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 (OP)
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May 29, 2014, 10:36:49 AM
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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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May 29, 2014, 11:24:36 AM
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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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