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Using cash via localbitcoins is easy in any reasonably populated area. You pay maybe 3-5% premiums over market price to buy from a professional high-availabilit
by wyager 10y ago
Using cash via localbitcoins is easy in any reasonably populated area. You pay maybe 3-5% premiums over market price to buy from a professional high-availability seller. You can buy at or below market price if you're not in a rush.
- oxide 10y agoI was going to do this but there is only one local seller and he had a huge markup.
- jstanley 10y agoYou can trade using online banking on localbitcoins, you don't actually need to be local. In fact I've done over 70 trades on localbitcoins, and never met in person for any one of them.
- oxide 10y agooh wow, I didn't realize that at all. I might do this, I appreciate the advice.
- pjc50 10y agoHow on earth do you verify security for that?
- jstanley 10y agoWhat do you mean? The BTC goes into escrow with Localbitcoins, then the buyer sends the money to the seller's bank account, and then the seller releases the BTC from escrow.
- davidgerard 10y agoBecause business deals in parking lots are famous for working out well.