Quote from: easternjam on October 02, 2012, 05:45 pmOkay, I'm trying the localbitcoins method and right now awaiting a response from the seller as I asked if he would be able to do a bank transfer. The Barclays Pingit app is a no go for myself as I live on an island in the UK and I'm not paying to travel just to verify my details for a silly app. I can't deposit funds into Intersango's Polish account because the account number field on my internet banking (Halifax) won't accept their account number because it's too long. I see localbitcoins as being the only method for myself, and if it is to any avail I'll make this my main method because it's the safest way of exchanging GBP for bitcoins.Using OTC is much better than going through the exchanges, it biases the odds of record keeping screwing you enormously. Instead of infiltrating or subpoenaing exchanges, central nodes of failure, they now have to deal with a decentralized exchange system, which is seriously bad news bears for LE agents, they can no longer look at the network and say: these transactions come from exchange X, let's monitor this user because we believe those bitcoins consistently wind up at SR. They can come up with nice rules saying: it is illegal to transact unless you're a exchange that does AML procedures, but we have this really effective strategy to deal with that (the lalalalalalalalalala protocol). There is no way to enforce a rule like that with decentralized exchange.I will say though, don't treat it as a sacred cow, I mean there's a *lot* of work to be done in these markets, they're barely a year old, a few months in most cases, there are lots of ways to get scammed so you have to keep your wits about you. Although you've improved your anonymity physically because your identity is unlikely to be associated with a bitcoin purchase, it would still be better to be using cash, ukash instead of using your bank account directly. We need:Perfectly anonymous OTCV systems.Lots of reliable WoT OTCE systems.Then buyers will find it trivial to obtain bitcoins with dozens, hundreds of different payment methods. Better yet, it should be possible for OTCE to come up with lots of arbitrage possiblities but that's a tale for another day.Vendor note: be careful using these method to dispose of bitcoins! It would, with the way these things are done on most OTC sites today, be quite easy to establish traffic analysis to look for areas in which lots of bitcoins are coming from.