Silk Road forums
Discussion => Security => Topic started by: acidicmonkey on June 11, 2013, 03:49 am
-
I have used a variety of BTC websites from bitinstant to virwox. I am and have been using localbitcoins.com for quite a while now and wouldnt dare look back. Localbitcoins is easy to use, doesnt charge ridiculous fees and is so much more simple than other websites.
-
I have used a variety of BTC websites from bitinstant to virwox. I am and have been using localbitcoins.com for quite a while now and wouldnt dare look back. Localbitcoins is easy to use, doesnt charge ridiculous fees and is so much more simple than other websites.
I couldn't agree more...just as always, stay SAFE though! dunno if you are using online option or meeting face to face, but I have met a few very cool people with a lot of insight into the whole BTC market :)
Meet at a safe, well occupied place and do your thing!
~PB2k
-
I have used a variety of BTC websites from bitinstant to virwox. I am and have been using localbitcoins.com for quite a while now and wouldnt dare look back. Localbitcoins is easy to use, doesnt charge ridiculous fees and is so much more simple than other websites.
+1 to you. Was looking for a way to get some BTC and this is promising.
Thanks!
-
+1 an absolute savior! I can't believe this site isn't more well-known. Easily the safest method I've used. Hopefully we can keep it quiet enough, so people don't start over using it and make the rates go up even more.
Literally just walked in and bought BTC from a dude my age. Uses "Half Baked" technique in remembering his customers, ie Blackass! or as in my case, "Giants Hat".So there's no record of names, no paper trail, nothing. You are able to monitor the transaction via blockchain.info, and I received my funds within 2 hours (he processed it as I stood there).
I just contacted the guy directly, and we bypassed the actual site for both of our fiduciary benefits. That way there is no percentage taken out of his end when he withdraws, and reduces our (the buyers) fees to that of BitInstant.
So again... I highly recommend giving LocalBitcoins a shot. It has so far been the smoothest, most efficient BTC transaction I've made on the Road.
Turp
-
Tried this out earlier and it was a GREAT experience! Had my coins in no time at all.
-
I've been using bitinstant, and I'm having all kinds of issues. I wanted to try localbitcoins and I am confused as to how it stays anonymous when it asks for your phone number? Do you create a fake name and user id? How are you paying for the bitcoins? I guess I just don't understand the concept since with bitinstant I made cash purchases? I signed up but I still don't get it? Can someone be kinds enough to help me out?
-
I've been using bitinstant, and I'm having all kinds of issues. I wanted to try localbitcoins and I am confused as to how it stays anonymous when it asks for your phone number? Do you create a fake name and user id? How are you paying for the bitcoins? I guess I just don't understand the concept since with bitinstant I made cash purchases? I signed up but I still don't get it? Can someone be kinds enough to help me out?
I just signed up with Localbitcoins.com and it didn't ask me for my phone number at any time. It appears that they have 2 factor authentication, which would require your phone number but I do not believe it is required. In their FAQ they also mention that you do not even need a phone at all to buy bitcoins. If selling bitcoins, I believe you need the 2 factor authentication.
Quote from their FAQ -
The transaction service is designed to make the local cash-to-bitcoin transaction easier, smoother and faster. The buyer just needs the cash and the verify code. The seller can release the bitcoins on-the-spot using SMS message, smartphone or laptop. We try to minimize hassle with the transaction service.
Note that both parties can cancel the trade at any time. Each trade done with the transaction service will build your reputation on localbitcoins.com
Hope this helps :)
-
Definitely should keep this place on the DL as it is sooo AWESOME!!! I love it and thanks to all for the +1's means the world to open up a new way for people to go about getting their coin!!
-
I was curious what the average percent fee you guys on average are paying on what amount?
I email chatted with a seller this week but didn't get any coins yet. I didn't because on the small amount I needed at the time ($85) I would have paid ~$127/coin when they were listing at $110 at the time.
I'm definitely going to be looking into it the next time I need coins, but wanted to ask all of you what fees (%) you are being charged.
ThAnks.
-
i'm trying to set up a local exchange but the problem is that no one in my area has any feedback (and it's not like i don't live in a populous area).
-
Typically the fee's associated with the transaction are already factored into their BTC prices- this is why different vendors have different prices. Frankly, it's just easier to get BTC in some locations that others, mostly due to banking access. In an area with multiple vendors the fee's drop dramatically. The free-market system has been extremely successful in this regard.
On average, my local vendor charges 5-7% which turns our to be much cheaper than many of the alternatives (fuck you bitinstant), not to mention the transaction immediately shows on blockchain.
Most smart vendors meet in an area that has WiFi availble (ie. coffee shops, panera, etc.) so if you have a laptop they welcome you to bring it with you. As I stated before, the transaction shows up immediately on blockchain, and once in blockchain it's out of the vendors hands. Then just wait for blockchain to do its thing and presto in about 30 minutes you have all of your coins. This is wayyy more convenient than waiting hours to finally see your BTC transaction process.
The reason there is a lack of feedback is because it's rare that anybody actually uses LocalBitcoins.com for the actual transaction. Really, LocalBitcoins just gives you the ability to network with local vendors. Once you meet with the vendor there is typically no talk of LBTC (cheaper for everyone). So there is never really a record of an actual "transaction" per se on LBTC to review. Not to mention most people who use BTC are lazy and afraid to associate their name with their transactions, which is fine, but let's all remember that buying BTC is legal. It's what you do with those BTC that can get you in trouble.
So I wouldn't be shy, but make sure you meet in a public place. Of course there will be some big assholes out there that might try to scam you, so do your due dilligence and protect yourself. Luckily most people associated with BTC are computer geeks like myself and pose no threat whatsoever. Just in case however, meet in public with your your computer or phone to confirm any transactions- and as always... NO NAMES. Can't stress that enough NO. NAMES. EVER. If the vendor has their phone number listed on LBTC, use a Google number to contact them just in case. You can never overprotect yourself or your money from LE.
Anyway, I think I addressed most of the questions here. If you have any more or if there's something I missed let me know and I will try and assist you. After jumping through hoops for so long LBTC seems almost "too easy to be true" but I've used it on numerous occasions and have never been burnt once. But you also can't be stupid about it. Remember they are making money off of each transaction, so they benefit when you benefit.
Hope this helps-
Turp
-
I had someone outside this website tell me about localbitcoins and i just went on and it looks really nice. It also looks like they
don't charge ridiculous fees like mtgox. I'm going to see how it works and in a few weeks, buy some coins from there. I also like
how you can do the cash deposit at banks. That's my favorite way of buying bitcoins I think.
-
All my runoff BTC (on weeks that I don't sell all my BTC to SR clients), goes for sale on localbitcons.com. I love it! Direct bank transfer, which is where i nee my money.
Anyone who is Canadian and wants coins on localbitcoins.com, if you see 'coins4canadians' that's me. I have anwywhere from $400-2000 available each week that doesn't sell to existing clients
-
I too have experienced problems with BitInstant and am interested in trying LocalBitcoins. Thanks.
-
Be careful who you deal with and what info you give them. I used a girlfriend's bank account to pay for coin, and the buyer net-stalked her, and tried to make internet friends until we blocked him and deleted her public photos. Fucking loser...
-
My first transaction, through localbitcoins, ran smoothly. Pretty decent seller feedback & rating system. Escrow protection too.
-
Just did my first transaction with them. And like others have said....WOW!! Very impressive.....not turning back.
-
Be careful who you deal with and what info you give them. I used a girlfriend's bank account to pay for coin, and the buyer net-stalked her, and tried to make internet friends until we blocked him and deleted her public photos. Fucking loser...
Solid advice for any internet situation, especially if you're a girl.
-
For those buying bitcoins via bank transfer, are you concerned at all about the lack of anonymity since you are using an account that presumably has your name attached to it?
I would prefer to do a transfer since it seems the simplest method but I guess I would prefer to make the trade as anonymous as possible.
-
Some vendors offer a Cash-in-Mail options. Coins are put in escrow right away. You express ship the cash. Works like a charm. Only lost about 3-4%.
-
For those buying bitcoins via bank transfer, are you concerned at all about the lack of anonymity since you are using an account that presumably has your name attached to it?
I would prefer to do a transfer since it seems the simplest method but I guess I would prefer to make the trade as anonymous as possible.
that's why folks prefer the cash deposit method - ie, you go by the seller's bank and make a cash deposit to his bank acct - his bank does not take any identification info
-
Since my second ever purchase of bitcoins (about a year ago) Ive been using localbitcoins.com. For the past 6 months I use one of either two people, and we just do the deal via email now.
Very easy, and over counter deposit is great.
-
Had my first transaction with LocalBitcoin yesterday and it went smooth as fuck. Didn't have many local sellers so I went with an online seller and did a cash bank deposit. Took about 20 minutes after I confirmed the transaction to get the coins in my wallet, not bad at all.
BitInstant had been working well for me so I never even looked into Localbitcoins. I thought it was only local face to face transactions, had no clue there was an online option. Probably won't be using Bitinstant if it ever does come back online, they probably lost a lot of business shutting down the way they did.
-
When i go onto localbitcoins.com and i try and click the listing i would like to buy. it just pops up a blank page.
Using liberte linux, epiphany browser:)
much love_Mcrad!
-
When i go onto localbitcoins.com and i try and click the listing i would like to buy. it just pops up a blank page.
Using liberte linux, epiphany browser:)
much love_Mcrad!
Hey Mcrad
I think sometimes he runs out of coins and then it says that, check again if not as these vendors go in and out all day most days.
take care!
-
I cant believe more people dont know about this site, It is very simple and works like a charm, No idea how its still unknown there must be somebody every week asking about it.
My only problem is there isnt a lot of people meeting face to face, Some do and some dont, There is anonymous ways to buy them though with deposits etc.
Very reliable.
-
Tony the Tiger says to use Localbitcoins.com. It's grrrreat! ;D
-
Going to try it out in a couple days if my normal BTC guy doesnt come through for me
much love_mcrad!
-
I have used Localbitcoins.com in-person money transaction. The trader simply accepted my cash and showed me the verification code. The coins were in my Silk Road wallet within a couple hours. It was great.
I didn't even know there was an online option. Looks like I'm gonna be heading back there. Great topic!
-
I can't do the in-person method as I don't like meeting, as well as being in a remote area where the nearest seller is 34+ miles away at best.
The online option is VERY expensive. I wish there was a better on-line alternative. BitInstant was golden.
-
I think the in-person meeting (provided it's convenient) would be more anonymous than making a bank transaction without ID, as you are still on camera at the bank. Am I right?
-
I think the in-person meeting (provided it's convenient) would be more anonymous than making a bank transaction without ID, as you are still on camera at the bank. Am I right?
Of course, but there's also options for MoneyPak, Moneygram, and Western Union that don't require these. I would think they're even safer than in person as the issuer has zero clue what you look like.
-
I would like to use localbitcoins, but the closest person selling is hours away from me :(
Mr.Black
-
has anyone used cash in mail to pay? is it really that easy/anonymous as it sounds? also, how does the escrow work?, does the cash need to have a tracking number?
thanks ya'll
-
Ditto on all the positives about localbitcoins. I pretty much deal with one guy and he will release early out of escrow if I have a 911. Setting up a btc site using escrow is sooo much better and safer.
-
Some people on here are not very smart!!! (1 in particular) There was a guy here a while back who had the the police come and visit him when he publicly connected his SR user name to his Localbitcoins name. and it didnt take to long.
they are looking for people on there who get there funds illicitly.
And he is not the only one who has met with an undercover cop at a Localbitcoins transaction.
BE CAREFUL!!!!
-
dudes..
if i were a btc seller and someone advertised me on here, i would probably not be happy. regardless of any additional income, the last thing i need is LE coming to me asking questions about my btc buyers and my relation to SR. regardless if what im doing is legal, i still wouldn't want anything to do with that kind of situation.
-
There was a story in the news a few weeks back about how one of the bitcoins crazies who actually believed in it, sold some BTC to help him move. Well 2 weeks later, after meeting a sketchy guy, the police knock his fucking door down. Guy didn't even do drugs.
They assumed that anyone selling bitcoins was a internet drug dealer. I bet They are right most the time too. I have been thinking about meeting up one of these bitcoin sellers and following him to his home to plan a home invasion.
"MOTHERFUCKER DRUGS, PASSWORD, AND YUBIKEY IN THE BAG NOW OR THE BITCH GETS IT"
-
Can someone be so kind as give me some advice? Preferably PM. I'm not good with this stuff... Anyhow, been using bitcopia, or sugarmama. Now I want to try this localbtc. Found a guy near me with good ratings, was going to meet him with cash but chickened out. Getting robbed is the least of my worrys, getting scammed is.
Now he sketched me out even more cause he doesn't want to do a smaller amount... He has great ratings and all, but scammers are smart... he could've made them himself or ???
Is there a way I could make him prove his legitimacy? Please help. Thanks
-
Okay, I may not be adding much new information, but I just completed my first "cash deposit" transaction (definitely my preferred method and I pretty much try to avoid all others). I used to use bitinstant until that all fell apart, and localbitcoins is by far easier to use and faster.
There are some local meet up options for me less than 10 minutes from my place, and one day I might do that. But I simply sorted by "All US online sellers" found some that allowed for cash deposits within my limits, placed the order, went and made the deposit, and the BTC was in my account in less than 15 minutes.
Again, localbitcoins is far and away better than any other method of purchasing bitcoins I've ever used.
-
I'm looking up buybitcoin.us and all that's coming up is BitQuick. Anyone have any thoughts on either one or why that one is showing up?
-
There was a story in the news a few weeks back about how one of the bitcoins crazies who actually believed in it, sold some BTC to help him move. Well 2 weeks later, after meeting a sketchy guy, the police knock his fucking door down. Guy didn't even do drugs.
They assumed that anyone selling bitcoins was a internet drug dealer. I bet They are right most the time too. I have been thinking about meeting up one of these bitcoin sellers and following him to his home to plan a home invasion.
"MOTHERFUCKER DRUGS, PASSWORD, AND YUBIKEY IN THE BAG NOW OR THE BITCH GETS IT"
a guest account? did the forums just get hacked?
-
I'm in the process of making my first transaction on LB using a cash deposit. It's all very much on trust this way, but as soon as I made my order request, the guy was there to help and comes over very professional. I'll let you know how things go :)
-
has anyone used cash in mail to pay? is it really that easy/anonymous as it sounds? also, how does the escrow work?, does the cash need to have a tracking number?
thanks ya'll
Just did a cash in mail trade - find a trader with solid reviews and you should be fine. Sent in a priority envelope because I like the tracking.
Yep, easy and anon. Don't know about escrow with cash in mail though...i'd imagine your only recourse would be to leave a bad review. If they're scamming you they're scamming others and it doesn't take long for word to get out.
-
The first time I bought a Bitcoin, I used LocalBitCoins.com. I don't drive, and had a friend take me to get the MoneyGram placed. Well, I took too long, and the transaction timed out. The seller, "Josh", had given me his phone number (just a GoogleVoice number, easy to ignore/replace... impossible to track). He answered right away though and told me not to worry. He transferred the coins directly to my SR Wallet for me. I used him again, and this time he wanted payment via GreenDot MoneyPack (cheaper than MG or WU). I told him how much I wanted, and went and got the card. Then, I got distracted, and had to leave for work (we were working outside of LBC.com since I trusted him). I got home, hoping he was still up and not annoyed. The coins were in my SR Wallet ALREADY!!! I'm a good, decent human being (as he was to me), so I quickly got him the code for his funds. He had misunderstood the amount I put on the GD, but promptly transferred the difference to me.
Awesome guy, but his prices are high as he's out of the country right now.
Anyways, LBC.com is THE SHIT!
Peace&Love,
~f.xy
-
My first LB trade went through without any problems. The transaction was about as easy as things get, and the exchange rate was very good.
Here in the UK, it's not that easy to obtain coins confidentially. But this method was just so easy. A quick glance through LB to find someone online and willing to trade with somebody with no stats and who was offering a good rate, then a quick message along with my order. The guy was super helpful too. I made a note of his bank account and went into town to make a cash deposit. Untraceable transaction. Thank you LB. If anyone wants a reliable and trusted cash deposit trader on LB, pm me.
-
Can I ask why if given the option would you meet local as opposed to making a cash deposit? I have done the cash deposit method many times and it is fast, convenient and fairly anonymous.
Why add the extra factor of meeting someone. Gotta love Localbitcoin though, so far the best system in the last 2 years that I have used.
Speed is on par with the best past systems, but the prices can't be beat. Shit many times I'm paying considerably less than the current MTGox price.
While BTCKing and BlueSky (and numerous other past vendors)were good and at the time and possibly the most convenient, their fees reflected that.
many times you had to factor in another 8-12% to cover their cost. Not anymore and that's a good thing, right Martha?!?
-
All my runoff BTC (on weeks that I don't sell all my BTC to SR clients), goes for sale on localbitcons.com. I love it! Direct bank transfer, which is where i nee my money.
Anyone who is Canadian and wants coins on localbitcoins.com, if you see 'coins4canadians' that's me. I have anwywhere from $400-2000 available each week that doesn't sell to existing clients
I hope you are aware that you have just made LE aware of the fact that your localbitcoin profile belongs to a confirmed SR vendor. Silly move really...
-
All my runoff BTC (on weeks that I don't sell all my BTC to SR clients), goes for sale on localbitcons.com. I love it! Direct bank transfer, which is where i nee my money.
Anyone who is Canadian and wants coins on localbitcoins.com, if you see 'coins4canadians' that's me. I have anwywhere from $400-2000 available each week that doesn't sell to existing clients
I hope you are aware that you have just made LE aware of the fact that your localbitcoin profile belongs to a confirmed SR vendor. Silly move really...
Does anything around here really surprise you anymore? There have been SR users/vendors that have the same name as their youtube accounts.
-
All my runoff BTC (on weeks that I don't sell all my BTC to SR clients), goes for sale on localbitcons.com. I love it! Direct bank transfer, which is where i nee my money.
Anyone who is Canadian and wants coins on localbitcoins.com, if you see 'coins4canadians' that's me. I have anwywhere from $400-2000 available each week that doesn't sell to existing clients
I hope you are aware that you have just made LE aware of the fact that your localbitcoin profile belongs to a confirmed SR vendor. Silly move really...
S'bad as it sounds but sometimes I think we need more high-profile busts so people get their shit together again. Everyone and their dog is getting so complacent. I mean seriously, this vendor could as well have published his bank account no. in this thread...
Does anything around here really surprise you anymore? There have been SR users/vendors that have the same name as their youtube accounts.
-
Use localbitcoins as my main supplier. Not many options living in UK
paying over bank transfer, rates a couple £ lower than gox average too :)
-
Finally got on the localbitcoin wagon today. Picked the trader with the highest rating locally, and thankfully was only a 15 minute drive to meet up with him (in his bank parking lot, haha). The network was super slow today, but from his great communication I gave him the cash anyways while escrow was being finalized. Nice getting some extra coin over what I would have paid at btcquick.
-
Use localbitcoins as my main supplier. Not many options living in UK
Spot on Angel. I'm amazed it's taken me so long to work out. I just didn't realise LB was so easy.
Cash in the post and all the risks that runs? No more. And no more Vlad1m1rs thanks very much.
-
bumpa
-
I've looked at LB, but how do i know what fee the seller is charging for instance a bank transfer? Do we Just look at the price of BTC next to the sellers page?
-
I've looked at LB, but how do i know what fee the seller is charging for instance a bank transfer? Do we Just look at the price of BTC next to the sellers page?
I believe sellers usually just make an advert and set a price or formula for what price they charge per Bitcoin. They can choose any price they want to charge. You look at the adds and see what their current price per coin is. You can begin to make an order for however many coins you want to buy. Then, if you read your offer details before you finalize the offer, the LBC details of your transaction can be seen with what price you are paying per coin. You then compare that price to Mt Gox or SR's value to see how it compares. I think the LBC site charges 1% (on any deal that goes through their system) and they charge the advertiser that fee. Going through their system on a face to face makes the deal happen nearly instantly with no waiting for the blockchain. If you cancel any deal on LBC and just meet for a trade, you can do it outside the LBC system and save the advertiser that 1%, but you then have to wait for the blockchain to have the coins.
If you do an online type purchase, there is an escrow system with another fee attached (if you use the LBC escrow system). I don't remember what the escrow fee is or who it gets charged to, but, I'm sure that info is easy to find on the LBC site.
Face to face meetings:
Phone? No one needs a phone as far as I know. It just makes you look more reliable to be verified. In a face to face, one person needs a smartphone or computer to tell the LBC site to transfer the coins. I think it is best that the buyer of coins have that so they can be checking to be sure they got the coins. If the buyer and seller both want to be anonymous and do not want to use a smartphone to send an sms message, then the seller may need a computer to use Tor to access their account to finalize the transfer. Seller should not use the buyers computer to log into LBC - though that would work in theory. Not all LBC traders care about being anonymous. So, some don't mind using their smartphone to send the SMS message. The coin seller has a code to send to LBC via SMS to finalize. I don't know if that code can also be used by a buyer to finalize on LBC using a computer logged into the buyers account. I'd guess there is a way to do that so the seller does not need a smartphone or computer.
Online deals/adverts:
Phone? I dont know. Don't think so though.
-
I had bad experiences when trying to use CoinBase to purchase my first BitCoins. They have virtually no customer support and told me that I was a "High Fraud Risk," even though I had verified two different bank accounts...I will not use them again.
I then used LocalBitCoins for a cash transfer and had coins in about 3 minutes after deposit...You really can't beat that, and the prices are higher than some places, but there is absolutely no hassle whatsoever...Will never use anything else.
-
Woah, I'm surprised this would come up, I thought it was kinda known around here already. When starting my journey on the road it's the first thing that popped up in my quest for anon BTC and have been using it ever since. It's great, all you need is 2 smartphones and cash. You can even use the scan codes with the vendor, perfect.
But as peeps have been stressing out, always remain anon and go on the site with a vpn or tor. Never give your name to the vendor. And don't always buy from the same guy, he might be astonished by your need for so many coins...
I literally wouldn't know how to source for btc otherwise lol
-
There are several options too: cash mail, western union, bank transfer and the best is cash in hand of course.
-
Hey guys, trying to make my first transaction. Placed an order for 4100 this morning, but the seller is telling me it takes a little bit of time to process the first purchase. Can anyone confirm this? If that's true, anyone know how long it takes roughly? Does the quantity weigh on it or is it about the same for any first time purchase? Thanks guys!
~DFG~
-
thats not true. he can release coins as soon as payment made.
how did you pay? are you using escrow?
-
I haven't yet payed, I'm trying to meet her in person but she's saying she needed to request to fund it and we'll both be informed once she's able to fund it and we can meet. Is that not right?
-
yeah, when meeting in person they have to fund it so it can be released. you get a code that they dont know. once they release the coins they get the code, tell it to you and you're good to go.
if you verified your phone# you will get a text instantly once coins are released.
-
All my runoff BTC (on weeks that I don't sell all my BTC to SR clients), goes for sale on localbitcons.com. I love it! Direct bank transfer, which is where i nee my money.
Anyone who is Canadian and wants coins on localbitcoins.com, if you see 'coins4canadians' that's me. I have anwywhere from $400-2000 available each week that doesn't sell to existing clients
I hope you are aware that you have just made LE aware of the fact that your localbitcoin profile belongs to a confirmed SR vendor. Silly move really...
Does anything around here really surprise you anymore? There have been SR users/vendors that have the same name as their youtube accounts.
lol. Yes I have linked my vendor account to localbitcoins. Bitcoins are a legal commodity, and law enforcement officers are free to purchase BTC from me, as any other person can. I am not committing any crimes, and I am one of the few, if not the first/only SR vendor to operate legally using SR as a marketing tool. Since SR gets its roots from the anonymity that keeps people from compromising their identification, and protects their security, I maintain this practice in my business by deleting customer data with multiple overrides and recording sales for accounting purposes as cash deals via BTC trade.
I'm not an idiot, I'm a businessperson who got onto SR at the right time as a legal business to be established and trusted by my customers as a business that is not a honeypot to obtain information. We are a business with ethics, and we have a great respect and mutual trust between many clients. Unfortunately others will try to operate completely legally on SR, but will fail due to the suspicion of such a business.
That said, we aren't around localbitcoins that much anymore as we have a high demand for BTC in exchange for cash/bank transfers.
-
As a buyer the price you see advertised is the price you pay. There are no other LBC fees for the buyer. The seller incurs a 1% fee if the coins are purchased through an advertisement. Face to face meetings have no fee for the seller. The buyer gets escrow and a locked in price for coins.
And still there are people constantly asking where to get coins. It's amazing.
-
As a buyer the price you see advertised is the price you pay. There are no other LBC fees for the buyer. The seller incurs a 1% fee if the coins are purchased through an advertisement. Face to face meetings have no fee for the seller. The buyer gets escrow and a locked in price for coins.
And still there are people constantly asking where to get coins. It's amazing.
You are misinformed. You can respond to an ad to meet face-to-face or deposit. You do not get escrow in face-to-face meetings. Seller pays a fee no matter what.
-
I don't really like LBC tbh. Especially as a BTC seller. People are really flakey and unresponsive most of the time and it's a huge crapshoot for any sort of stable or consistent exchange. Two days ago, I put 25 BTC in escrow for a posted buyer on LBC and got no response and had to have admin put my money back in my wallet. Yea, and admin took over 24 hours to resolve the dispute. Not a great experience in my book.
-
All my runoff BTC (on weeks that I don't sell all my BTC to SR clients), goes for sale on localbitcons.com. I love it! Direct bank transfer, which is where i nee my money.
Anyone who is Canadian and wants coins on localbitcoins.com, if you see 'coins4canadians' that's me. I have anwywhere from $400-2000 available each week that doesn't sell to existing clients
I hope you are aware that you have just made LE aware of the fact that your localbitcoin profile belongs to a confirmed SR vendor. Silly move really...
Does anything around here really surprise you anymore? There have been SR users/vendors that have the same name as their youtube accounts.
lol. Yes I have linked my vendor account to localbitcoins. Bitcoins are a legal commodity, and law enforcement officers are free to purchase BTC from me, as any other person can. I am not committing any crimes, and I am one of the few, if not the first/only SR vendor to operate legally using SR as a marketing tool. Since SR gets its roots from the anonymity that keeps people from compromising their identification, and protects their security, I maintain this practice in my business by deleting customer data with multiple overrides and recording sales for accounting purposes as cash deals via BTC trade.
I'm not an idiot, I'm a businessperson who got onto SR at the right time as a legal business to be established and trusted by my customers as a business that is not a honeypot to obtain information. We are a business with ethics, and we have a great respect and mutual trust between many clients. Unfortunately others will try to operate completely legally on SR, but will fail due to the suspicion of such a business.
That said, we aren't around localbitcoins that much anymore as we have a high demand for BTC in exchange for cash/bank transfers.
Operating on SR is illegal, end of story.
Paying vendor bond and commission fees are voluntary contributions to a black market, and further facilitate its operation. That alone is conspiracy involvement with a drug organization, even if your products themselves are legal.
-
... You can respond to an ad to meet face-to-face or deposit. You do not get escrow in face-to-face meetings. Seller pays a fee no matter what.
I think you can invoke escrow for face to face, but there is no good reason to do so.
The seller does not pay a fee if the buyer made the advertisement or if the deal is canceled on LBC and the people meet to do the trade wallet to wallet (slower confirmation). I think the fee free way is often used by people once they get to know each other better from previous trades.
-
As a buyer the price you see advertised is the price you pay. There are no other LBC fees for the buyer. The seller incurs a 1% fee if the coins are purchased through an advertisement. Face to face meetings have no fee for the seller. The buyer gets escrow and a locked in price for coins.
And still there are people constantly asking where to get coins. It's amazing.
You are misinformed. You can respond to an ad to meet face-to-face or deposit. You do not get escrow in face-to-face meetings. Seller pays a fee no matter what.
I said no such thing. You're obviously not familiar with LBC. Escrow is available all the way. Face to face meetings without escrow cost the seller nothing.
-
You only need to use escrow when paying through a bank transfer or other non-face to face way. No different from SR.
If you do meet face to face then all you need to do is go through the LBC system. Have the seller fund the transaction just before you meet. Then all he has to do is release the funds into your temp LBC wallet after you hand over your cash. You'll get a text message with your private confirmation code (known only to you before the trade is done) confirming that the coins are in your temp wallet. Or if you don't want to list your cell number in the LBC system then you can just meet at a place that has wifi and login to your LBC account directly to confirm the transfer.
Very very simple, quick and easy. Not to mention safe. Both sides are protected using the LBC system and for only a 1% fee.
-
I have used a variety of BTC websites from bitinstant to virwox. I am and have been using localbitcoins.com for quite a while now and wouldnt dare look back. Localbitcoins is easy to use, doesnt charge ridiculous fees and is so much more simple than other websites.
yep it's pretty awesome and the best thing is it can never be shut down from bullshit laws because it's not a money transmitter it's an escrow system for buyers and sellers. That is of course that the government doesn't make another bullshit law.
-
When I first started using LBC the price per coin was slightly higher than the going rate. So say BTC were at £80 most of the sellers would be charging £83 or £85 a coin.
The last few times LBC has had sellers selling at even cheaper rates. So say the BTC is at £80, now sellers offer them at £75-£77. I'm not complaining obviously, just wondering why thus is the case.
I wondered if this is due to vendors cashing out or something? Anotherr good reason to use the site to buy coins anyway. It has become faster and more efficient since I've been using it too. Transactions can take as little as five minutes
-
If anyone wants about $50-200BTC a week via PayPal, I usually need a paypal USD balance of $200 every week for some business expenses. I would prefer to have recurring customers tho so I can build trust, although most people are trustworthy.
Anyone who want's to do this (I sold all my BTC from last week on the weekend, so none til tomorrow), PM me on SR. You will be Invoiced for "Enterprise Risk Management Services" or similar, which I don't believe offers buyer protection since my business is verified, and services can't be reproduced to prove their incompletion.
You will be given the right to leave feedback on my EMT listing (ignore the Canadian bank details - you can mention PayPal in feedback too) and on my vendor profile. Simply order 1 transfer for $0 and I'll accept, allowing you to finalize and leave a review of your experience. Money must be paid to me first, and if you don't trust me that's fine, you don't have to give me money lol. I wouldn't take 5K cash if it was sent before I closed my end of the deal. I don't wanna be fucked around with so expect to be treated the same :)
-
When I first started using LBC the price per coin was slightly higher than the going rate. So say BTC were at £80 most of the sellers would be charging £83 or £85 a coin.
The last few times LBC has had sellers selling at even cheaper rates. So say the BTC is at £80, now sellers offer them at £75-£77. I'm not complaining obviously, just wondering why thus is the case.
I wondered if this is due to vendors cashing out or something? Anotherr good reason to use the site to buy coins anyway. It has become faster and more efficient since I've been using it too. Transactions can take as little as five minutes
They might be vendors or have gotten their coins cheaper from a vendor or Money launderer. Recently, though, Mt Gox rates have been higher than you can sell Btc for anywhere else due, as I understand it, to Problems getting USD out of Gox in the USA (high demand for BTC on Gox by people who have to spend USD on Btc to get the USD out of their Gox account - and - Low Btc supply on Gox as no one from the USA should be selling Btc on Mt Gox unless they don't care about getting the USD out of Gox). So, Btc sellers may be looking at the lower rates at other exchanges when they choose a price to offer.
-
So glad I saw this thread... was wondering where the best place to source BTC was, and now I know :-)
No sellers within 80 miles of my location but I'm happy to do an over-the-counter transfer at a local bank.
-
When I first started using LBC the price per coin was slightly higher than the going rate. So say BTC were at £80 most of the sellers would be charging £83 or £85 a coin.
The last few times LBC has had sellers selling at even cheaper rates. So say the BTC is at £80, now sellers offer them at £75-£77. I'm not complaining obviously, just wondering why thus is the case.
I wondered if this is due to vendors cashing out or something? Anotherr good reason to use the site to buy coins anyway. It has become faster and more efficient since I've been using it too. Transactions can take as little as five minutes
A few weeks back LBC switched from the Gox rate to the bitstamp rate as the default. That's likely why you saw a price drop. But each time the value of BTC drops the sellers lose.
-
so i think i have it figured out how to use localbitcoins.com
but can someone walk me through how id purchase coins with a debit or credit card?
much love_mcrad!
-
Purchasing coins with a debit or credit card isn't really a good idea as you don't have anonymity. There are sites where you can do this, but I'd assume they would require some sort of id check. Maybe you could use western union?
-
Paying with cash at a local bank is the way to go.
Literally took less than 45 mins all told to get coins.
Vendor was nice and fast.
Coins to road in less than 8 hours total after flipping.
Weed to me in a week.
Heavan.
-
so i think i have it figured out how to use localbitcoins.com
but can someone walk me through how id purchase coins with a debit or credit card?
much love_mcrad!
I don't know and most credit cards are linked to your identity - so not a good idea? But, if you really want to, you might use the card to get cash at your card's bank/atm and then use the cash to deposit as discussed above or you might ask a LBC vendor that is selling coins if they know how to do that. If they accept deposits at the bank that matches your card, that might be easiest.
-
You only need to use escrow when paying through a bank transfer or other non-face to face way. No different from SR.
If you do meet face to face then all you need to do is go through the LBC system. Have the seller fund the transaction just before you meet. Then all he has to do is release the funds into your temp LBC wallet after you hand over your cash. You'll get a text message with your private confirmation code (known only to you before the trade is done) confirming that the coins are in your temp wallet. Or if you don't want to list your cell number in the LBC system then you can just meet at a place that has wifi and login to your LBC account directly to confirm the transfer.
Very very simple, quick and easy. Not to mention safe. Both sides are protected using the LBC system and for only a 1% fee.
Interesting, thanks!
Would you say it was safe to list your mobile number?
-
I will also highly recommend Localbitcoins.com
Couldn't be easier. Cash at bank deposit. Had my coins in seconds. Escrow and feedback systems keep things legit.
This beats the old Bitinstant process in every respect.
Consider your anonymity and make smart choices, but keep in mind that it is perfectly legal to purchase BTC.
-
Would you say it was safe to list your mobile number?
Depends how safe you want/need to be. I feel that LE is mostly interested in people selling Btc on LBC. I could be wrong about that though. If you really don't want LE or the IRS to be able to link you to LBC transactions, then maybe a burner phone that is not linked to your true identity. You would probably have to ONLY use it for LBC, and, I think they could still triangulate your location even if you turn off the GPS tracking system (smart phones have on by default).
-
Just used LocalBitcoins. Great experience.
Very easy and very quick. I think I paid less than 3% overhead compared to SR at the time.
I will be using this service again, for sure.
-
depending on who you buy from you can get a damn good rate alot better than mt gox or anything on SR.
-
Just did my first transaction with Localbitcoins the other day. fast smooth. and owns bitinstant:)
much love_mcrad!