Post
Topic
Board Beginners & Help
Re: Difference between physical meetups and online exchanges
by
notlist3d
on 14/05/2015, 20:58:56 UTC
What are the pros and cons of buying bitcoins in person in a physical meet up as opposed to using an exchange.

Pro -> Anonymity. Well you have to show your face, but not your POR and bank account details.
Con -> Robbery risk. It happend in the past and it will happen again. If you meet with someone in person you might get lured into a trap, hit on the head and have your money and/or coins stolen.

An exchange might rob you as well, but at least you dont get hit on the head.

you may also end to be arrested as it has happened with burst, if police caught you off guard, there are i think some spy searching for those guys doing trading in RL

anyway in the usa is more severe, in other country you should do face to face trade more easily with less worry

Arrested? No, they would need to establish that I am a flight risk (which I am not). Besides the fact that I did not break any laws I find the idea hilarious that the police is waiting at a local McDonalds to catch some bitcoin traders.

Technically if in US you could be seen as money launder.   But they don't seem to enforce this much on individuals.  They go for the exchanges it seems.

Biggest time was around silk road take down they did go after people on money laundering.  Look up Charlie Shrem, he did get some serious trouble for what they considered money laundering.