- I am still reading, but if I buy from, say localbitcoins. How do I know if the person is giving me one single transaction or multiple small ones?
- Will the person advertise he selling price, but when I buy, I will be slam with high fee because of number of transaction?
- Are fee already built-in in the price saw on localbitcoins?
- When buying from localbitcoins, can I choose and guarantee to use fast/slow transactions and pay corresponding fee?
- Individual seller on localbitcoins, their prices varies from coinmarketcap. Beside finding seller with 1000+, anything else I should watch out?
- If say I want to buy 10 coins in total... if I have the money. What should be my buying strategy given localbitcoins ppl are selling in like 1 coin?
When you buy on localbitcoins using their escrow system (and you should), then the bitcoins are immediately deposited in your localbitcoins account. The transaction does not go through the block chain. It is managed completely by LBC's accounting system. You can withdraw them to your own wallet at your convenience.
As long as they stay within the escrow system, buyers are very well protected. Buyers run into problems when scammers convince them to go outside the system.