Re: [ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace
Hello,
I've just started looking at LocalBitcoins.com for an online buy funded from within the US. I'm having a little trouble sorting through and understanding all the available funding options, and their costs. I see many funding options listed - including OKPay, MoneyGram, Western Union, bank transfers from specific banks, etc.
Is there somewhere I can easily find out more about the cost and restrictions of each funding option, without researching each one individually? I'm a little overwhelmed by the funding options. I've tried doing the research myself, but some of the funding options (like MoneyGram) offer different services at different fees. I'm not sure even which service is correct.
Sorry for the noob question, and thanks in advance for any helpful response
I've just started looking at LocalBitcoins.com for an online buy funded from within the US. I'm having a little trouble sorting through and understanding all the available funding options, and their costs. I see many funding options listed - including OKPay, MoneyGram, Western Union, bank transfers from specific banks, etc.
Is there somewhere I can easily find out more about the cost and restrictions of each funding option, without researching each one individually? I'm a little overwhelmed by the funding options. I've tried doing the research myself, but some of the funding options (like MoneyGram) offer different services at different fees. I'm not sure even which service is correct.
Sorry for the noob question, and thanks in advance for any helpful response
Here's a suggestion: Try to find someone local on localbitcoins.com and meet him. Most traders doing local trades are friendly guys who are also happy to explain stuff to you. They want to spread the bitcoin love.
You pay him cash and he'll give you bitcoin (you don't have to use localbitcoins.com wallet or escrow). If you have a smartphone or laptop, you can have a wallet on that und receive the money directly... a lot less complicated. (Don't give him the cash before your wallet says: "1 confirmation" as a precaution).
Fun fact: two of the people I sold bitcoins to, came without a clue about bitcoin, so with one I went to an internet café where I helped him set up a hosted wallet (telling him 10 times how bad an idea it is to do that in an internet café but for demonstrative purpose at this small sum, .. blablabla) and another listened to how bitcoin works and we agreed for him to mail me an address once he has a wallet set up. I could have stolen the cash from both, easily and I know there are people that would, so be careful. Else I agree that most people are very very friendly and talkative when it comes to bitcoin.