Post
Topic
Board Beginners & Help
Re: If I am selling BTC on localbitcoins is it safe to accept cash deposit?
by
Dogtanian
on 02/01/2014, 12:52:35 UTC
Is it reversible if the one who deposit make a claim to bank? Is there any different between  cash deposit over machine and over the counter? Could cash deposit get us in trouble if the money is  stolen fund or obtained illegally? Due to my notice there already been cases whereby bitcoin seller been requested to return the stolen money to rightful owner as suffer huge losses.

I think its pretty safe. I don't think bank transfers are reversible.