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, 13:18:41 UTC
I think its pretty safe. I don't think bank transfers are reversible.

WRONG! Yes, they are.

OP, if they're making a "cash" deposit into your account, how could one, to include the bank, tell whether the cash was obtained illegally? The safest bet is to have the buyer physically go to your bank and make a cash deposit. I wouldn't trust wires or transfers of any kind.

For example if someone were using obtain the ransom obtain from kidnapping and somehow police found out part of the money been  moved into my account. I might be thinking too much but i just plan to play safe..

What kind of people are you going to be dealing with? lol. Any money you ever hold could be stolen money.