Re: If I am selling BTC on localbitcoins is it safe to accept cash deposit?
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.
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.
I am planning to sell / buy btc at localbitcoins . My curent plan is to do my homework now before it is too late
Due to my understanding I might get myself in great trouble if I dint done enuf reasearch before engage in bitcoin trading.
My concern now if I ever come across such cases, therefore how should i react. Prevention method?How to mitigate my risk?