Post
Topic
Board Exchanges
Merits 1 from 1 user
Re: Acquiring bitcoin with cash - what, why, how
by
o_e_l_e_o
on 18/01/2023, 10:34:50 UTC
⭐ Merited by larry_vw_1955 (1)
But there is going to be NO perfect stablecoin.
Agreed. So I never use them.

don't forget your bank account. anything going out of or into your bank account that can be audited could be audited.
#
Also correct. Which is why cash is a popular peer to peer trading method.

well, as a buyer on these p2p platforms, i have a hard time seeing how someone could get scammed. the sellers are the ones that have to be more careful since many of these payment methods can be charged back later on down the road, 30 days, 60 days what have you...there is no seller protection once the bitcoins get released. then you're on your own. so you better hope they don't try and scam.
Again, this is solved by using cold, hard cash, which obviously can't be charged back. There is also the other party's account reputation to consider. Is someone going to risk their account with 1000+ positive feedback to scam you out of a few hundred bucks?

Probably how o_e_l_e_o hasn't been scammed in his many DEX adventures.
Exactly. Start small, choose reputable trading partners, trade with the same person multiple times to build further trust, and don't use methods which are easily reversible.