is usually somewhere around 5-10 on LocalBitcoins. I've never lost any money to scams or thefts. Physical cash is cash held in your hand. In other words, Mycelium provides an escrow service, and guarantees that the seller possesses the amount of bitcoins that they advertised as being for sale. This means that the most convenient banking location may not be associated with a seller who offers the lowest price. Once you download the app, click Buy/Sell : Once you enter your location you should see a list of local sellers: Click on a seller for more info: Again, make sure you buy from sellers with good feedback! The market for Bitcoin has different prices.
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This reason exists mostly because theres no waiting for the arrival of bank transfers, or for verification by an exchange. Another thing to remember, unless you plan to meet near an ATM, is to make sure you bring the agreed-upon amount of cash. Buy Bitcoin with Cash Deposits at a Bank Both LocalBitcoins and Paxful, another peer-to-peer trading site, offer cash deposits as a payment option. Even Yahoo was hacked and information on 1 billion accounts was stolen. Make sure you put in your phone number and press "send verification". So the seller can feel confident that he received payment for bitcoins, and release the bitcoins to the buyer. And theyre slower than face-to-face transactions particularly if theres a long queue at the bank, or the service is slow to verify your trade. Advantages of Bitcoin Peer-to-Peer Trading. There is always risk with anything related to information online.
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