Is buying bitcoins with cash deposit worth the hassle and extra price?

Is using something like localbitcoins and then buying bitcoins with cash deposit better/more safe than using coinbase and linking to one's bank account? or does tumbling make the safety more or less irrelevant?


Comments


[4 Points] AlienInvasionAkAkAk:

It can be a good idea if you are buying a huge amount of them, but I wouldn't know since I'm not a kingpin. I think it is too much hassle and way too expensive for small scale things so I suggest you just link your bank and then tumble those coins baby

Edit: just to clarify, you can always do things in a safer way, it is just what is worth it to you and how much of a risk you are willing to take. Tumbling is fine though


[3 Points] fuckintristan:

Extra price? You should look up LibertyX. They are the only service I use. You pay the current exchange rate and there's 0% in fees for the first 1,000 USD. And then, the next 4,000 USD is only at 1%. You don't have to verify your identity in any way. You create an account using your cell phone number or your FB account. Doesn't take an OP-SEC genius to figure out how to make a fake FB or buy a burner phone.


[1 Points] redditulousfun:

i use cash deposit but im usually after 4 or 5k a week not sure of any other way beside cash in person to safely get that amount of coins


[1 Points] good_sense:

I like the Bitcoin ATMs, keeps large sums of cash from going into my account and then out to circle or coinbase


[1 Points] hedvaard:

Is it common for ppl to just link their bank account and rely on tumbling/pho/multi sig?