Tired of getting ass raped by atm fees and want to use localbitcoins. I see i can go into a bank and make a deposit but are the coins held in eacrow i imagine? Also when im looking on a profile it says trade volume 100-250btc. Does this mean the minimum he will let you buy is 100btc? I would only need like 1 at a time right now.
Any other options besides local bitcoins that don't ass rape you in fees? Thanks
Hey man, if you want to do cash deposits then LBC is probably your best bet - just find a vendor that has a lower minimum or look for a vendor that does cash in person & go and meet them and just exchange that way. All escrow unless you meet in person obviously as the vendor will release once you give them the money.
If you are happy to just use your card as bitcoin are legal set up on Coinbase.. start with £100 a week limit, within a week I was up to £500 just make sure you move the coins about a couple wallets before you move it to the market as you may risk your coinbase account getting closed.