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?
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?
[4 Points] AlienInvasionAkAkAk:
[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?
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