Is Buying btc on LBC even worth it...

I only buy $50 to $100 at a time and it's been a while. Trying to figure out what buying $100 worth on LBC and sending to market will actually result in with these fees.

Any help would be great


Comments


[14 Points] allismokeisls:

What i would do is set up a bank account or if you got one buy altcoins (monero, litecoin, btc cash etc..) on coinbase, transfer to your wallet and buy. People saying transaction fees for litecoin right now are only a few cents and it sends quick as fuck so id do that.


[7 Points] crypto-anarchist86:

The best 'anonymous' way to get crypto without paying the higher fees on a peer to peer exchange like LBC is to buy from Coinbase or another verified exchange and mix those cryptos with privacy coins like Monero.

If your bank is a no-go, like I read up a few comments, then use a site like coinmama where you can pay for cryotos with a prepaid debit card or even gift cards.

Amway, once you have your cryotos, it's easy to make them anonymous. Simply send LTC (cheaper fees) to another unverified exchange like Poloniex or Binance. I use both of these exchanges completly anonymously. Once my LTC arrives in my exchange wallet I exchange for Monero. I send that Monero to my private offline wallet or I spend it for whatever.

If the vendor doesn't accept Monero but onky BTC then it use XMR.to (doubke check that url) but it's let's me send XMR to them and they send BTC to whatever wallet address I designate. Any blockchain analysis MAY lead back to them but there would be no way to know I sent them XMR to make a payment on my behalf.

If you don't like trusting a third party to make payments on your behalf then simply move those XMR to another unverified exchange account and buy back the currency your vendor accepts. Simply using XMR as the medium to break all links to identity is key.


[1 Points] Throwaway44839848408:

Too much lol. Seriously though, the fees are ridiculous right now. And you gotta remember that you have to send the btc from LBC to a personal wallet and then send it to the market wallet and pay fees for both those transactions. Then figure in the % markup to buy from LBC. If you absolutely have to buy coin, my advice is to try and find a bitcoin atm near you, it’s cheaper than LBC.


[1 Points] endocervix:

use LTC to move crypto around

I prefer Bitquick.co to LocalBitcoin


[1 Points] GirlsDontLikeIce:

My LBC minimum is $250 and I sell for wayyy above market value.

But i'm fast, online 24/7 and offer whatever payment option you like.

Soooo.. depends how desperate you are..

Don't forget to consider the value you paid for the bitcoin and the value on the market. Also, dollar exchange rates.


[1 Points] Jamessavory1:

Litecoin homie


[1 Points] GirlsDontLikeIce:

I've never paid $10 - $20 fees or waited longer than 30 minutes for a transfer.

I don't know what people are talking about. Totally baffles me.


[1 Points] midipoet:

Does LBC use SW enable wallets? SW transactions are far cheaper as they weigh less.


[1 Points] Checkyostats123:

I've repeatedly found coins at market cost over the past few months on LBC with Western Union or MoneyGram. You just gotta shop around.


[0 Points] JustAnotherDrugUser:

There's sites that are setup exactly like Local Bitcoins except use Monero. I suggesting using that!


[-2 Points] crypto-anarchist86:

BTW, fees for XMR are just as cheap if not cheaper than LTC.