Localbitcoin question

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


Comments


[2 Points] Chem_Collector:

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.


[2 Points] penguinmixer:

100-250 btc is his total trade volume (the sum of the amounts of all his trades on LBC so far). You want to look for the minimum and maximum trade size in his advertisement.


[1 Points] Uniqueusername151:

The trade volume is how much they have traded on LBC. Not the amount you can/have to buy. The limits are stated when you click "buy" on an ad it'll say "trade limit: 300-5000" or whatever they put.


[1 Points] justaniceyoungman:

Have you checked out Gold? I know on AB he's under the account "gold_2". He's been around forever. Used him in the past but not recently. He has recent feedback that looks legit. Maybe someone who has used him recently can chime in.

The sellers on LBC usually charge a hefty fee already so Gold's 10% isn't that much. Especially being able to have it the next day at your house. I have been going to the closest ATM which charged 7.5%. Throw gas and time on top and it was over 10% easily.