Questions tagged [localbitcoins]

refers to localbitcoins.com

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Legal issues / banking issues selling Bitcoins to people OTC?

I'm wondering what the practical / legal limits are on selling Bitcoin as an individual using Craigslist and LocalBitcoins. Will I run into legal issues / frozen bank accounts as I scale this? Right ...
David Silva Smith's user avatar
8 votes
2 answers
5k views

Are there any legal implications when using localbitcoins.com?

You can get BitCoins for under 100 bucks via CoinBase and there are people on LocalBitCoins who are advertising offers to buy BitCoin for over 100 bucks. The spread is around $10; so I was ...
Pete's user avatar
  • 231
7 votes
3 answers
8k views

How do I buy Bitcoins safely face-to-face?

I've made a contact via LocalBitcoins.com and am going to buy some coins with cash. The seller is not verified, but as we will meet, it sounds ok: I show him the cash. He transfers the Bitcoins. We ...
Borph's user avatar
  • 415
6 votes
2 answers
3k views

I am going to buy bitcoins for the first time from a seller on LocalBitcoins. Please guide me.

I am going to buy bitcoins for the first time from a seller on LocalBitcoins. He says that funds can be transferred via internet banking. He seems to have good feedback, 9+ reviews but I am kind of ...
Ashwin Singh's user avatar
4 votes
1 answer
10k views

What to do when a website says that my bc1... address is invalid?

I used local Bitcoins wallet to send bitcoin to my bitcoin wallet. But it said wrong address
Rehema Olonya's user avatar
3 votes
3 answers
2k views

Are there any online services available to exchange prepaid cards into BTC?

I live in the USA. I would like to use prepaid cards to buy some BTC (less than $100USD) I've tried trucoin.com and the wait time is enormous, 4 days since sign up and still haven't received an invite....
Xilas's user avatar
  • 31
2 votes
1 answer
140 views

What happens if I send small amount of btc lesser than fee?

I tried to deposit a small amount of btc in localbitcoins.com, but it was smaller than their deposit fee so it was not processed by them, now what will happen to that chunk? and can I get back the btc?...
Saravanan's user avatar
  • 123
2 votes
0 answers
44 views

How do LocalBitcoin's merchants prevent volatility risk?

For example, how does a Bitcoin merchant (someone who buys and sells Bitcoin as a business type deal to make commission) prevent the losses induced by the volatility in the market? I.e., say you buy a ...
b0xxed1n's user avatar
  • 121
1 vote
1 answer
7k views

Retrieving my unspent Bitcoin output

I have sent my only begotten BTC from my exchange currency account but not yet received in my blockchain wallet, and when I inquire with my transaction ID, I found my the transaction to be stuck for ...
Menzi's user avatar
  • 11
1 vote
2 answers
392 views

How do I send money from imported keys to my localbitcoin wallet?

Okay, I imported keys from my desktop to MultiBit, it took a while, now I have got a file on my desktop, when I open it with notepad there is like: "receive, *walletadress", receive walletadress" etc. ...
Milosz's user avatar
  • 11
0 votes
1 answer
402 views

Why the difference in send/receive fees on localbitcoins.com?

At least in https://localbitcoins.com/, the fees for sending and receiving Bitcoins (from/to outside localbitcoins, of course) differ by a factor of three, approximately. Currently: 0.08715 mBTC for ...
leonbloy's user avatar
  • 103
0 votes
1 answer
65 views

Localbitcoins history btc_in_usd rate?

In 2016 Localbitcoins (LBC) introduced a new stable variable for price equations called btc_in_usd. It was/is based on the rates of the seven most famous exchanges, and LBC calculates a median price ...
Passerby's user avatar
0 votes
1 answer
316 views

Selling bitcoin from a paper wallet

I'm looking to sell bitcoin from a paper wallet into fiat. So far my research is suggesting that a good way of doing this may be to transfer the paper wallet to LocalBitcoins wallet and sell from ...
shennan's user avatar
  • 115
0 votes
1 answer
176 views

Unexplained fee in electrum to localbitcoins transaction

Unexplained fee in electrum to localbitcoins transaction. How to avoid this in future? I was trying to make a transaction from electrum to localbitcoins 120$, paid 57$ fee for the transaction. https:/...
rubengavidia0x's user avatar
0 votes
1 answer
94 views

What is local Bitcoin?

I was listening to the Pompliano podcast and there was this really awesome guy talking about how he has been able to use local Bitcoin to stay afloat in amidst a collapsing economy and society in his ...
Daniel's user avatar
  • 117
0 votes
1 answer
189 views

Is it possible to get already-sent bitcoins from a corrupted wallet?

I bought some bitcoins on LocalBitcoins then downloaded Bitcoin-qt then instantly sent it to my wallet and now the wallet is corrupted... Is there a way to get them back?
Mike's user avatar
  • 11