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Old 01-11-2017
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elmo elmo is offline
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Default Re: Guide / Tutorial: Buying Bitcoin & Cashing out Bitcoin Anonymously

Quote:
Originally Posted by JamesNorth101 View Post
That did used to be the case until people buying BTC with cash started getting mugged for their cash. Now quite a few of them will ask to see ID before agreeing to meet. Not all, but it is becoming more and more common.

Bank transfers cannot be disputed. ID is requested simply so the seller / buyer is protected
That is not true, the majority of traders for cash are not requesting ID

https://localbitcoins.com/sell-bitco...144/london-uk/

The top 5 cheapest sellers in your area are not requesting ID

--

Bank transfers can be reversed within 15 minutes of initiating the transfer. Its a big problem a lot of BTC traders face that trade, trust me I have many friends in the business. ID is required to protect the seller as well as KYC regulation in the UK

Cash in person is your best bet if you want to buy/sell BTC anonymously.
 

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