Buying Bitcoin with Prepaid banks

vetus · #1 05-03-2017

Can anyone tell me when buying Bitcoin through LocalBitcoins which type of payment is it that has to be chosen to pay with a prepaid bank?

If I want to pay with Cashplus / Uaccount do I still need to choose NATIONAL BANK TRANSFER?

Thanks in advance

JamesNorth101 · #2 05-03-2017

If your paying via bank transfer then yes that is the option.

Is a payment sent form mycahsplus one that clearly instantly? I have not used them for a long time, but if I remember payments out were not always instant which could lead to slight issues

vetus · #3 05-03-2017

No not instant - if sent before 4:30pm then up to 2 hours.

Ebayorbust · #4 05-03-2017

It'll be bank transfer for both.

I've received a few payments recently from uaccounts and mycashplus. Both are extremely slow and always longer than two hours. Best to mention to the BTC seller that the transfer can take a good few hours.

vetus · #5 05-03-2017

Uaccount can take until the end of the banking day before showing - OK will do. Thanks for the input.

JamesNorth101 · #6 05-03-2017

Bare in mind that a lot of BTC sellers will want ID from you

vetus · #7 05-03-2017

Got one that doesn't as have traded before.