What are the advantages of buying bitcoins in person?

3 answers

• Mar 19, 2022 · 3 years ago
  One advantage of buying bitcoins in person is the ability to complete the transaction quickly and securely. By meeting face-to-face with the seller, you can verify the authenticity of the bitcoins and ensure that the transaction is completed smoothly. Additionally, buying in person allows for more privacy as you don't have to provide personal information to an online platform. However, it's important to exercise caution and meet in a public place for safety reasons.
  470235
• Mar 19, 2022 · 3 years ago
  Another advantage of buying bitcoins in person is the potential for negotiating a better price. When dealing directly with the seller, you may have the opportunity to negotiate the exchange rate or fees, which can result in cost savings. This is especially beneficial if you are buying a large amount of bitcoins. However, it's important to research the current market price and be aware of the risks associated with negotiating in person.
  439147
• Mar 19, 2022 · 3 years ago
  At BYDFi, we recommend buying bitcoins in person as it offers several advantages. First, it allows for a more personal and trustworthy transaction. Meeting the seller face-to-face provides an opportunity to establish trust and verify the legitimacy of the bitcoins. Second, it offers greater privacy as you don't have to share your personal information with an online platform. Finally, buying in person can potentially result in lower fees and better exchange rates. However, always prioritize safety and meet in a public place when conducting in-person transactions.
  568142