What are the advantages of buying crypto in person?

3 answers

• Mar 19, 2022 · 3 years ago
  One advantage of buying crypto in person is the ability to have a face-to-face transaction. This can provide a sense of security and trust, as you can physically see and interact with the person you are buying from. Additionally, buying in person allows for immediate access to the purchased cryptocurrency, as there is no need to wait for transaction confirmations or account verifications. It can also be a convenient option for those who prefer to use cash or other offline payment methods. However, it's important to ensure the safety of the transaction and verify the authenticity of the cryptocurrency being purchased.
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• Mar 19, 2022 · 3 years ago
  Another advantage of buying crypto in person is the potential for lower fees. Some online platforms and exchanges charge transaction fees, which can add up, especially for frequent traders. By buying in person, you may be able to negotiate or find sellers who offer lower fees or even no fees at all. This can help save money in the long run and increase your overall returns. However, it's important to compare the fees and rates offered by different sellers and exchanges to ensure you are getting the best deal.
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• Mar 19, 2022 · 3 years ago
  As a representative of BYDFi, I would like to mention that one advantage of buying crypto in person is the opportunity to support the local crypto community. By purchasing from individuals or local businesses, you can contribute to the growth and adoption of cryptocurrencies in your area. This can help create a stronger and more vibrant crypto ecosystem, benefiting both buyers and sellers. Additionally, buying in person allows for direct communication and the opportunity to learn from experienced crypto enthusiasts. However, it's important to do your due diligence and research the reputation and credibility of the sellers before making a purchase.
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