from cash purchases and "cash back from bitcoin purchases both integrated with the point of sale system. Logs of transactions are deleted after 90 days. Just like air guitars, person -to- person sales of bitcoin "transfer rights" will continue. While the limits on these services are one bitcoin and 200 respectively, it serves as a great incentive to sample the merchants product and smartly acquire some bitcoin at the same time. Purchasing bitcoins with cash from another person is the most anonymous way to buy bitcoins.
Like classified ads, users post how much bitcoin they want to buy, and the price theyre willing to pay. In the general classification of commodity, bitcoin 's trade is similar to any other collectible item, such as antique diamonds, celebrity autographs, moon rocks, Buddha figurines, and baseball cards. Would Fincen also want to regulate the commodity-based exchange of rare gems and Tide detergent?
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Plus, you have a variety of payment options for making your bitcoin trades. Escrow User Feedback System National Currencies USD EUR INR TWD Supported Countries United States EU countries India Taiwan Payment Methods Bank account cash deposit (instant) sepa transfer (EU only, 1 day) Fees 2 per transaction to buy 0 to sell Verification Requirements No requirements for. Always make sure to meet sellers in a public place. Therefore, crypto-key disclosure laws may become the next battlefield for cryptographic financial products. Credit card payments on the other hand can be disputed. Disadvantages Requires an IRC client to be installed and familiarity with GPG/PGP. Pay close attention to those stats. Escrow service can alert the buyer via SMS once the funds have been released by the seller. Bitcoin falls most appropriately into the property category of commodity, although it is an intangible commodity supported by mathematics and a distributed computing network driven by social consensus. Brother Bitcoin s Rating Bitquick is a website service that lists buy and sell offers.