: Some users prefer local trades to avoid the extensive personal data requirements (Know Your Customer/KYC) of major online exchanges, though larger transactions often still require ID. Risks and Considerations KYC and AML: a ball and chain for cryptocurrencies
: Physical exchange offices and BTMs can process transactions almost instantly, providing faster access to cash than online exchanges that might take days to clear a bank transfer. we buy bitcoins
: Platforms like LocalBitcoins (which popularized this model) connect buyers and sellers directly, often using an escrow service to ensure both parties fulfill the trade. : Some users prefer local trades to avoid