Buy bitcoins using Cash deposit: SANTANDER with British Pound (GBP)

LocalBitcoins.com user PENGHUNTER wishes to sell bitcoins to you.

Price:

2132.34 GBP / BTC

Payment method:

Cash deposit: SANTANDER

User:
PENGHUNTER

(feedback score 100 %, see feedback)

Trade limits:

10 - 152 GBP

Location:
Payment window:
270 minutes

How much you wish to buy?

GBP
BTC

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Read the the terms of the trade and make sure you can comply with them. Use this form to send in a trade request with the sum you wish to trade. After opening the trade request it is possible to discuss with the trader in LocalBitcoins.com messaging system.

Open trade requests and message inbox can be found under Dashboard under your user profile page. You can send and receive messages with the trader there.

For more information see quick buy guide.

After sending the trade request you get the payment details.

Trader may not publish the payment details directly and asks you to contact to get the exact account name needed for the payment. In this case, send a LocalBitcoins.com message to the the trader and ask for the further details.

When buying bitcoins online, the payment window is 90 minutes, but this may vary depending on the payment method and the terms of the trade.

If you need help on how to make the payment use LocalBitcoins.com messaging to discuss with the trader how to make the payment.

You can cancel the trade before making the payment. You find open trades under Dashboard in your user profile.

Terms of trade with PENGHUNTER


Only enter trade if you have already completed 5 trades on localbitcoin
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For those without an ID or online banking this can be an effective payment option. -

Cash deposit only. (loss of receipt or payment via other methods will result in a full ID verification before funds are released - if you wish to pay by bank transfer let me know before paying)

To complete, open trade only when ready to complete asap within payment window. Next day payment or hours later than window will need cancelling and reopening as BTC fluctuates rapidly.

After depositing take 2 photos of the receipt at different angles after writing mine and your username on the top of it. (e.g 1 photo from above and 1 from the side at 60 degree angle or so)

As soon as it hits my account, should be instant and you upload the 2 photos then I release coins. ( we can keep in touch by phone through out process for peace of mind both sides)

MITM Attack Protection (man in the middle)

Depending on BTC amount and your feedback, I MAY require location of branch you are paying into. This will be checked with my bank after deposit is made and checked on the exif/meta data on the photos you upload. (to see the location gps info)

The reason I ask for 2 photos is also to prevent this type of attack/fraud.

Lastly, I MAY ask you to provide a phone number or to keep logged on during the process via 3g/4g, whatever. This is so you can update me when you get to the bank. At that stage I will ask you to deposit a different amount. Now dont worry! The amount I ask you to deposit is going to be less than we agreed, so you are going to save some money here. E.G - You have agreed to buy 1 btc for £600, you phone/text me when you get into HSBC and I ask you to only pay £598.

Please research MITM attacks to understand why I have to possibly enforce all of the above. 9/10 times the photos will be enough.

Any questions just ask.

* The way the attack works is a scammer opens a trade with me for say £600, at the same time they fake a gumtree listing for example and persuade a third party to pay them £600. However they send them my bank details from the trade and the third party unknowingly pays me. I see deposit and receipt is uploaded. I release coins. Scammer disappears with BTC and the third party victim is chasing me for whatever listing the scammer pretended to sell them. Me and the third party lose money/btc and scammer wins. To prevent this a slight change in amount last minute is the only way as that would be an odd request if you have agreed a price on a listed item.

Hope that helps.

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