They can block payment in which case you get your sats back from escrow. Yes cash is definitely preferable but I’ve only had this happen once and it was using HodlHodl where the seller was doing large volume so banks were blocking tx. I had many successful tx with him but eventually stopped because the banks kept holding up payment. If it’s wrong to use bitcoin p2p I don’t want to be right 😉
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Blocking fiat tx*
best procedure seems to be to keep amounts in the $500 range and use many different platforms
ie use revolut AND wise AND venmo AND whatever
but mostly use cash by mail and IRL meetups
I didn't mean Robosats. People are sending money from their bank account to random bank accounts to buy "non-KYC Bitcoin". Every transaction is a paper trail and you don't know who your counterpart is. It could be my Mum, or a terrorist, a cartel member, just another pleb or a sting. You simply don't know but you're establishing a financial link with your counterpart.
Plus, at least here in the EU, cash transaction limits, bank transaction limits (and withdrawal limits) are getting tougher and tougher. It used to be 10k no questions asked. Now it's something stupid like 1-3k. Anything beyond that raises questions.
So yeah having real life contacts and building up that trust with them is important since that takes time and like I said, most of us will need such cash networks rather sooner than later.