Topic: Tips for local transactions (Read 742443 times)

I appreciate your perspective on local transactions using peer-to-peer trading platforms like local bitcoin and local crypto. The utilization of an escrow system in these transactions enhances user security. For instance, if you wish to purchase Bitcoin with cash, you can initiate a trade and place the Bitcoin in escrow. Subsequently, you can arrange a meeting with the buyer and collect the cash payment. Upon receiving the cash, you can release the Bitcoin from escrow. This method facilitates secure and convenient transactions, particularly when both parties are in the same city.
However, I would like to provide an alternative viewpoint. Despite the additional protection offered by the escrow system, there is still a risk of fraud or dishonest transactions. There may be situations where the individuals you meet fail to honor their commitment of providing cash after receiving Bitcoin. Thus, it is crucial to conduct meetings with trustworthy individuals who have a reputable background. Exercise caution and prioritize personal safety when interacting with unfamiliar individuals. It is advisable to select a secure location for meetings and transactions.
Considering these potential drawbacks and implementing appropriate measures is vital in minimizing risks associated with local transactions.

TBH haven't tried local transactions yet and I don't think it's available here in my region as people are hardly aware of cryptocurrency and its potential although it might be available in different parts of my country though far away from my region. The reason could be they're likely in more developed regions having that infrastructure and facilities to start more complicated services. Anyway, I use Bitget P2P, and a lot of trusted merchants are there so find this more secure and transparent. Personally, I think it's a reliable and convenient way to complete transactions within minutes without any physical interaction.

The thing is that the banks in my country do work, but no one wants to have access to the local currency because it is very devalued, and it is of no use to have it, just to pay for some services or something like that, but the rest is handled by the dollar or any other foreign currency, based on the fact that not only local transactions, any country always prefers to have transactions through USDT, bitcoin or whatever, without being charged by banks or any third party, some people use binance a lot, but Binance has not been It has become somewhat tiresome in this country because they continue to keep things under their normal operation, but I think that things can turn out well if they are made as decentralized as possible, this saves having to have a hard time with the jurisdictions and all that stuff you talk about.

In the context of local transactions, the significance of security and privacy cannot be overstated. Individuals, particularly those lacking access to banking facilities or prioritizing financial discretion, perceive a heightened sense of security when utilizing exchange house services. However, it is imperative to acknowledge the inherent risks associated with such services, notably concerning service reliability and the safeguarding of user data.

Furthermore, it is pertinent to recognize the jurisdictional disparities in tax legislation and enforcement across nations. Consequently, it falls upon each individual to fulfill their tax obligations in accordance with the prevailing laws and regulations of their respective jurisdictions.

Tips for local transaction and who know as well in the local transaction example when someone need to sent some crypto currency to others person than need to know how to do safely and which network is best for transaction which network transaction fees is very low and faster.

Thanks for the practical advice and strategies that help newbies navigate the world of local bitcoin trading safely and effectively.

If you are interested in doing business, you must think about how you are known and what your surroundings are like. Because if you do business with turkey, you will suffer. Then it could be very bad for you. I say this for when a man wants to trade in turkey. He wants to do it with a lot of hope, So you have to think carefully about every decision you make so that you don't get hurt in any way.

Every Single Transection Need To Use Big Amount Transaction And Always Try To Use That's Network Fees Very Low Than Use Local Transection.

I always do local transactions with an exchange house, it is the safest for me because I do not have access to banks nor do I do any type of transaction to give the government a way to be investigated, if we start to see the exchange houses already have their ways of being able to evade or pay taxes, not us, of course what I did was the following, go to the exchange house that exchanges local currency for Eur, DOLLARS and COP, I must emphasize that at first it was very difficult to get , because they had not adapted to this, but currently there is and there are many associated services, also with Binance it is fast, the bad thing is that Binance is very centralized and can give some details of our KYC to governments when requested

WARNING

The person above is sharing a deceptive site which can be used to collected people's user details like names and addresses. This can be used to social engineer, send deceptive spam and hack victims' accounts.

Thanks for the tips on bitcoin transactions! I'll definitely be more careful about who I transact with and make sure to double-check everything before completing a transaction. Thanks again for the advice!

In general, I always advise you to pay maximum attention to security. For me, this factor is one of the key.

Your write dude, with this thing we have evidence if ever there is something to have in which is not good to our transactions.
Due to I've seen a lot of this incidents where they complaint but they don't have any proof or evidence to show that they're transaction
is real, at least with this matter you have.

If you want to treat multiple SQL operations as a single unit of work, you can use local transactions in your strategy.

Avoid doing operations inside the transaction block that are not related to the actual SQL operations. Transaction Exception to be thrown for every possible failure in the transaction block.

It's why the guide is pinned there in the first place. Read through it again carefully. It emphasizes traders to meet up in public places where there are so many people to avoid scenarios where one can be robbed on gun point or mugged minus any witnesses.

Personally, I have heard some cases where people were robbed off their bitcoins under gun point because they chose to meet trading partners in secluded places.

What if someone comes in with a gun pointed to your head?

People are still doing them through so many p2p trading platforms like localbitcoins and localcryptos that will act as their escrows, especially if they are from the same city. Let's say some want to buy Bitcoin in exchange for cash. If you are from the same city, you can open a trade and the Bitcoins go into an escrow. You go meet the person who then gives you the cash, and then you release the Bitcoins

This is an old post from 2013. Who is still doing in-person cash transactions and how are you doing them? I have not done an in-person Bitcoin transaction before but I have P2P using Cryptolocally. They also offer a non-custodial escrow service for cash in person. Id be interested to know how you conduct in-person cash transferss now