Topic: Danger when buying/selling BTC in person - page 4. (Read 6449 times)
there would be a risk from both buying/selling bitcoin in-person or online but i think there would be more risks if you are doing it in-person because whoever you are having a transaction with would know your identity and there will be a possibility that he will do a thing that is not good for you . better to use escrow online .
I seen MULTIPLE reports for things like these, If you go through reddit you will find some rather dangerous situations. These people ignore the most important aspect of P2P transactions, Good location. I think these situations could be avoided if you the deal in a bank or the like. BTC is not illegal so I don't see why people prefer doing deals in shady bars..
Well, most likely those people are trying to not get taxed/controlled by government. If you sell Bitcoin you get a bank transaction in your account, so you are going to get eventually investigated if you start moving a lot of money.
Some people may want to avoid this my meeting in person. But there's cameras everywhere nowadays so it's not like you properly hide if the government gets after you for some reason.
I have never bought or paid for BTC in person so im not sure how the experience is like. I would probably go to a restaurant or something.
Most police departments allow you to do exchanges of value there. Just call ahead and ask. Police want us to trade as safely as possible. If it's a large amount of value being traded, call ahead and ask for a time where an officer can be present to observe in case there are any shenanigans.
Also, its good to trade value at any public place in front of witnesses and cameras. At a mall security office, internet coffee shops, internet cafes, fast food restaurants, convenience store or gas station parking lots, big box retailer, etc.
Also, its good to trade value at any public place in front of witnesses and cameras. At a mall security office, internet coffee shops, internet cafes, fast food restaurants, convenience store or gas station parking lots, big box retailer, etc.
I seen MULTIPLE reports for things like these, If you go through reddit you will find some rather dangerous situations. These people ignore the most important aspect of P2P transactions, Good location. I think these situations could be avoided if you the deal in a bank or the like. BTC is not illegal so I don't see why people prefer doing deals in shady bars..
If your place has that same company as mine that allows as to buy and sell bitcoin then i can say that the risk is really low. I trusted them because they are very transparent to their marketing service and they provide security also that can be beneficial to the user their company and government.
It might be good measure to find a public place that also has cameras present, so you'd at least have proof if somethingdoes happen.
And also be o the lookout for sketchy things like people covering part of their face or if they bring other people with them.
I've heard that in the US there are those internet exchange locations set up by the cops for craigslist deals etc. Those might be an option.
And also be o the lookout for sketchy things like people covering part of their face or if they bring other people with them.
I've heard that in the US there are those internet exchange locations set up by the cops for craigslist deals etc. Those might be an option.
I mean, if you are going through a site like LocalBitcoins, then you don't really have to do actual IRL P2P transactions. If you wanted to buy that much Bitcoins, you would probably have to make multiple cash deposit transactions to avoid KYC stuff/suspicion of weird activity going on; plus you would have the benefit of having the proof of the transactions actually taking place by taking pictures of the receipt and sending them to the vendors to prove you have made the purchase... Just going up to someone with that much cash in hand is a really sketchy situation.
Actually when i started the career of bitcoin so most of the negative thinking i have in my mind, than i refer to earn it instead of buying, but when i realize online buy the bitcoin it is trust able, than i buy it but only online.
Haven't tried to sell in a stranger or if I would do I would prefer meet ups. This is because I dont trust online transactions anymore. I am a player of one MMORPG and selling thru online is the only thing we can do to transact trading items then the other person will send money. Happened like 2 times to me that I have been scammed. So I said to myself never to do it again if I wont be in front of one person.
Have you reported to the police? I think you should do that if they are scammers, let police catches the scammers.
Haven't tried to sell in a stranger or if I would do I would prefer meet ups. This is because I dont trust online transactions anymore. I am a player of one MMORPG and selling thru online is the only thing we can do to transact trading items then the other person will send money. Happened like 2 times to me that I have been scammed. So I said to myself never to do it again if I wont be in front of one person.
Maybe the guy will threaten our coin with weapons, I don't believe those sellers with face to face trading except he is my real life friend
I think, in person it is easier to spot the warning signs from non-verbal gestures so the other person has very hard job if he wants to scam you. That is the most you can do, to make malicious attempts very hard to carry out successfully, because every form of buying/selling has dangers.
Well it depends ,because both of you will not recognize each other on the internet any scam on bitcoins is a no law ,also if your trying to buy or sell even in personal it may also take a risk because you expose or do unanonimity transactions this is a big danger .the best thing to buy or sell is on trusted buying/selling outlets or trusted online sites. hero member
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So i was reading an article about someone who got robbed when he tried to buy in person 28000$ of Bitcoin
http://www.coindesk.com/florida-bitcoin-sale-knifepoint-robbery/
Personally i avoid dealings like this cause it is not easy to trust a random stranger.
How about you?do you buy or sell bitcoins in person?If yes have you ever had any bad experiences?
http://www.coindesk.com/florida-bitcoin-sale-knifepoint-robbery/
Personally i avoid dealings like this cause it is not easy to trust a random stranger.
How about you?do you buy or sell bitcoins in person?If yes have you ever had any bad experiences?
wow $28000 is a big money to buy bitcoin from someone we didn't know. i wonder how he could believe that person which selling bitcoin to his especially he spend big money. i do not want to buy bitcoin with someone that i don't know, especially if i only know his nick or id in internet, i'd rather buy with my friends which selling and buy bitcoin and i can get discount price
I think, in person it is easier to spot the warning signs from non-verbal gestures so the other person has very hard job if he wants to scam you. That is the most you can do, to make malicious attempts very hard to carry out successfully, because every form of buying/selling has dangers.
I don't sell/buy Bitcoins in person. I usually use a reliable escrow service. Sometimes, I do take the risk of selling/buying without escrow, but I have never had any problems either way.
However, I have never sold or bought Bitcoin in person. Like you have read the article I also think that such business with strangers is unsafe.
i never do that too to be honest because in my opinion it is just nonsense why would anyone do that when it is so easy to do that on an exchangeHowever, I have never sold or bought Bitcoin in person. Like you have read the article I also think that such business with strangers is unsafe.
Honestly we can easily exchange fiat in online you dont need to meet someone to buy bitcoins..
I don't sell/buy Bitcoins in person. I usually use a reliable escrow service. Sometimes, I do take the risk of selling/buying without escrow, but I have never had any problems either way.
However, I have never sold or bought Bitcoin in person. Like you have read the article I also think that such business with strangers is unsafe.
i never do that too to be honest because in my opinion it is just nonsense why would anyone do that when it is so easy to do that on an exchangeHowever, I have never sold or bought Bitcoin in person. Like you have read the article I also think that such business with strangers is unsafe.
Honestly we can easily exchange fiat in online you dont need to meet someone to buy bitcoins..
I don't sell/buy Bitcoins in person. I usually use a reliable escrow service. Sometimes, I do take the risk of selling/buying without escrow, but I have never had any problems either way.
However, I have never sold or bought Bitcoin in person. Like you have read the article I also think that such business with strangers is unsafe.
i never do that too to be honest because in my opinion it is just nonsense why would anyone do that when it is so easy to do that on an exchangeHowever, I have never sold or bought Bitcoin in person. Like you have read the article I also think that such business with strangers is unsafe.
Honestly we can easily exchange fiat in online you dont need to meet someone to buy bitcoins..
After the recent BitFinex hack I think next time I sell I'd rather do it in person, I trust my ability to look after myself in real life more than an exchanges ability to protect my coins.
You could try and find a way to meet a buyer first and just address that you are going to meet so there is no need to be worried about being robbed or anything. If you fix your own convenient and secure spot, there problems almost minimized. Selling in person is going to be next trend as it will be funny and instant.I don't sell/buy Bitcoins in person. I usually use a reliable escrow service. Sometimes, I do take the risk of selling/buying without escrow, but I have never had any problems either way.
However, I have never sold or bought Bitcoin in person. Like you have read the article I also think that such business with strangers is unsafe.
i never do that too to be honest because in my opinion it is just nonsense why would anyone do that when it is so easy to do that on an exchange However, I have never sold or bought Bitcoin in person. Like you have read the article I also think that such business with strangers is unsafe.
I would not bring anything of value with me to a meeting with a stranger that I am not familiar with and have no prior knowledge about.
That is just plain silly.
Have a friend come with you and have them hold the bitcoins in these type of transactions.
That is just plain silly.
Have a friend come with you and have them hold the bitcoins in these type of transactions.
What can a friend do when the person you want to deal attacks both of you? For me I would take a online wallet with 2FA and transfer the balance to him after getting the money and telling the 2FA code through the phone, but again there is some room for stealing the money.
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