Topic: Danger when buying/selling BTC in person - page 6. (Read 6449 times)
i doubt that there are any dangers to be honest
That is very dangerous to do trade with strangers so that is the reason I never buy/sell from unknown person, BTCitcoin has no charge back and that why it could be very risky to send amount first to strangers in this kind of trade, we have a lot of trusted source to buy with more safety features for our money.
Yes no matter how small the transaction is do not ever take any chance to turn bad always use precautions and alwayd be alert
There are a few dangers with buying/selling BTC in person, and most of them are related to someone attempting to rob you or whatever when the transaction takes place, so offer to meet them at a police station or a public place and if they aren't interested in making the transaction there then don't do it, simply as that. Just have other bodies around you that can either be witnesses or helpers in case anything goes wrong. If the guy is legit he shouldn't have an issue with any of those things.
There is some danger I have to say, You are going with money to meet a stranger "regardless of you are carrying USD or BTC", I suppose it's a must to meet in a public place like a bank or a popular store, There I think the risk should be minimum.
Right, to avoid any problem you must set a place where there are many people that you can turn on to just incase or have someone that will accompany you in transactions you'll going to do. its better to be careful nowadays because you dont know what kind of person they are.it's much better if you take someone with you instead of relying on people in busy places to help you. people nowadays are just looking when something is happening to an other person. they either don't dare to help, or simply aren't interested. if you take someone you know with you, it's always better. because you know for sure you will get helped.
Be very careful if you meet someone you don't know.
Pretend the BTC is cash, because it basically is.
You are telling someone you don't know to come meet you, and that you will have money with you.
I see stories on the news every week or two about someone getting robbed meeting someone to sell an Xbox, PlayStation etc.
Pretend the BTC is cash, because it basically is.
You are telling someone you don't know to come meet you, and that you will have money with you.
I see stories on the news every week or two about someone getting robbed meeting someone to sell an Xbox, PlayStation etc.
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.
As long as you are smart and do it where there are any known people, you will be fine. I am sure often times both parties are scared for no reason and usually the transaction goes fine. But, that is not the case all the time. There are intentional robbers who might cheat you in many ways. Taking all necessary step are more important when meeting a stranger.
There are always exchanges to exchange your coins for cash. If you care such a lot regarding anonymity that you go doing person to person sale, after you get the coins from the exchange immediately mix them in the best mixing services like Bitmixer or Cryptomixer. If you get cash just withdraw them to your bank account or credit card, you are not commiting any crime by selling bitcoins. Its really becoming dangerous selling in person to person , anyway for such sales its advisable well known coffee shops, restaurants and such which are always populated.
i doubt there is any dangers, you should just be sure that you will not get robbed and thats it
There are risk in both, when you do transaction by meeting the person you dont know there is going to be set up and its very dangerous to bring so many cash, doing in transaction online can be dangerous because if you got scammed it will really hard to track the person
but you can set up a safe place to do transaction, a mall or place near police station or somewhere near bank where they have cctv, so i think it is safer to do transaction by person
but you can set up a safe place to do transaction, a mall or place near police station or somewhere near bank where they have cctv, so i think it is safer to do transaction by person
I agree but it is much more better to be scammed but sound and safe than being robbed where there is a possibility that you will be harm. But as far as i know bitcoin exchanger especially those reputable one will sure to deliver, even removes you of the many risk of carrying money around and get the attention of the bad guy.
There are risk in both, when you do transaction by meeting the person you dont know there is going to be set up and its very dangerous to bring so many cash, doing in transaction online can be dangerous because if you got scammed it will really hard to track the person
but you can set up a safe place to do transaction, a mall or place near police station or somewhere near bank where they have cctv, so i think it is safer to do transaction by person
but you can set up a safe place to do transaction, a mall or place near police station or somewhere near bank where they have cctv, so i think it is safer to do transaction by person
Yeah i wouldnt handle in real life because you never know who you will meet most of the time. And handling bitcoins is handling money, and what does money attract? Criminals!
I think it would not be so risky to sell/buy bitcoins in person if you choose a safe spot to make the deal.
The safest place for such a deal I could think of would be... a police station. Chances of being robbed inside there are low I guess.
I'm sure some nice policemen would let make the trade inside theit station. To protect and to serve is their motto. In this case they could do both.
If the other party would not agree to that, I would not make the deal.
The safest place for such a deal I could think of would be... a police station. Chances of being robbed inside there are low I guess.
I'm sure some nice policemen would let make the trade inside theit station. To protect and to serve is their motto. In this case they could do both.
If the other party would not agree to that, I would not make the deal.
Yeah, if indeed they are someone who is not yet known, so better do a deal which could make you feel safe. As an example of this is what you say. This is indeed something that is dangerous, but if we think well and not rash then it will not make a bad thing for you
I think it would not be so risky to sell/buy bitcoins in person if you choose a safe spot to make the deal.
The safest place for such a deal I could think of would be... a police station. Chances of being robbed inside there are low I guess.
I'm sure some nice policemen would let make the trade inside theit station. To protect and to serve is their motto. In this case they could do both.
If the other party would not agree to that, I would not make the deal.
The safest place for such a deal I could think of would be... a police station. Chances of being robbed inside there are low I guess.
I'm sure some nice policemen would let make the trade inside theit station. To protect and to serve is their motto. In this case they could do both.
If the other party would not agree to that, I would not make the deal.
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?
I've never sold or bought bitcoin's in person via LocalBitcoins or similar but if I was going to I certainly wouldn't do it all in one lump like that. Selling $28,000 worth face to face in one go is asking to be mugged.
I'd rather do multiple smaller face to face sales to avoid the chance of something like this happening.
There is some danger I have to say, You are going with money to meet a stranger "regardless of you are carrying USD or BTC", I suppose it's a must to meet in a public place like a bank or a popular store, There I think the risk should be minimum.
Right, to avoid any problem you must set a place where there are many people that you can turn on to just incase or have someone that will accompany you in transactions you'll going to do. its better to be careful nowadays because you dont know what kind of person they are. 
After the recent BitFinex hack I think next time I sell I'd rather do it in person, I trust my ability to look after myself in real life more than an exchanges ability to protect my coins.
i also like to do it in person the most, even though it is not too private i still think that it is the best way to avoid any scams and thefts So i was reading an article about someone who got robbed when he tried to buy in person 28000$ 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?
In most case it is the avarice that makes people do stupid things and fall for scammers tricks.I am sure the guy was offered a low price by scammer and in his greed he didn't take all the precautions needed before dealing with anyone.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?
Buying bitcoin for such a huge amount should be done through reputable exchanges that to in batches
You better buy/sell small amounts (like 500$ or less) instead of doing a 30k$ deal at once if you are doing it in person. You may reduce the risks of getting scammed but doing business with people more than 1 also raises the risks of getting scammed at least once. Hard to decide.
I think it is best to hold your bitcoins in your core wallet till you need them. And when you need them use an online exchange and run away without looking back as they can blow up at any time
I think it is best to hold your bitcoins in your core wallet till you need them. And when you need them use an online exchange and run away without looking back as they can blow up at any time
Go with a group a strong guys with you, that look nasty, and you'll be fine, no one will even think about robbing you !
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