Danger when buying/selling BTC in person - page 7.

BitFinnese

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Quote from: cluit on August 30, 2016, 02:56:17 AM

Quote from: Betwrong on August 04, 2016, 07:40:27 AM

Quote from: isen on August 02, 2016, 05:06:50 AM

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?

Yeah, I've read the article and it was a disturbing news. I'm glad the attacker was arrested shortly afterwards but I can't understand why he was released later. If he really threatened a guy with a knife and took his money he should stay in jail IMO.

I don't like news like this one because they add to the bad reputation of Bitcoin, but if you use your brains just a little you can see that things like this happen without Bitcoin involved too, so Bitcoin is not the reason of this crime.

No, it has nothing to do with bitcoin's reputations because it is a silly mistake from a user. In my town they have little areas where you can exchange goods under a security camera. Often law enforcement will be patrolling around the area too. People must choose these kind of places only.

I agree this stuff has nothing to do about bitcoin but it is labeled crime of bitcoin since supposed to be bitcoin sales is involved. As for the safety, there are lots of online service that offers bitcoin to fiat money exchange. It is safer to transact in this kind of set up in my opinion.

cluit

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Quote from: Betwrong on August 04, 2016, 07:40:27 AM

Quote from: isen on August 02, 2016, 05:06:50 AM

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?

Yeah, I've read the article and it was a disturbing news. I'm glad the attacker was arrested shortly afterwards but I can't understand why he was released later. If he really threatened a guy with a knife and took his money he should stay in jail IMO.

I don't like news like this one because they add to the bad reputation of Bitcoin, but if you use your brains just a little you can see that things like this happen without Bitcoin involved too, so Bitcoin is not the reason of this crime.

No, it has nothing to do with bitcoin's reputations because it is a silly mistake from a user. In my town they have little areas where you can exchange goods under a security camera. Often law enforcement will be patrolling around the area too. People must choose these kind of places only.

Whosdaddy

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Quote from: lumeire on August 25, 2016, 11:37:32 AM

Quote from: hasiramasenju on August 25, 2016, 10:39:35 AM

Quote from: isen on August 02, 2016, 05:06:50 AM

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?

i personally was never have experience buying bitcoin person to person because that was very risky especially such as you say that buy bitcoin with random stranger and i had still comfortable buying bitcoin using an exchange because it's more safe for my bitcoin

Depends on the situation. If you're gonna meetup at a coffee shop with plenty of foot traffic it's definitely low-risk. Still, IMO it's best to do meetup purchases like this in bitcoin related conventions or gatherings, if not online.

Yes, I too would always recommend doing this in a well populated area. Most people have good intentions but you should always be careful. I know there are some states that actually have mark areas for transactions like this. They have a security camera and are well lit too!

lumeire

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Quote from: hasiramasenju on August 25, 2016, 10:39:35 AM

Quote from: isen on August 02, 2016, 05:06:50 AM

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?

i personally was never have experience buying bitcoin person to person because that was very risky especially such as you say that buy bitcoin with random stranger and i had still comfortable buying bitcoin using an exchange because it's more safe for my bitcoin

Depends on the situation. If you're gonna meetup at a coffee shop with plenty of foot traffic it's definitely low-risk. Still, IMO it's best to do meetup purchases like this in bitcoin related conventions or gatherings, if not online.

hasiramasenju

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Quote from: isen on August 02, 2016, 05:06:50 AM

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?

i personally was never have experience buying bitcoin person to person because that was very risky especially such as you say that buy bitcoin with random stranger and i had still comfortable buying bitcoin using an exchange because it's more safe for my bitcoin

groll

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It never happened to me but one person borrowed about a small amount of bitcoin but he never paid. I barely know him online and still we were friends as we have group chat.

I would never trust anyone if I do not know him that enough. Maybe you could do the meetup on a place where there are many people. But it is much better if you do it online and with have some median. That guy who was stolen with $28000 have no idea of how bad some people are and maybe he do not have some trust issue.

hieu81

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Quote from: isen on August 02, 2016, 05:06:50 AM

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?

Bitcoin exchange based largely on trust and exchange at once with great value is still very worried

streazight

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Quote from: pereira4 on August 23, 2016, 07:35:59 AM

Quote from: MyBTT on August 02, 2016, 06:29:15 AM

Lesson learned. If you're doing a trade in real life, good for you. In fact, this is the way to minimise the risk. Getting mugged like that is one of the biggest concerns.

This is why you trade in a public place, in plain sight of others, like Macdonalds.

Indeed, I would only trade in person in a public place. The problem is, how the hell are you going to get 28k dollars in person in public? You need to count the money before taking it, and im not sure if it's a good idea that people see you counting a ton of cash while also cameras record you, and I doubt that you intend that money to get taxed otherwise you would just sell it in an exchange or something...

I have never bought bitcoins in person for this very reason. I am highly wary about revealing myself and even any bit of information about me. Although there really is not much of a choice for buying bitcoins for a cheaper price. This forum's currency exchange for other payment systems from reputed member's is my favorite way of buying bitcoins.

ABCbits

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Quote from: Pursuer on August 04, 2016, 08:04:13 AM

Quote from: DeathAngel on August 04, 2016, 07:45:25 AM

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.

but sadly this is hard. and I am speaking from experience. because I am doing this, not because I want to but because in my country there is no trusted exchange service, there are some random sites but they all are super shady and untrusted. so I have to find someone on the internet to sell for local currency and either receive it face to face or receive the money through bank. but it is hard to find that person and trust him and come to an agreement on the price because the low bid everything a lot.

Of course there's risk when you use exchange, even it's licensed. But, you could reduce the risks by withdraw your fiat/btc as soon as you've done sell/buy bitcoin.
At least, it's still safer than find individual who would buy/sell bitcoin whether you do pay through internet or in person.

rekinthis

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Quote from: DeathAngel on August 04, 2016, 07:45:25 AM

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.

of course it would be the best in order to avoid such things though in person buying might take up a lot of time while exchanges are usually really fast

pereira4

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Quote from: MyBTT on August 02, 2016, 06:29:15 AM

Lesson learned. If you're doing a trade in real life, good for you. In fact, this is the way to minimise the risk. Getting mugged like that is one of the biggest concerns.

This is why you trade in a public place, in plain sight of others, like Macdonalds.

Indeed, I would only trade in person in a public place. The problem is, how the hell are you going to get 28k dollars in person in public? You need to count the money before taking it, and im not sure if it's a good idea that people see you counting a ton of cash while also cameras record you, and I doubt that you intend that money to get taxed otherwise you would just sell it in an exchange or something...

keaderza

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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.

Achargeturry78

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Quote from: isen on August 02, 2016, 05:06:50 AM

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?

Yes definitely. we know that this point of time, not all of us can be trusted. and more on you are selling a big amount of BTC. try to research if the person you are transacting with is a good person. and come to think of it, you can transact with him in a safe place where you can secure the place. You just need to be alert and responsible for your decisions sometime.

Pursuer

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Quote from: DeathAngel on August 04, 2016, 07:45:25 AM

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.

but sadly this is hard. and I am speaking from experience. because I am doing this, not because I want to but because in my country there is no trusted exchange service, there are some random sites but they all are super shady and untrusted. so I have to find someone on the internet to sell for local currency and either receive it face to face or receive the money through bank. but it is hard to find that person and trust him and come to an agreement on the price because the low bid everything a lot.

DeathAngel

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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.

Betwrong

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Quote from: isen on August 02, 2016, 05:06:50 AM

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?

Yeah, I've read the article and it was a disturbing news. I'm glad the attacker was arrested shortly afterwards but I can't understand why he was released later. If he really threatened a guy with a knife and took his money he should stay in jail IMO.

I don't like news like this one because they add to the bad reputation of Bitcoin, but if you use your brains just a little you can see that things like this happen without Bitcoin involved too, so Bitcoin is not the reason of this crime.

SAMKUSH

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I have never bought any bitcoins by meeting a person and I don't plan on, I find that an online exchange is alot safer and you are likely to get a good rate. With sites like localbitcoins and paxful, you can even pay with gift cards so I don't see the need to meet people any more.

JITENDERPAR3

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To buy btc in bulk amount is a very tedious task through any platform .
it is full of risk and full of scare .
when i was newbies in bitcoin world currency then i was always scared that if anyone scammed me that what will happen with me .
so about 1 year i had not bought btc ffom anyone .
but after one year a person found by me.in this forum . he said that he is trader then i told him that i want buy some btc about 0.1 btc when i paid him then he blocked me at whatsapp and no answer of all call .
overall he was scammer .
then finally i decided to bought btc through Escrow . this is best option to buy and sell .
and i will also suggest you to buy btc through escrow atleast in case of 28000$ of btc.

yayayo

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Quote from: Kakmakr on August 04, 2016, 02:00:39 AM

Quote from: zsobro on August 04, 2016, 01:40:00 AM

choose a reputable member, meet in safe public space, and don't buy too much at one time.

How do you know if the other person is a reputable person? I go to Bitcoin meetups and I make connections and get to know the people, and then I start buying and selling bitcoin in small quantities to these people. The secret lies in the small quantities, because it reduce risk and also provide less of a incentive to scam.

I TRUST nobody, when it comes to money. ^hmmmm^

When it comes to people, there is no such thing as 100% trust. However trusting an online exchange also involves substantial risk. So I think the risk associated with p2p exchanges should not be overstated. After all, it is the most privacy friendly form of transaction.

Generally, going to a crowded place, preferably a Bitcoin meetup, will greatly reduce your risk. Trading only small quantities (less than $500 at a time) is also a good advice.

In addition I think one should also pay close attention to various aspects of the communication with the potential seller/buyer. Language use and reliability of contact are some indicators that may aid to avoid risky transactions.

ya.ya.yo!

Strongkored

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Quote from: zsobro on August 04, 2016, 01:40:00 AM

choose a reputable member, meet in safe public space, and don't buy too much at one time.

I think for sellers and buyers of different countries will be a little difficult if have to meet in a public place. I personally put forward using an escrow service that is already trusted. thank you

Topic: Danger when buying/selling BTC in person - page 7. (Read 6449 times)