Till now I haven't found any risk or danger on buying /selling of bitcoin. I always trade with traders found through trading websites. Most of the time I prefer localbitcoins.com for trusted traders.
i have never found any risks either, even though i trade my bitcoins rarely in real life i think that buying in person is really safe and kinda anonymous 
Topic: Danger when buying/selling BTC in person - page 9. (Read 6452 times)
Damn, $28K cash, guns and knives? Fuck that shit. My life is worth way more than that. Online in increments, ftw. If I had to do it person, I'd bring/hire some serious security and demand a public(-ish) place to do the transaction.
Till now I haven't found any risk or danger on buying /selling of bitcoin. I always trade with traders found through trading websites. Most of the time I prefer localbitcoins.com for trusted traders.
it is not risky to be honest though it might be risky if you hold your money on an exchange because a hack might happen the same like on bitfinex 
I also do not rely on dealing with persons for buying bitcoin, I usually buy bitcoins on most reliable exchange sites, where there is no any fear that you will be scammed by that person and will lose your money while paying him for the deal.
That danger isn't related to BTC but to cash. I'm used to it as I've bought and sold many old cars using nothing but cash, and I'll keep on doing things this way, but you need to be cautious when handling a lot of cash. I guess the guy who was stolen wasn't cautious enough.
If a buyer wanted to buy BTC carrying big amount then he should at least have someone with him because there are many opportunist in this world especially when it comes to money. Yes it's a safe option to meet in person especially that a big amount is involved but there should also be extra precaution in doing the transaction. You cannot trust someone totally especially if it's a stranger.
I don't have experience with person to person.trading but so far O thought this was one of the safest way because you meet the person you are dealing with so there is less possibility to get scamed. Never thought that you could be robbed.
You can be robbed any time, thats why holding too much cash in your walet is dangerous. The OP example someone hold 28000 in a wallet without security guards is pure insanity, no matter whether wanted to buy Bitcoin or something else.
I do use localbitcoins to buy Bitcoins in person, but never in larger amounts. Carry in your wallet only as much cash as you are ok to lose if you get robbed, but I talking from my experience when someone stole my wallet and I noticed it later (and it has nothing to do with Bitcoin).
I don't have experience with person to person.trading but so far O thought this was one of the safest way because you meet the person you are dealing with so there is less possibility to get scamed. Never thought that you could be robbed.
something like that did not have ever faught with me and after seeing this type pf inccident i am not gonna do it. i will now prefer only online transfers but with full saftly or at least necessary precautions.sad to see that article
In my country you can't sell a car (or anything else, be it a thing or a service) for cash unless it's less than 3000€/6BTC.
I got robbed at nailgun point as a teen, I lost 500 French Francs (the biggest bill at the time) so about 0.15BTC, a large sum of money for me in those days. The irony is I was meeting a guy who supposedly sold stolen computer hardware and had a 3DFX Voodoo 2 for me, so I guess karma hit me, but it wasn't him or his friends that robbed me, just two guys who got lucky.
Since then I have avoided cash as much as possible, I leave a bank trail but since I don't sell or buy huge amounts at a time, I doubt I have attracted too much attention.
The only place I would do a huge cash transaction would be inside a bank itself !
I got robbed at nailgun point as a teen, I lost 500 French Francs (the biggest bill at the time) so about 0.15BTC, a large sum of money for me in those days. The irony is I was meeting a guy who supposedly sold stolen computer hardware and had a 3DFX Voodoo 2 for me, so I guess karma hit me, but it wasn't him or his friends that robbed me, just two guys who got lucky.
Since then I have avoided cash as much as possible, I leave a bank trail but since I don't sell or buy huge amounts at a time, I doubt I have attracted too much attention.
The only place I would do a huge cash transaction would be inside a bank itself !
Well you bring a gun, duh. Who would meet a stranger with $28000 cash and no firearm? A bank, for example, would not.
Where ever you are going to sell bitcoins in person or online you have to take some precautionary steps to avoid danger because not only in person but online selling is also risky. Their are so many steps have mentioned in other thread about how to trade in person before trading what all steps you have to follow to avoid this type of problems.
First you have to do in person trading in public places like cafe, mall etc, and before dealing you have to come along with any one of your friend or family with you so that you both can tackle the problem. Like this their are so many steps if you follow properly then you can avoid danger in person trading.
First you have to do in person trading in public places like cafe, mall etc, and before dealing you have to come along with any one of your friend or family with you so that you both can tackle the problem. Like this their are so many steps if you follow properly then you can avoid danger in person trading.
I never buy or sell bitcoin in person and I don't have any plan too as of now. It's risky to exchange money online but riskier in person, most especially if it's that big like the one on the article. Atleast online you just risk your money, unlike in person that you risk both your money and your life. "SAFETY FIRST", always be careful, it's not that safe as of these days especially when there's money involved. Remember that life is more important than anything, we can earn money but we only have one life to live.
Till now I haven't found any risk or danger on buying /selling of bitcoin. I always trade with traders found through trading websites. Most of the time I prefer localbitcoins.com for trusted traders.
That can happen to you when selling a car as well.
Everything you do personally includes a little risk of danger.
But I do not think it happenes that often.
And mostly the circumstances are bad for the seller. Lonely place or so. It would be easy to minimize that risk.
Everything you do personally includes a little risk of danger.
But I do not think it happenes that often.
And mostly the circumstances are bad for the seller. Lonely place or so. It would be easy to minimize that risk.
Good thing that he could report it, and police arrested robbers. It's a good sign that government react on this kind of things, I'm not sure would police do something in my country.
There is always risk when someone work with huge amounts. I think with 28 k he could pay someone to protect him, or he could pay for some extra protection on internet, but people wish to save lest cent. Sometimes its good to sacrifice some money, to not lose everything. People need to be careful, there will always be evil and bad people.
There is always risk when someone work with huge amounts. I think with 28 k he could pay someone to protect him, or he could pay for some extra protection on internet, but people wish to save lest cent. Sometimes its good to sacrifice some money, to not lose everything. People need to be careful, there will always be evil and bad people.
these cases are most of the time the person's fault for doing the trade in a bad place. for example i remember reading another time about this about a guy who was robbed at gunpoint i think it was in NewYork. he has gone up to the robbers cars parked in an alley, it is obvious you are gonna get mugged!
sorry to hear this but you can get robbed almost anytime and anywhere doing anything, it's not bitcoin to blame.
I do crypto for it's hassle free earnings and tradings that even not having to deal with any banker or agents, also I would never buy in person lol only if you trying to do drugs and stuff like that.
I do crypto for it's hassle free earnings and tradings that even not having to deal with any banker or agents, also I would never buy in person lol only if you trying to do drugs and stuff like that.
Maybe that is true, but almost anytime anywhere you don't announce to a stranger that you are going to that specific spot with 28k in cash on you... That is just asking for trouble.
If you go with 30k cash to a car dealership, you don't post on facebook that you are carrying that amount of cash from your home to dealer X. That is also asking for trouble.
It may not be bitcoin directly responsible for this, but it sure was the means to start the trade and risk bringing a huge amount of cash.
it is better to selling online instead of offline that is physically. because it is difficult to trust stranger .or you should take person intermediate between you and him like middle man agent.
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 will never buy bitcoins in person and that`s the main reason.I don`t want to be robbed.
Buying/Selling bitcoins online is way more safer,desprite all the risks of scam.
That guy must have been very naive.
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