Face to face large purchase of Bitcoins for cash

bitcoinmeme

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Quote from: Phoenixrising70 on October 29, 2017, 08:28:46 AM

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

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Pay cash in many store already

sicparvismagna

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Activity: 98

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When you are meeting with him face to face just say that you will not part ways until the transaction is done, either way you should be clear with your clients with yours terms and agreement to avoid conflict and prevent tensions from both parties. Either way you should prove to him/her that you're not a scammer or anything like that.

SamsungBitcoin

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Activity: 532

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Quote from: Phoenixrising70 on October 29, 2017, 08:28:46 AM

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Much better to buy personally with that amount, of course the tine of confirmation is depending on the amount of transaction fee if your friend want to reflect it to his wallet quickly he need to pay the huge transaction fee and after it was confirm then that is the time to give the actual cash to the seller of bitcoin there is no big problem on that. Much better if you are transacting near on the police station for the securities of both parties.

zazarb

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Quote from: Danos on October 29, 2017, 06:04:23 PM

Quote from: Phoenixrising70 on October 29, 2017, 05:45:31 PM

Quote from: Danos on October 29, 2017, 05:00:40 PM

Quote from: Phoenixrising70 on October 29, 2017, 08:28:46 AM

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Tell your customer to google "escrow" and read.
Welcome to 2017 year where people are smart enough to not being robbed.

It does appear than many of the escrow services are themselves thieves. Can you recommend one or a couple of check out and they need to take cash...

https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
And none of them are thieves believe me

They proved enough already how trusted they are.
I don't believe anyone with his mind will agree to make 20btc deal face to face with risk to get robbed.

updated escrow list here: https://bitcointalksearch.org/topic/list-bitcointalks-escrow-providers-ranking-blacklist-avoid-scam-276897

lilRoy07

full member

Activity: 154

Merit: 100

cant do it over 6 xfers?

Enzo05

full member

Activity: 938

Merit: 102

Quote from: NeuroticFish on October 29, 2017, 08:33:04 AM

Quote from: Phoenixrising70 on October 29, 2017, 08:28:46 AM

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Normally after the first confirmation there should be no "surprises".
This means that after the first confirmation there should be no more tension, at least.
And for that I would recommend a higher than usual tx fee, just to make sure you "catch" the first block.

Thats true cause its just saying that the next transaction will be ok , so no more tension

CaVO32

full member

Activity: 1848

Merit: 158

yeah, just to be sure use an escrow. there's a lot here who are offering that kind of service and sometimes it's free or just pay them very minimal fee. just refer to what danos' link that he gave. it's better to be safe than sorry.

Danos

sr. member

Activity: 308

Merit: 250

Quote from: Phoenixrising70 on October 29, 2017, 05:45:31 PM

Quote from: Danos on October 29, 2017, 05:00:40 PM

Quote from: Phoenixrising70 on October 29, 2017, 08:28:46 AM

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Tell your customer to google "escrow" and read.
Welcome to 2017 year where people are smart enough to not being robbed.

It does appear than many of the escrow services are themselves thieves. Can you recommend one or a couple of check out and they need to take cash...

https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
And none of them are thieves believe me

They proved enough already how trusted they are.
I don't believe anyone with his mind will agree to make 20btc deal face to face with risk to get robbed.

Phoenixrising70

newbie

Activity: 3

Merit: 0

Quote from: Danos on October 29, 2017, 05:00:40 PM

Quote from: Phoenixrising70 on October 29, 2017, 08:28:46 AM

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Tell your customer to google "escrow" and read.
Welcome to 2017 year where people are smart enough to not being robbed.

It does appear than many of the escrow services are themselves thieves. Can you recommend one or a couple of check out and they need to take cash...

Danos

sr. member

Activity: 308

Merit: 250

Quote from: Phoenixrising70 on October 29, 2017, 08:28:46 AM

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Tell your customer to google "escrow" and read.
Welcome to 2017 year where people are smart enough to not being robbed.

Phoenixrising70

newbie

Activity: 3

Merit: 0

Quote from: ?? on ??

the world is very big you must say where you want to meet to buy the bitcoins

Monaco, Brussels or Milan

NeuroticFish

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Looking for campaign manager? Contact icopress!

Quote from: Phoenixrising70 on October 29, 2017, 08:28:46 AM

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Normally after the first confirmation there should be no "surprises".
This means that after the first confirmation there should be no more tension, at least.
And for that I would recommend a higher than usual tx fee, just to make sure you "catch" the first block.

Phoenixrising70

newbie

Activity: 3

Merit: 0

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Topic: Face to face large purchase of Bitcoins for cash (Read 576 times)