Topic: Have you ever exchanged BTC face to face? - page 14. (Read 8320 times)
I have always been on the buying side of the deal and for that I am not too enthusiastic to do it face to face, because when you are buying bitcoin you can buy it online a lot easier than you can do it face to face, and besides trading face to face is a lot of hassle and it is dangerous that is why it is only good for those who want to have the privacy of cash deals.
I have been exchanging my bitcoin through face to face transaction when ever i need any cash. Really i am not selling much bitcoins through face to face because there may be some violation. Once the government know that we are selling bitcoins through face to face definitely they will keep us in jail. Face to face exchange should be always confidential even though we make good money.
I didnt know that selling bitcoin by person is a crime .Why is that a crime to do so.Face to face exchange are a bit risky as you never know what the other persons intentions are if you are holding a good number of coins.We do have good exchanges to sell our coins if needed and i would not risk that by meeting an unknown individual.
i was never done it before and even a lot of bitcoin users in my country but there is no bitcoin users in my neighborhood or a person which I know well so i won't took my own risk with exchanged my bitcoin to the strangers and for now i always exchanged my bitcoin to the exchange
I've been using BTC for a while. I've been using it at exchanges, to trade altcoins and to order goods over the Internet, but I've never exchanged BTC with someone in front of me. At a store or between friends, or family. This despite having had long conversations about BTC with various kinds of people, and attending a few meetups.
Who has exchanged BTC F2F?
Who has exchanged BTC F2F?
lucky for me, first because my friend is also a bitcoin users. So I sell bitcoin to my friend, he paid with cash. And it is the first time I redeem bitcoin in directly
Actually i have done several BTC exchange with local guys face to face but as there is also local payment gateway we have here majority of time i buy/sell with them without meeting them personally. But its good to have face to face deal on first deal to build some trust and it was so much fun to meet and have conversion with like minded people which is hard to find in case of bitcoin.
Exchange bitcoin face to face will be a good experience.
I haven't did it. But you can imagine, in front of your house there is cafe that selling bitcoin and peoples come to trade their btc.
I haven't did it. But you can imagine, in front of your house there is cafe that selling bitcoin and peoples come to trade their btc.
in my opinion exchanging bitcoin face to face is for those who are paranoid or live in countries with laws against trading and holding bitcoin. and i am neither.
and on top of that i am not usually "selling" bitcoin because i am in it for long term and the only limited times i sold i did it online to local buyers for local currency.
Well, I also felt that it would be detrimental. you have to move more power for the same result. I feel that we only get damages if redeem bitcoin face to face with people we do not know. I prefer to exchange it online rather than face to face and on top of that i am not usually "selling" bitcoin because i am in it for long term and the only limited times i sold i did it online to local buyers for local currency.
i didn't see anyone mentioning this so i do it here;
for all of those who are interested in selling bitcoin face to face or have done it already i suggest reading this article story about a guy who was robbed in New York at gun point after he sells bitcoin to a shady person face to face:
http://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/
and this is not the only one you can search for more stories that has happened so far:
https://www.google.com/search?q=bitcoin+seller+robbed+at+gunpoint
so be careful and try doing the trade in a public place or even a police station and if it was possible take someone with you.
for all of those who are interested in selling bitcoin face to face or have done it already i suggest reading this article story about a guy who was robbed in New York at gun point after he sells bitcoin to a shady person face to face:
http://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/
and this is not the only one you can search for more stories that has happened so far:
https://www.google.com/search?q=bitcoin+seller+robbed+at+gunpoint
so be careful and try doing the trade in a public place or even a police station and if it was possible take someone with you.
in my opinion exchanging bitcoin face to face is for those who are paranoid or live in countries with laws against trading and holding bitcoin. and i am neither.
and on top of that i am not usually "selling" bitcoin because i am in it for long term and the only limited times i sold i did it online to local buyers for local currency.
and on top of that i am not usually "selling" bitcoin because i am in it for long term and the only limited times i sold i did it online to local buyers for local currency.
I definitely disagree that is paranoid to buy/sell bitcoins face to face if you follow some common sense steps and the amount you want to spend is not very high. So I will recount how I bought two times in the past with this way.
1. Using localbitcoins I bought a some coins for a couple of times using the option national bank transfer. So when I paid him I saw his real name as well as he saw mine.
2. Checking his feedback not only with me but with other people I asked him to have a deal f2f because the exchange rate was better than before.
3. We met in a public space where internet connection was without hassle I asked him his id and I gave him the money. After the first confirmation I returned his id and our deal finished.
in my opinion exchanging bitcoin face to face is for those who are paranoid or live in countries with laws against trading and holding bitcoin. and i am neither.
and on top of that i am not usually "selling" bitcoin because i am in it for long term and the only limited times i sold i did it online to local buyers for local currency.
and on top of that i am not usually "selling" bitcoin because i am in it for long term and the only limited times i sold i did it online to local buyers for local currency.
I only ever exchange bitcoin with my friend by face to face, but for stranger i never do that, even though there was one time a person want to bought my bitcoin with a little bit higher than usual price, bitcoin is a wild world better to take precaution and i choose to be safe rather than anything happened to me and my bitcoin
No I don't. Maybe someday if bitcoin is really popular in my country. For now I think I can excange bitcoin with items through online. In my city I think we are less than 10 who knows bitcoin. And that number I don't know any one of them. For now I'm trying to introduce bitcoin to my friends but no luck. They did not believe me.
At this point not, but I see doing face 2 face transactions as some sort of a last resort option in case it's next to impossible to buy Bitcoin via an exchange.
I only find it not a very safe option as basically anything can happen when you are being tricked by criminals where they end up forcing you to hand over everything.
I also don't like the aspect of having to wait possibly an hour for a transaction to confirm with someone I totally don't know. There are too many cons.
I only find it not a very safe option as basically anything can happen when you are being tricked by criminals where they end up forcing you to hand over everything.
I also don't like the aspect of having to wait possibly an hour for a transaction to confirm with someone I totally don't know. There are too many cons.
I have been exchanging my bitcoin through face to face transaction when ever i need any cash. Really i am not selling much bitcoins through face to face because there may be some violation. Once the government know that we are selling bitcoins through face to face definitely they will keep us in jail. Face to face exchange should be always confidential even though we make good money.
If you are worried about government surveillance, then face-to-face transaction may be actually the better option. If you exchange BTC for physical cash, then it is extremely difficult for the tax authorities to track you. On the other hand, if you receive a bank transfer after selling your coins, then it will be very easy for the officials to track you.
I tried this long while back. It was my friend friend and she wanted to exchange btc, normally I don't like doing it but when it's a girl, and girl I can't even describe I said a yes. I was kind of skeptical but the process was smooth and the reward was satisfying. I feel this method is nicer, it reduces the risk and makes it safe for both parties. I encourage this method.
I have been exchanging my bitcoin through face to face transaction when ever i need any cash. Really i am not selling much bitcoins through face to face because there may be some violation. Once the government know that we are selling bitcoins through face to face definitely they will keep us in jail. Face to face exchange should be always confidential even though we make good money.
I haven't done any exchange btc face to face, because in my country i have facility where i can exchange my btc into local currency, they are very secure and prompt people. I have been exchanging to them more than year as i don't have any problem with them. Till now i din't find any person personally needs bitcoin in my local area.
I've been using BTC for a while. I've been using it at exchanges, to trade altcoins and to order goods over the Internet, but I've never exchanged BTC with someone in front of me. At a store or between friends, or family. This despite having had long conversations about BTC with various kinds of people, and attending a few meetups.
Who has exchanged BTC F2F?
I always sell my bitcoin to my friends and for those who already knew about bitcoin but i always put 10% of the original price from preev.com sometimes i use legit exchanger website to sell up my bitcoin but it is really good when you are going to deal with a person face to face. Who has exchanged BTC F2F?
I have only exchanged bitcoin via an atm machine but never with friends or family as My Wife and myself are the only people in our family that engage in anything bitcoin related. We try to explain to them about ti but they still think of bitcoin as some nerdy futuristic gig.
to me i i did it for several times, i have a friend in my neighbor i usually exchange my bitcoin with him when i feel the need and some time he also do so, i think it is the most simplest and trusted method to do so. 
I'm kind of afraid to do that, you know... Exchanging BTC face to face exposes you to different dangers, especially when the sum you want to exchange is over $1K. I prefer completing exchanges online, where my identity is hidden. This way I can feel safe, but I have to make sure the website I'm going to choose will NOT be a scam.
I remember I was reading about some cases before, couple scammers tried to take bitcoins from some guy in face2face transaction, somewhere in US, and if I remember precisely guy wanted to sell more then 30 k worth of bitcoins.
I sell my bitcoins to a guy who live in other town, and he is not close, I wrote him on viber and we he send me money very fast. I don`t need to look for someone else cause this is very good what I have now. This guy also sell bitcoins, I doubt I will change him, in one year I didnt have any problems with him.
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