Topic: Have you ever exchanged BTC face to face? - page 16. (Read 8321 times)
I have advertised a few times on local bitcoins to sell in cash but have never had an offer, i have also sent friends and family some and bought a coffee a few times from a local cafe that accepts it.
sadly I haven't cause people here don't know about bitcoin or any other cryptocurrency , I would like to exchange some btc from time to time
but in general people here have zero experience when it comes to online money in general , cause all the popular ewallets and even master and visa aren't supported
maybe this will change in future if the people here started to realize that they can spend and make money online
but in general people here have zero experience when it comes to online money in general , cause all the popular ewallets and even master and visa aren't supported
maybe this will change in future if the people here started to realize that they can spend and make money online
With my brother I have exchanged when he need to buy some bitcoins he ask from me to sell some to him and so he pay me fiat and at that time I send him bitcoins that is a good example of face by face bitcoin 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?
never. I just sold my bitcoin to my friend who ws far away from me and to local exchanger because here, where I live, in my environment nobody knows bitcoin exactly or I do not know who knows bitcoin except me. so I never exchange my bitcoin face to face.
To say the truth, I don't know anyone who uses Bitcoin, just people from the internet. People around me doesn't use it or doesn't know what it is. It's impossible for me at this moment to exchange BTC face to face with another person.
If I have all the sites offering BTC deals and services, I don't need to search for people in my area, it's very accessible and simply as it is now and I'm fine with this.
If I have all the sites offering BTC deals and services, I don't need to search for people in my area, it's very accessible and simply as it is now and I'm fine with this.
No I have not tried that till now as nowadays it is much hard to find a person in your area who will use bitcoin and if someone will use they will be at the same level as you. In my place only some of my friends are using bitcoins but I have not tried yet with them. In the future it will not be any issue when everyone will have bitcoins.
i have exchanged some bitcoin with my friend whom i teached about bitcoins some months ago maybe like 5-6 month ago but i have never get a chance to do it with any strainger. bitcoin is popular in my contry as because they have seen it in news but many less people have faith and truly belives in it.
I often give some loan to my friends in bitcoin when they need that is done face to face as they come to my home to ask for that if they need for buying any online good and when they have some money they give them back to me in BTC or in fiat in hand.
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 have done it, in a small restaurant once, personally I will not doing it again, nothing went wrong or anything but it is way easier to just buy the coins by cash deposit or other methods than to do a face to face trade. Who has exchanged BTC F2F?
I have exchanged it F2F only with relatives. If you have the slightest knowledge about the other person, F2F exchange could be the most reliable method. But it still has it's risks that seriously expands if you haven't met with the other person before and especially at high volumes when IRL hit&run and murder are considerable risks. In that case, it's advised to secure yourself even when exchanging F2F.
I have not experienced selling BTC but I have bought some BTC with my friend. I think if ever i have BTC to sell, I would choose a platform where there is no physical contact between seller and buyer. I would rather have my safety than my BTC 
Not a chance, I haven't exchange BTC face to face because I am too lazy to go out and meet people just to sell or buy a BTC. I am very comfortable in buying BTC in a convinient store and selling it with third party processor. I have not experience any problem dealing with this kind of method.
I have done but with close friends and colleagues , people that I know. Whenever they needed to buy I have sold them even a bit cheaper than the exchange rate of Bitstamp as that is what we use in Europe, just to stimulate them to get more deeper in the bitcoin world.
I am really afraid to try this kind of exchange with people I don't really know well as it contains lots of risks. Stealing, life menacing (not kidding here) and other risk it may contain. That's why I stay away from this kind of exchange with people that I don't know.
This is a very good way of exchange with only people you know well and you know from a certain time like friends and colleagues.
I am really afraid to try this kind of exchange with people I don't really know well as it contains lots of risks. Stealing, life menacing (not kidding here) and other risk it may contain. That's why I stay away from this kind of exchange with people that I don't know.
This is a very good way of exchange with only people you know well and you know from a certain time like friends and colleagues.
I didn't see anyone mentioning the main reasons for face to face transactions (maybe I missed it tho):
1) localbitcoins, banks, all charge fees to escrow or transfer funds. Face to face cash payment doesn't have this loss.
2) face to face cash for bitcoin breaks the chain. The other guy might see your face but at least your transaction is not sitting in a database which is kept by banks or localbitcoins forever waiting for a warrant to force them to release it.
I much prefer face to face transactions as both a buyer and a seller.
1) localbitcoins, banks, all charge fees to escrow or transfer funds. Face to face cash payment doesn't have this loss.
2) face to face cash for bitcoin breaks the chain. The other guy might see your face but at least your transaction is not sitting in a database which is kept by banks or localbitcoins forever waiting for a warrant to force them to release it.
I much prefer face to face transactions as both a buyer and a seller.
Good point, face to face exchanges are quick and have no fees and need no escrows, but it is also not a perfect method for some people.
1. People are shy and do not want to go out in public a lot especially meeting new strangers
2. You need to be trusting the person you are going to meet wont physically harm you
3. The person needs to be near your area. This is the biggest one as some people live in countries where BTC not popular.
Bank transfers are quick too. The speed is not a good argument (especially when you take into account the time to get to the meeting). I guess shyness is a point, tho I'd argue people can use these meets to practice going out
You don't need to trust people so much. Meet in a public place. leave at your own chosen moment (stay for an extra coffee if you like). Petty thieves aren't a patient kind of people. Call another friend to join you for a coffee even
Location and time to get there are negatives. No question.
I didn't see anyone mentioning the main reasons for face to face transactions (maybe I missed it tho):
1) localbitcoins, banks, all charge fees to escrow or transfer funds. Face to face cash payment doesn't have this loss.
2) face to face cash for bitcoin breaks the chain. The other guy might see your face but at least your transaction is not sitting in a database which is kept by banks or localbitcoins forever waiting for a warrant to force them to release it.
I much prefer face to face transactions as both a buyer and a seller.
1) localbitcoins, banks, all charge fees to escrow or transfer funds. Face to face cash payment doesn't have this loss.
2) face to face cash for bitcoin breaks the chain. The other guy might see your face but at least your transaction is not sitting in a database which is kept by banks or localbitcoins forever waiting for a warrant to force them to release it.
I much prefer face to face transactions as both a buyer and a seller.
Good point, face to face exchanges are quick and have no fees and need no escrows, but it is also not a perfect method for some people.
1. People are shy and do not want to go out in public a lot especially meeting new strangers
2. You need to be trusting the person you are going to meet wont physically harm you
3. The person needs to be near your area. This is the biggest one as some people live in countries where BTC not popular.
I never experience to someone to face to face exchange bitcoin.. but i think that is why we are using bitcoin because we do not want to let them know our identity or because we are lazy we can just pay in bitcoin online without going in their place..
This is a new advantage of bitcoin and we do not waste our time to go in far places just to meet someone to exchange bitcoin..
This is a new advantage of bitcoin and we do not waste our time to go in far places just to meet someone to exchange bitcoin..
I didn't see anyone mentioning the main reasons for face to face transactions (maybe I missed it tho):
1) localbitcoins, banks, all charge fees to escrow or transfer funds. Face to face cash payment doesn't have this loss.
2) face to face cash for bitcoin breaks the chain. The other guy might see your face but at least your transaction is not sitting in a database which is kept by banks or localbitcoins forever waiting for a warrant to force them to release it.
I much prefer face to face transactions as both a buyer and a seller.
1) localbitcoins, banks, all charge fees to escrow or transfer funds. Face to face cash payment doesn't have this loss.
2) face to face cash for bitcoin breaks the chain. The other guy might see your face but at least your transaction is not sitting in a database which is kept by banks or localbitcoins forever waiting for a warrant to force them to release it.
I much prefer face to face transactions as both a buyer and a seller.
Who has exchanged BTC F2F?
Why on Earth would you leave before one confirmation?
It's a clear requirement that the seller stays with you until one confirmation (and I wouldn't pay until that anyway).
You make that clear before leaving home, so he knows he needs to use a sensible fee to get that first confirmation asap (10 mins) or sit there all day waiting.
I also have not exchanged bitcoins to a person in front of me but there is a person in our country to whom I send my bitcoins and he send me my money to my bank account and he is living in another city of my country and I have not met him yet.
I have exchanged btc but also only with family members and friends. I sort of know it must be safe to make a deal with smb from localbitcoins and bitcoin is not illegal in my country and yet it seems risky to meet a stranger and do the thing. Another thing is that exchanging with a friend is usually good both for you and him/her whereas dealing with strangers you'll always lose some money.
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