Have you ever exchanged BTC face to face? - page 2.

prayogi

full member

Activity: 700

Merit: 100

Quote from: Hassan02 on August 22, 2018, 12:46:12 PM

Quote from: gasanali on August 22, 2018, 11:32:20 AM

We have the similar but not the same case here in our area. There is one rich guy, he was the first to begin trading crypto among us, we give him cash euros and he sends us Bitcoins to our wallets when we need.

on my country i never been experienced how your all experienced had been made of to exchange btc by that , but i wonder also to experience that though i think on my country we are just late but anyway a goodluck advancement for crypto to be made this for.

still in the corridor of individual business, this is against the law in my country, I have done several times in several meetings, but only with partners that I know well, transactions are easier when meeting, there is a big element of mutual trust with good communication. only need to use android and the transaction runs fast.

Osaaah

newbie

Activity: 84

Merit: 0

Two weeks ago, a friend came to my apartment in need of 500$ equivalent in Bitcoin. And so i put on my wifi and made a quick transfer from my wallet into his. I am pretty sure this is equivalent to exchanging Bitcoin face to face. The truth is, it was not so special but it was fun having to send money in it digital form from my wallet into a pals wallet in exchange for US dollar..

Hassan02

hero member

Activity: 743

Merit: 500

Quote from: gasanali on August 22, 2018, 11:32:20 AM

We have the similar but not the same case here in our area. There is one rich guy, he was the first to begin trading crypto among us, we give him cash euros and he sends us Bitcoins to our wallets when we need.

on my country i never been experienced how your all experienced had been made of to exchange btc by that , but i wonder also to experience that though i think on my country we are just late but anyway a goodluck advancement for crypto to be made this for.

batoman

member

Activity: 197

Merit: 10

I don't have this kind of face-to-face trading experience with Bitcoin, but comparing to exchange trading, i dont thing F2F is better than exchange. Because the efficiency of F2F is too low, and the security is way lower than exchange. In my opinion, face-to-face trading is suitable for a large number of bitcoin transactions, because this trading method will not affect the market.

gasanali

jr. member

Activity: 196

Merit: 1

We have the similar but not the same case here in our area. There is one rich guy, he was the first to begin trading crypto among us, we give him cash euros and he sends us Bitcoins to our wallets when we need.

believe in BTC

newbie

Activity: 44

Merit: 0

Quote from: liseff3 on August 03, 2018, 05:35:25 PM

Quote from: countryfree on December 12, 2016, 08:36:31 PM

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?

Even though my country prohibits bitcoin from being used as a transaction tool, I often do it every day until now, especially to buy goods for daily needs (incidentally, the shop near my home has a BTC wallet) and borrow or lend it, to friends who I know.

Yes in most of the countries they have prohibited their people from using bitcoin or its transaction, but still people there finding some ways to use it for shopping and for other purposes. In my country we also have the same situation, and that is the reason that I now mostly do transaction from face to face.

bits4books

sr. member

Activity: 854

Merit: 264

Crypto is not a religion but i like it

I have bought my Bitcoin in ATM if it is counted, because it is like face to face but you are facing not a human but a bot, which just calculate all the things that are needed in order to sell your Bitcoin.

Pherjen5

newbie

Activity: 26

Merit: 0

Quote from: nydiacaskey01 on August 02, 2018, 03:13:01 PM

This happened to me one time only when a neighbor of mine who is curious of Bitcoin asked me if I can sell him $200 worth of Bitcoin. I agreed but and both of us settled with how much the price is but my neighbor want to see how the transfer will be done. Transferring $200 worth of Bitcoin is like an eternity with my neighbor looking at his watch from time to time as we check how many confirmations already.

In past we were using urdubit for converting our bitcoin in to our local currency, but after banning bitcoin by the banks, now for most of the time we are using bitcoin to sell it directly to buyer, therefore for most of the time we sell bitcoin to other people fact to face.

goshay97

jr. member

Activity: 223

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A face to face meet up to exchange Bitcoin with a stranger seems like it would posses a high chance of issues arising. I doubt I would ever attempt this unless I was desperate.

liseff3

sr. member

Activity: 532

Merit: 255

Quote from: countryfree on December 12, 2016, 08:36:31 PM

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?

Even though my country prohibits bitcoin from being used as a transaction tool, I often do it every day until now, especially to buy goods for daily needs (incidentally, the shop near my home has a BTC wallet) and borrow or lend it, to friends who I know.

m_f_o_c

newbie

Activity: 98

Merit: 0

I exchanged crypto currency in this way only with friends or very close acquaintances. In the future I hope this will be more common and it will be possible to do this even with strangers.

peter0425

sr. member

Activity: 2618

Merit: 439

Good question. I haven't done any face to face exchanges. Perhaps I was afraid of the risk involved that's why I don't like the idea. However, if is just a small amount and I know the person, like $100-$500 worth of bitcoin, just maybe I have the nerve and go with it. I read stories before in the forum, when I was just starting my bitcoin journey, that someone here trades didn't end well and probably it just stuck on my head since then.

nydiacaskey01

legendary

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This happened to me one time only when a neighbor of mine who is curious of Bitcoin asked me if I can sell him $200 worth of Bitcoin. I agreed but and both of us settled with how much the price is but my neighbor want to see how the transfer will be done. Transferring $200 worth of Bitcoin is like an eternity with my neighbor looking at his watch from time to time as we check how many confirmations already.

snewkadel

newbie

Activity: 70

Merit: 0

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

sherwinsamsung

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Quote from: countryfree on December 12, 2016, 08:36:31 PM

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 bitcoin transaction face to face in our local community. sometimes i buy bitcoins from someone, we meet, we go to internet café, he transfer the bitcoin and i gave him the money. doing business in localbitcoins opens up opportunity in meeting other crypto people within local community.

GreatGEEK

newbie

Activity: 86

Merit: 0

I think it’s even hard to say which process is more complicated — to exchange btc face to face or to use crypto website. To be honest, in case of exchanging it personally, I don’t know how to find a guarantee that I won’t be fooled. Speaking about convenience, I'm feeling more comfortable when I'm dealing only with exchange. Communication with humans is way more complicated 😂

apityeh71

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I never exchange BTC with others person by P2P because here just little bit people understanding and how BTC work. Many people around me still not familiar with crypto, and they only use fiat as payment for buying good n service. But in big city in my country there already some shop and merchants accepted Bitcoin.

coffigayo

member

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For now I have never done face to face even before the cost of doing a face transaction if we can transact online. I have a lot of money exchange with a good exchange rate that I have.

pandanaran

full member

Activity: 1048

Merit: 101

I've never do that, maybe because bitcoin can be done without F2F, so it's a strange thing, indeed to increase trust is a good thing, it's just that this is a bit strange, it's just my personal opinion. and maybe we will transact which is from different countries? we will be hard to meet.

btcyoda

member

Activity: 644

Merit: 10

In my country, i didn't find any option like this because locally we have some exchanges where we can sell the Bitcoin for fiat currency. It is very difficult to exchange face to face because how can we simply believe them because after giving cash maybe he will leave.

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