Have you ever exchanged BTC face to face? - page 6.

dunfida

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Quote from: Quidat on June 06, 2018, 06:40:25 PM

Quote from: qumatru on June 06, 2018, 06:33:15 PM

yes i always exchange my BTC face to face because in online exchange have many types of scammers. face to face exchange is safe and secure transaction
before some months i exchange my bitcoin and they never back my money.

This comment made me confused for a second lol. There are various of legit exchangers over the internet, I bet you even have one locally. If you mean exchanging p2p over the internet then that would be a risky move unless you hire someone to escrow your transactions. On the other hand, it does not have a security guarantee when you exchange Bitcoin with someone face to face. Do you know the risks of exchanging with somone face to face? Specially to strangers? Its risking not only your asset, but your life as well.

This is the risk involved when we do make p2p transactions into strangers we wont even know if they are legit or just totally have those criminal minds to take out those coins from you.Ive seen some do make this but only to known people but if you are transacting into random ones then better not to proceed without any caution specially when you transact on bigger amounts and as being said you are not only risking out your assets but also your life too. Exchagers are way more safer on my side.

metalglowd

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of course not, because in my city where I live, I know not too many people know about bitcoin or vice versa, but maybe it seems like I've transacted bitcoin with my friend when he tried to withdraw but his account is still in trouble

stellgod

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Quote from: fenzuijk on June 08, 2018, 07:48:22 AM

This is difficult. In most countries, Bitcoin has not yet been popularized. Even if many developed countries are all trading online, how can they use an electronic currency to trade face-to-face like cash? It's a bit weird.

It would be really bit awkward to transfer bitcoin to someone’s account by meeting them because this currency is supposed to reduce distances for making deals and doing transactions. But yeah, it is not that bad. If the person who is receiver is near you and you are transferring a big number of bitcoin, you may meet him and transfer amount. This is going to reduce the risk for getting scammed as well.

Sanchezino40

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I have never had BTC exchange one on one. Generally, we know its risky doing it and that's why a lot of us prefer dealing online to one on one exchange. It could lead to robbery if one is not careful.

Xardasim

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I did it, because the government takes extra fee when i send money in my card from any crypto exchange. we have created a group of traders within the country and we are helping each other, if anyone needs to exchange crypto or cash.

fenzuijk

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This is difficult. In most countries, Bitcoin has not yet been popularized. Even if many developed countries are all trading online, how can they use an electronic currency to trade face-to-face like cash? It's a bit weird.

giarised

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Quote from: ulages on June 07, 2018, 03:01:01 PM

yea i was the first custmer for my friend and vice versa in the crypto world LOL

This way, you wouldn’t have earned some good experience. Because we are often not so businessmen when we deal with our family members or friends or relatives etc. we have to keep them away from this business thing and trading. You wouldn’t be earning money good money when you deal with such people. So better is get way as saying goes, there wouldn’t be any known person in dealings.

Jack353

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I have exchanged BTC in person a few times. It has always gone very well and the other party has always been very professional and polite. I have, however, only ever been the seller and have only ever accepted cash as a form of payment.

If you ever decide to exchange f2f, I strongly recommend meeting at a restaurant - or cafe - to avoid a VERY awkward 30 minutes while the transaction confirms (learned that the hard way). Also, only use cash or instantly claimable gift cards (like Amazon or Itunes) to avoid charge-backs.

Other than that, f2f exchanges are a great way to get your cash or BTC immediately - just be careful and always meet in a comfortable public place.

allohha

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Quote from: karthcrypt on June 06, 2018, 06:45:11 PM

No I have not! From those who had, I learnt that is risky and dangerous. When it comes to money truly you may not be able to predict accurately why other people's behaviour is!

maybe it's greed, because every person when he starts working with money, his behavior changes completely and in different situations people act quite differently. today the community of crypto currency users is very small to be able to meet the same user for face-to-face exchange.

richardsNY

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Quote from: Quidat on June 06, 2018, 06:40:25 PM

Do you know the risks of exchanging with somone face to face? Specially to strangers? Its risking not only your asset, but your life as well.

That was the first thing I was thinking about when I read his post. Based on that I think it's safe to say that he has never actually done any F2F trades. You firstly don't know what tainted coins you are buying, and secondly, with crypto being such a hot item in the last years, criminals have actually made it their main priority to rob people off their coins or fiat when dealing F2F. In the last few months there have been various robberies that made it to the news, and I am sure that this is only the beginning. The higher the prices goes up in the coming years, the more of a target people become. What makes things even worse is that some people are stupid enough to boast about their profits and holdings....

ulages

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yea i was the first custmer for my friend and vice versa in the crypto world LOL

karthcrypt

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No I have not! From those who had, I learnt that is risky and dangerous. When it comes to money truly you may not be able to predict accurately why other people's behaviour is!

qumatru

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yes i always exchange my BTC face to face because in online exchange have many types of scammers. face to face exchange is safe and secure transaction
before some months i exchange my bitcoin and they never back my money.

Quidat

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Quote from: qumatru on June 06, 2018, 06:33:15 PM

yes i always exchange my BTC face to face because in online exchange have many types of scammers. face to face exchange is safe and secure transaction
before some months i exchange my bitcoin and they never back my money.

This comment made me confused for a second lol. There are various of legit exchangers over the internet, I bet you even have one locally. If you mean exchanging p2p over the internet then that would be a risky move unless you hire someone to escrow your transactions. On the other hand, it does not have a security guarantee when you exchange Bitcoin with someone face to face. Do you know the risks of exchanging with somone face to face? Specially to strangers? Its risking not only your asset, but your life as well.

concept2

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Yes, I have done 1 time of my life. There is a local exchange in my city and I was very surprised that they do have bitcoin exchange. And not only bitcoin, they have some other kinds of cryptocurrencies too. And the first time I convert my bitcoin to cash was at that place

simpleholmes

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Personally I have exchange btc 4-5 times and never encountered with a problem, the deal went smooth without any concerns. But before exchanging we met in a crowded place to be sure.

eekkaa

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for now I have never used bitcoin to buy or exchange directly with people face to face because I for now I used to use bitcoin for cyberspace transactions do not have to meet directly by the seller.

kaisa

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I have been twice, first when fundraising for an orphanage. when it was fund-raising through a community of cryptocurrency traders who received bitcoin as a fund-raising action. secondly, when a merchant friend held a wedding reception. in the tradition in our country, when visiting the wedding, in addition to giving congratulations also bring money or gifts to be given. that time our friend received bitcoin as a wedding gift.

SportbetMaster

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Not long ago, I really wanted to exchange bitcoin face to face in my area just to see how bitcoiners look like; I did it and I always do it because it's part of my black buseness and I also noticed that bitcoiners are really curious.

Findingnemo

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Quote from: boty on June 06, 2018, 08:26:44 AM

for now I have never redeemed bitcoin face to face because I'm too busy and maybe I'm too lazy to get out of the house so I'm more likely to use bitcoin to make payments at the exchange using the available websites.

No I also don’t make an exchange that you don’t need this type of exchanges far as we need only exchanges from crypto currencies to our own country currency I don’t do anything like this.

Topic: Have you ever exchanged BTC face to face? - page 6. (Read 8320 times)