How to know is someone real and trusted for Bitcoin trading?

Ryushin

member

Activity: 322

Merit: 10

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

You don't need people to trade bitcoin, I still get people in my country who thinks that Bitcoin can only be sold by telling people about it, it's like who's going to buy it? Until I started telling them that we have exchanges available to buy and sell bitcoin at any time and Volumes are always present, there are millions of buyers and over 100 exchanges too

Mighty_crypt

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Activity: 784

Merit: 21

It's a bad move trading bitcoin someone when we have many exchanges that have good reputations and good customer services, exchanges are more reliable for buying crypto coins than buying from someone who can one day decide to escape with your money, if you don't want to end up getting scammed it's better you start dealing with exchanges instead.

JHORN

member

Activity: 252

Merit: 15

Sovryn - Brings DeFi to Bitcoin

If anyone offers to sell bitcoin to you they are probably scammers, in my country people are selling bitcoin between themselves and I keep warning those that are close to me, not too long the seller decide to change his phone number and shut down is social media account after taking payments from many people, this is stupidity, we have exchanges for safe crypto trading, why but from people around you?

Apostlekin$$$

member

Activity: 238

Merit: 17

Sovryn - Brings DeFi to Bitcoin

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

Don't trade with someone, do not buy bitcoin from someone like yourself, even if they sell bitcoin to you today and you received, they can change tomorrow and decide to run away with your money if the money is big enough, it's better to use top exchanges like binance, kucoin, Okex, huobi etc

Kgn78692

newbie

Activity: 37

Merit: 0

As far as I know nowadays many people are posting regarding buying and selling of bitcoin but 99% of them are fake in order to avoid fake transaction you should use crypto exchange like localbitcoins paxful binance because they verify identity before using their platform for buying and selling

qwertyup23

hero member

Activity: 2282

Merit: 795

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

The trust system and feedback on the person is not conclusive but that will serve as your best basis in order to determine if such user can be trusted. In addition, you can also consider their history and contribution in the forum as those may help you in determining their position in the forum.

Warning though, recently, there were trusted members on the forum who took advantage of their positive feedback and they decided to default on hefty amount of loans. Like what I mentioned, the trust system is not a conclusive evidence that can guarantee you a successful and safe transaction. So if you are dealing with large amounts of transactions in the forum, I highly advise for you to hire an escrow or a third-party that can hold such funds for the time being.

akirasendo17

sr. member

Activity: 1106

Merit: 310

Exchange is created to avoid transaction with people directly, why? because there is a 100% possibility he will run after the transaction, I suggest you avoid those kinds of deals, if you don't know them directly, people taking advantage if they know you are new after the deal I'm sure they will disappear.

CryptocurencyKing

hero member

Activity: 1288

Merit: 504

This is why the trust system was developed. Though, I don't know the reason or way the various trust levels apportioned a user is being done but, it's quite effective to the way I know it because, it measures the worth and integrity of a user though, your discretion is advised when using the trust system.
Some users such as Lauda though has chosen to live for obvious reasons best know to him, respect to Lauda, has been known to hold a considerable number of Bitcoin as a third party in some transactions. That's integrity and trust system in action right there. A value modst users need to develop as it goes beyond greed and earning with what ever means.
In essence, there is no extremely right means to trust someone on the forum completely but the trust system gives a clue on a few relatively safe users though, people change so, your discretion is always advised.

Pokapoka124

hero member

Activity: 1148

Merit: 555

Don't trust strangers with your money especially those who pm you posing to be "experienced traders". Most are probably scams...I had a similar experience on telegram. I saw testimonies of people in a crypto channel I was in...turned out it was all a scam. I lost some $$$ but I got smarter.

gentlemand

legendary

Activity: 2604

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Welt Am Draht

Quote from: Inkdull on June 07, 2020, 05:25:43 AM

gate.io

Gate.io was BTER which got 'hacked' to the tune of several thousand BTC. They started off saying they would pay back their customers with earnings from fees. Then they got bored and relaunched as Gate.io after having paid back a derisory amount.

That makes them at the very least lazy assholes, more likely they were the hackers and gave up pretending to give a shit when enough time had passed. Do not be shocked when lightning strikes twice.

Timmzzy

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Activity: 785

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SOL.BIOKRIPT.COM

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

In life trust NO one, but on other words I don't think if you have large amounts of transaction to do I recommend you using the source you are familiar with like luno or probably a reliable escrow group that is well known and trust in time.

Synerggy

member

Activity: 248

Merit: 13

Futiracoin.com

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

Don't trade Bitcoin with someone, there is no way to know if they can be trusted, go to top exchanges and sell or buy Bitcoin comfortably without fear of getting scammed, through reviews and reputations top exchanges can be trusted than dealing with someone direct.

Inkdull

member

Activity: 238

Merit: 10

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

The perfect answer is to avoid buying Bitcoin from any body, that's why we have exchanges friend, there are many Centralized exchanges and decentralized exchanges in crypto space today, go to binance, Okex, huobi, kucoin, bithumb, gate.io, etc, don't try trusting people with your coins, they will definitely scam you

Negotiation

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: tataren on June 04, 2020, 02:28:54 PM

Quote from: Negotiation on May 18, 2020, 08:53:26 AM

Quote from: Festac on April 26, 2020, 12:47:21 PM

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

When it comes to transactions in Bitcoin you can only trust an exchange, buying from unknown person is more risky, if that person run away with your Bitcoin it's entirely your fault, even with exchanges you can only trust top exchanges not new exchanges

You are right it is not right to trust anyone in Bitcoin transactions The risk is high Therefore, use your talents and skills to analyze different places that are more reliable, then invest. You can also get help from a trusted person. If you can do the analysis properly with more time in the market you will be able to understand which site is better for bitcoin transactions.

There are exchanges that mediate and insure the buyer and seller. It’s more reliable for me to make a deal.

It is better to make a deal for bitcoin investment but those who will be made a deal need to make a deal by verifying how reliable they are. This is because there are many sites that scam after executing the contract in which case you need to determine the correct information about the companies.

Welsh

staff

Activity: 3304

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Quote from: tataren on June 04, 2020, 02:28:54 PM

There are exchanges that mediate and insure the buyer and seller. It’s more reliable for me to make a deal.

Okay, so just because a person has created an exchange does not automatically mean that its trustworthy. Anyone, can make an exchange, and there's even various white label software out there now. Before, using an exchange you need to ideally do extensive research on the people who are behind the exchange, because they may well be the same people you are trading with on this forum.

Regulated, and registered exchanges are usually the ones to go through, as they're often governed by laws, and other regulations, but ideally you should be taking a look at the customer reviews that people have made, and even then that's not always a good conclusion as there's various bias' that people can inject in their views, and reviews of the service.

tataren

newbie

Activity: 19

Merit: 0

Quote from: Negotiation on May 18, 2020, 08:53:26 AM

Quote from: Festac on April 26, 2020, 12:47:21 PM

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

When it comes to transactions in Bitcoin you can only trust an exchange, buying from unknown person is more risky, if that person run away with your Bitcoin it's entirely your fault, even with exchanges you can only trust top exchanges not new exchanges

You are right it is not right to trust anyone in Bitcoin transactions The risk is high Therefore, use your talents and skills to analyze different places that are more reliable, then invest. You can also get help from a trusted person. If you can do the analysis properly with more time in the market you will be able to understand which site is better for bitcoin transactions.

There are exchanges that mediate and insure the buyer and seller. It’s more reliable for me to make a deal.

Negotiation

sr. member

Activity: 1204

Merit: 270

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Festac on April 26, 2020, 12:47:21 PM

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

When it comes to transactions in Bitcoin you can only trust an exchange, buying from unknown person is more risky, if that person run away with your Bitcoin it's entirely your fault, even with exchanges you can only trust top exchanges not new exchanges

You are right it is not right to trust anyone in Bitcoin transactions The risk is high Therefore, use your talents and skills to analyze different places that are more reliable, then invest. You can also get help from a trusted person. If you can do the analysis properly with more time in the market you will be able to understand which site is better for bitcoin transactions.

LbtalkL

full member

Activity: 1176

Merit: 162

In the majority of platforms, you can trust people by their ranks or reputation, but there are cases that rank means nothing. The reputation that is built for several years is hard to attain, so look for someone who has it I guess it is safer to trade with those guys but the risk is always there. If you are really concerns about trust in trading with other people why not trade on exchanges instead? no hassle no 3rd party involve just you and the exchange and more convenient.

tataren

newbie

Activity: 19

Merit: 0

Quote from: Sohyun Park on April 25, 2020, 02:09:52 PM

Instead of dealing with a individual you can deal with a exchange as you can see on platforms like trust pilot or social media that what do people say about the exchange and what is their services pros and cons. But, if you are dealing with and individual you do not have any such info.

Yes, I agree with you. And think this is the most safest way of investing now.

Festac

member

Activity: 210

Merit: 10

Quote from: tanjiul717 on April 18, 2020, 11:49:39 AM

My Question Is, How to trust someone in Bitcoin Transaction?
Lots of people offering Lot's of things but whom to believe and how Huh

When it comes to transactions in Bitcoin you can only trust an exchange, buying from unknown person is more risky, if that person run away with your Bitcoin it's entirely your fault, even with exchanges you can only trust top exchanges not new exchanges

Topic: How to know is someone real and trusted for Bitcoin trading? (Read 846 times)