How to trade safely. | Bitcointalksearch.org

AruTrader

newbie

Activity: 15

Merit: 0

Quote from: GreenBits on June 16, 2016, 10:37:14 PM

Quote from: AruTrader on June 12, 2016, 11:37:30 PM

My Skrill account just got restricted, and has funds in it.

I think some of the buyers might be using unverified accounts? hmm

What's the best way to to sell bitcoins safely without the risk of getting a reversal or a red flag my merchant account?

I cannot ID everybody I trade with especially when they have a solid rep.

So what's your take on this.

Try escrow if you have the option. Unfortunately, since bitcoin transactions are one way, you have to receive a non refundable form of payment at the same time in order for the transaction to "resolve". If not, it's technically pending until the end of the charge back window.

TLDR

Use cash.

Well my Skrill account has been re-activated. I answered some basic questions, what I am using it for etc.
and they reactivated my account and no Money was gone thankfully.

Slark

legendary

Activity: 1862

Merit: 1004

Quote from: GreenBits on June 16, 2016, 10:37:14 PM

TLDR

Use cash.

Yeah, the ideal solution is to use good old paper money... But it is not always possible - would you travel from Miami to Boston to trade BTC?
Or from Spain to Russia? I guess not.

While searching for new way of buying BTC I found this service https://www.coincorner.com/ - apparently, it allows purchases with credit and debit cards for verified users.
But I have no other information, anyone here is familiar with it?

avw1982

hero member

Activity: 644

Merit: 500

Quote from: StoreBit on June 16, 2016, 07:39:19 AM

try to be careful in present days. i think now the market will take a correction i think the rate will come a little down. so if you want to do a safe trading then try to avoid trading in these days.

Nope Bro! Don;t think like that Price of the bitcoin is gonna get spike in chart more than 1000$ at halving time, So most of the traders are buying bitcoins at most rate in local market So don't get fear about that you will not loose your money. While you are in trade try to find one escrow and use him while you doing trade. I guess this is much safer way or else create account in Localbitcoin and start trade and increase your trade rating and trusted feedback to you!

GreenBits

legendary

Activity: 1148

Merit: 1048

Quote from: AruTrader on June 12, 2016, 11:37:30 PM

My Skrill account just got restricted, and has funds in it.

I think some of the buyers might be using unverified accounts? hmm

What's the best way to to sell bitcoins safely without the risk of getting a reversal or a red flag my merchant account?

I cannot ID everybody I trade with especially when they have a solid rep.

So what's your take on this.

Try escrow if you have the option. Unfortunately, since bitcoin transactions are one way, you have to receive a non refundable form of payment at the same time in order for the transaction to "resolve". If not, it's technically pending until the end of the charge back window.

TLDR

Use cash.

AruTrader

newbie

Activity: 15

Merit: 0

I try to keep skrill to a minimum in the bitcoin scene, because I notice they are very very wary about btc transaction.

I heard neteller is more receptive toward bitcoins, but I will just give them a call to make sure.

mobnepal

legendary

Activity: 1218

Merit: 1006

Simple answer is deposit those funds to neteller which will only have 2% fee in between and i have done that with my limited neteller account few weeks ago. Same must goes with skrill account.

StoreBit

full member

Activity: 210

Merit: 100

try to be careful in present days. i think now the market will take a correction i think the rate will come a little down. so if you want to do a safe trading then try to avoid trading in these days.

helloeverybody

legendary

Activity: 1008

Merit: 1000

★YoBit.Net★ 350+ Coins Exchange & Dice

Ive never actually sold any but i would worry even if using local bitcoins that someone would reverse the payment afterwords and paying cash means a lot of travelling which might outweigh what your selling due to fuek costs. I thought circle and places like that pays you directly into your bank account so was pretty safe?

Edwardard

hero member

Activity: 1050

Merit: 681

Quote from: MWesterweele on June 13, 2016, 04:17:00 AM

Do not rely on skrills instead focus on other wallets like paypal or payza.I think safest way is get an escrow to ensure that transaction will be done cleanly.

escrow cannot help as the transaction can be reversed. instead use a trusted buyer. also paypal can also restrict your account if they know that you are trading bitcoin with paypal. i dont know about payza. so trade very carefully and only trade with a trusted person.

AruTrader

newbie

Activity: 15

Merit: 0

I totally agree!..

Dajackal

full member

Activity: 154

Merit: 100

cash deals face 2 face is the only safe way and even at that you risk being robbed. Just be careful.

Rubberduckie

legendary

Activity: 1442

Merit: 1000

I only use cash using local bitcoin and meeting up in person
if trading more than 100$ worth

Just not worth the risk and hassle no matter the good trade rate
to risk paypal / others

AruTrader

newbie

Activity: 15

Merit: 0

Well Skrill just emailed me with good news! My account's restriction has been lifted!

I really thought I was going to loose it!..

It all depends how you respond to them. Don't be rude, keep it nice and cool..

genos

hero member

Activity: 574

Merit: 500

Any store can buy, sell, and accept Crypto

I think if you want to trading safely you have to buy when the market positive I mean is the price increase do not make to high target to sell, but if the market goes negative you have to sell to save youre BITCOIN before the price fall every time, wait until the negative market change to positive market then you can buy bitcoin again.

MWesterweele

hero member

Activity: 1372

Merit: 564

Do not rely on skrills instead focus on other wallets like paypal or payza.I think safest way is get an escrow to ensure that transaction will be done cleanly.

bestluck

hero member

Activity: 658

Merit: 500

Do not rely on skrill, in the past I joined it, but at there I faced a lot of problems and they continue to ban its members , so you have to join other payment systems for bitcoins, I am preferring for Payza, with that you can easily buy bitcoins without any exchange.

gtglener

hero member

Activity: 575

Merit: 500

I think Okpay is better for your trade with bitcoin they allow bitcoin deposits and there are some exchanges who allow the deposit and withdrawal from okpay account .

AruTrader

newbie

Activity: 15

Merit: 0

Quote from: mki8 on June 12, 2016, 11:51:40 PM

cash only

Using any third party processor or your bank,
you are very open to losing their service

problem is people (young idiots usually)
will just contact the processor or bank
and they make a fraud claim in an attempt for them to scam you
(most likely it would also be for a petty amount from a petty buyer)

once a report is made your account is automatically frozen/limited etc.
even taking their ID cannot prevent this,
you may be able to get account reopened
but thats always a maybe.

But you can decide before trading with them by taking their ID along with proof that the account is theirs. This way can prevent a possible reversal. Alot of buyers at LBC does it that way. But its such a long a process, and who want's to go through all that?

AruTrader

newbie

Activity: 15

Merit: 0

Well I just got an email from skrill to answer a few questions.

One of the questions is - What is your relationship to [email protected]?

My basic reply would be for services rendered, customer i met online or something...

But I wonder if they will buy this.. they might also have asked [email protected] the same question they ask me, so they might get different answers....

I wonder how people make it selling large volumes of btc without getting a red flag...

mki8

member

Activity: 98

Merit: 10

cash only

Using any third party processor or your bank,
you are very open to losing their service

problem is people (young idiots usually)
will just contact the processor or bank
and they make a fraud claim in an attempt for them to scam you
(most likely it would also be for a petty amount from a petty buyer)

once a report is made your account is automatically frozen/limited etc.
even taking their ID cannot prevent this,
you may be able to get account reopened
but thats always a maybe.

Topic: How to trade safely. (Read 968 times)