Topic: Tips for local transactions - page 20. (Read 740750 times)
I think we need to rethink the concept of local transactions, because when we are dealing with CryptoAdditionally, COPA captures foreign currency (the same as transaction currency) and ... rate into company code currency (also known as first local currency).
Very useful information
Thank you
Thank you
please tell me how have the bitcoin, i can comment your post usaly.
please show me how have the bitcoin
Im from UK at the city of Birmingham.
From experiences does anyone know the best meetup places in Birmingham?
From experiences does anyone know the best meetup places in Birmingham?
i made a small deposit of btc on poloniex and made an exchange, btc price is getting high, and due to poloniex fee, now there is no way i could get even the same amount of btc, so i will be losing money... what to do?, in poloniex how to do for getting proffits having this in mind?
Many many thanks to you. Actually, I am searching some information about local transactions. Finally, you shared this. I think it helps me more. It was full of some helpful information. So, I would like to thank you cordially. Thanks a lot...
OP help us a lot of sharing this information.
This one is totally give us more info of what we really need in local matters. Most of us will be benefited from this.
Hi guys, I'm VERY new to bitcoin and have an extremely basic question (which I'm still not sure about after all the internet reading I've done).
Let's say a guy on an online forum offers to sell me some bitcoins. He says he'd send them to me, they would appear in my bitcoin wallet and then I'd send him money.
Are there ways this could be abused/ a fraud? Can he, for example, send me fake bitcoin? Or does my wallet verify the coins that arrive? Or is the transaction process such that no unverified transaction can arrive into my wallet? I have some vague idea that the last option might be correct, but I need something more than a vague idea.
Thanks.
Let's say a guy on an online forum offers to sell me some bitcoins. He says he'd send them to me, they would appear in my bitcoin wallet and then I'd send him money.
Are there ways this could be abused/ a fraud? Can he, for example, send me fake bitcoin? Or does my wallet verify the coins that arrive? Or is the transaction process such that no unverified transaction can arrive into my wallet? I have some vague idea that the last option might be correct, but I need something more than a vague idea.
Thanks.
This is helpful. BTW, what if I'm keeping my coins in a local exchange and use that address for the transaction, wouldn't that take a longer time to confirm? Still haven't progressed to using a dedicated wallet app.
Typically exchanges don't broadcast your withdrawal TX immediately, waiting to batch withdrawals together.
Well if that's the case then I really better bring someone with me. If I'd have to wait for it to be confirmed then I'd rather have another person to talk to than like sit there awkwardly with a stranger.
This is helpful. BTW, what if I'm keeping my coins in a local exchange and use that address for the transaction, wouldn't that take a longer time to confirm? Still haven't progressed to using a dedicated wallet app.
Typically exchanges don't broadcast your withdrawal TX immediately, waiting to batch withdrawals together.
This is helpful. BTW, what if I'm keeping my coins in a local exchange and use that address for the transaction, wouldn't that take a longer time to confirm? Still haven't progressed to using a dedicated wallet app.
Thanks for the help!
Thanks bro. Very useful information 
could someonr give me a bit of the fundamental way of trading? and thanks for the tips
Many many thanks to you. Actually, I am searching some information about local transactions. Finally, you shared this. I think it helps me more. It was full of some helpful information. So, I would like to thank you cordially. Thanks a lot...
I agree with what nanobtc said because I’ve never really thought about this before, but there are some obstacles in reality. Not all of cities have casinos and if they have maybe are located far away from people they want to do a local transaction. As I see it local transaction is a good way for a fraction of bitcoin because bigger one is dangerous.
Yes, like , but In the US, people often meet up in front of the local police station for purchases originating off of Craigslist. If you have a modern cell phone, that can give your computer Internet access anywhere (look for tethering or work as wifi data services... test it out at home before you go). 
I agree with what nanobtc said because I’ve never really thought about this before, but there are some obstacles in reality. Not all of cities have casinos and if they have maybe are located far away from people they want to do a local transaction. As I see it local transaction is a good way for a fraction of bitcoin because bigger one is dangerous.
If you consider a local transaction as buying/selling BTC, consider a casino. There are plenty of eyes/cams to deter crimes. There's always wifi. It's easy to get change. You can dawdle away time at the quarter slots, as compared to looking suspicious loitering at your local bank lobby.
Bring a friend, don't talk to them, park them a few machines away from you.
Bring a friend, don't talk to them, park them a few machines away from you.
I think we need to rethink the concept of local transactions, because when we are dealing with Crypto - even local payments involve a global component.
Take the concept of paying in store; even when paying in store you have to send data over a network, which is often connected to a global network, and the internet.
Knowing this, it is just as easy to a non-local transaction as it is to do a local transaction, since all one is really relying on is the network to process the payments. Consider the Alcurex exchange remote markets engine. This is just another perfect example of a local transaction on a bitcoin exchange that is happening instantly, while also accessing a non-local market, via Poloniex or Bittrex, so in reality, no transaction is ever truly local?
What do you guys think? Are transaction ever truly local?
This is a very timely guide and information as I have heard many victims of unscrupulous buyers or posing as buyers but with an intention to steal and hurt the other side of the supposed deal. Yes, meeting in a public place like a popular restaurant can be the best idea as the place can have CCTV recording. And don't do it alone as much as possible. 
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