Topic: Tips for local transactions - page 21. (Read 815989 times)
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. 
This thread is really helpful, it allows us to expand our knowledge to have a good and safe transactions. Thank you so much OP for your effort. Don't trust strangers immediately, check his/her background information before making an agreement.
Defenitely a good read. Too bad many people don't know about the dangers.
Just be patient and your transaction will be good. 
Pure and right, You are needs patient if you argent you going to fail
This thread is really helpful, it allows us to expand our knowledge to have a good and safe transactions. Thank you so much OP for your effort. Don't trust strangers immediately, check his/her background information before making an agreement.
This information helps me a lot to be very careful when it comes to meeting up people. Thanks for this.
I haven't try yet but at least I would be careful when I'm on that situation. Let us all think twice our moves.
I haven't try yet but at least I would be careful when I'm on that situation. Let us all think twice our moves.
Thank you for this. I've been wondering on what are the requirements or guidelines for local transactions. What to consider when meeting up with a stranger. Will keep this and probably print this for future references. I think it is also good to bring a friend, at least. To make sure on your transaction. Especially if the location is far from your home.
Just be patient and your transaction will be good.
Thanks bro. Very useful information.Once my friend also lost some bitcoins in trading with an unknown person. An Escrow must be kept between two persons for transactions.
how to purchase through cash
This things should be considered at all.
I just remembered that guy who have been scammed trading bitcoin in the street. He should have read this first. First things we should be looking is security in the are if it talks about money. He didnt do that as if bitcoin trade is so illegal.
I just remembered that guy who have been scammed trading bitcoin in the street. He should have read this first. First things we should be looking is security in the are if it talks about money. He didnt do that as if bitcoin trade is so illegal.
If you are deep into the cloak and dagger feel of it all, NFC would be the best lol. Or a radio transmit over short distance, like snooping those chip cards. Just wait for your confirmations, at least one, before walking away.
Thanks for useful tips.
tomorrow I will be face to face to buy my first coin.
I hope it goes well.
thanks for the tips
I hope it goes well.
thanks for the tips
If I were you, I would do it right in front of your local police station
Yes
thank you
thank you
Thanks for this detailed article. It would help not only to newbies but also to the experienced ones regarding local transactions. Since bitcoin is free to use currency, I see a good sustainable growth of user base in near future and it is possible that local transactions could surpass international transactions in terms of frequency if major players like airbnb, local merchants starts accepting it.
So the chances of threat and loot will also increase with it and to prevent such cases, your article is helpful, thanks again. It deserves sticky position.
So the chances of threat and loot will also increase with it and to prevent such cases, your article is helpful, thanks again. It deserves sticky position.
Encourage the seller to pay you that is what I think you should do, talk to him/her directly. You should always have an assurance to a person making a transaction with. I am not sure if you can report it with someone who can really help you in case of scamming you. All I can say is not to trust easily.
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