Thank you for the very informative thread, you helped us knowing the safest method for transactions.
Almost important things that we should know was included.
I would recommend this every time makes a transaction.
I just doubt the outdoor free wifi such as in mall, stores and etc., because there is the possibilities that it may not have the access to the internet and yet limited. So better don't forget the main use of mobile phones of course with data, and laptop if really needed.
Topic: Tips for local transactions - page 23. (Read 740750 times)
- Don't give your cell phone to your trading partner
I assume you mean "cell phone number", right? I would never give my phone.If you're afraid to give your number, get a prepaid burner phone. Here I pick up a prepaid cheap Samsung phone including credit for 10 euro, and the battery lasts for weeks. This way you keep your personal number private.
Yes, I mean't cell phone number
Good point about the burner phone. Once you give your cell # to someone, there is no taking it back unless you get a new number. You may get people texting you in the middle of the night.
I'm new to this, but if I have phone specifically designated to BTC sales/trade. Why would that be a bad I? Sure you get calls in the middle of the night. But what else would be a risk ? Thanks
- Don't give your cell phone to your trading partner
I assume you mean "cell phone number", right? I would never give my phone.If you're afraid to give your number, get a prepaid burner phone. Here I pick up a prepaid cheap Samsung phone including credit for 10 euro, and the battery lasts for weeks. This way you keep your personal number private.
Yes, I mean't cell phone number
Good point about the burner phone. Once you give your cell # to someone, there is no taking it back unless you get a new number. You may get people texting you in the middle of the night.
Thank you for the awesome guide! 
- Don't give your cell phone to your trading partner
I assume you mean "cell phone number", right? I would never give my phone.If you're afraid to give your number, get a prepaid burner phone. Here I pick up a prepaid cheap Samsung phone including credit for 10 euro, and the battery lasts for weeks. This way you keep your personal number private.
you must check their feedback before starting transaction
You know I did not know all this precautions were necessary in local transactions, maybe because I live in a third world country. 
I thought of a few more, and this goes for buyers as well as sellers:
- Don't give your cell phone to your trading partner, even if he asks, until he has built up trust. With that info alone, he could pull some social engineering (con) and take over your phone account, your email account, and even your exchange accounts. I know of at least 2 people who have had that done to them. Sometimes it takes a trade or 2 to build up the trust, and even then, you may not want to give out any of your personal info.
- Which leads to another point: make sure you have 2fa on (nearly) EVERYTHING! Yes, it can be a pita but do it at least for your email account that is tied to any banks, exchanges, and obviously, any bank, exchange, wallet and anything else of value.
-If you do give your cell phone, and you get a text, if it includes a link, use extreme caution. It could have malware in it.
-Don't use whatsapp to talk or even text with your trader. He could send a phishing link or invitation and hack your phone/computer. Other apps to avoid: skype, teamviewer, etc. Where there is an app, behind the scenes is a hacker. Don't be tempted to make trade easier by using an app like skype to arrange a meeting.
That's all I can think of for now!
- Don't give your cell phone to your trading partner, even if he asks, until he has built up trust. With that info alone, he could pull some social engineering (con) and take over your phone account, your email account, and even your exchange accounts. I know of at least 2 people who have had that done to them. Sometimes it takes a trade or 2 to build up the trust, and even then, you may not want to give out any of your personal info.
- Which leads to another point: make sure you have 2fa on (nearly) EVERYTHING! Yes, it can be a pita but do it at least for your email account that is tied to any banks, exchanges, and obviously, any bank, exchange, wallet and anything else of value.
-If you do give your cell phone, and you get a text, if it includes a link, use extreme caution. It could have malware in it.
-Don't use whatsapp to talk or even text with your trader. He could send a phishing link or invitation and hack your phone/computer. Other apps to avoid: skype, teamviewer, etc. Where there is an app, behind the scenes is a hacker. Don't be tempted to make trade easier by using an app like skype to arrange a meeting.
That's all I can think of for now!
plus one for this being a great thread with good advice. I have been able to start small with local people before I build a trusted relationship for bigger transactions.
Great thread!
I have done a few local transactions using the local bitcoins platform. I agree with a lot of what's been said. Just to reinforce or add on to best practices:
1) If I am doing a big transaction in which I have to bring a few k to the meeting, for the first time: I get to know the seller as much as I can thru chat. If the guy (mostly men; met 1 woman) sounds like he is ok, just a bitcoin "enthusiast" (people who want to live under the radar), then I meet.
2) First time meets, I always do during the day.
3) As people have mentioned, I don't recommend wifi. Use mobile tethering if possible. If not possible, just use your phone. If you don't have a phone, which some people don't, localbitcoins has a secret code to ensure that buyers don't get scammed. Once the bitcoins are released, the secret code is revealed to the seller, who then confirms with the buyer.
4) I would suggest to women: bring someone else. As someone mentioned earlier, strength in numbers.
5) If you don't use local bitcoins (because of their 1% fee) make sure to use blockchain.info and wait for at least 1 confirmation. Again, establish a minimum level of trust.
ETC.
I have done a few local transactions using the local bitcoins platform. I agree with a lot of what's been said. Just to reinforce or add on to best practices:
1) If I am doing a big transaction in which I have to bring a few k to the meeting, for the first time: I get to know the seller as much as I can thru chat. If the guy (mostly men; met 1 woman) sounds like he is ok, just a bitcoin "enthusiast" (people who want to live under the radar), then I meet.
2) First time meets, I always do during the day.
3) As people have mentioned, I don't recommend wifi. Use mobile tethering if possible. If not possible, just use your phone. If you don't have a phone, which some people don't, localbitcoins has a secret code to ensure that buyers don't get scammed. Once the bitcoins are released, the secret code is revealed to the seller, who then confirms with the buyer.
4) I would suggest to women: bring someone else. As someone mentioned earlier, strength in numbers.
5) If you don't use local bitcoins (because of their 1% fee) make sure to use blockchain.info and wait for at least 1 confirmation. Again, establish a minimum level of trust.
ETC.
Those are very good additions to the best practices (especially the bolded ones). When I started doing local transactions I did not have the ability to tether a laptop from my own phone. Now I do, and it works great. It eliminates the need to connect to a "free" wifi and eliminates that possibility of compromise.
Great thread!
I have done a few local transactions using the local bitcoins platform. I agree with a lot of what's been said. Just to reinforce or add on to best practices:
1) If I am doing a big transaction in which I have to bring a few k to the meeting, for the first time: I get to know the seller as much as I can thru chat. If the guy (mostly men; met 1 woman) sounds like he is ok, just a bitcoin "enthusiast" (people who want to live under the radar), then I meet.
2) First time meets, I always do during the day.
3) As people have mentioned, I don't recommend wifi. Use mobile tethering if possible. If not possible, just use your phone. If you don't have a phone, which some people don't, localbitcoins has a secret code to ensure that buyers don't get scammed. Once the bitcoins are released, the secret code is revealed to the seller, who then confirms with the buyer.
4) I would suggest to women: bring someone else. As someone mentioned earlier, strength in numbers.
5) If you don't use local bitcoins (because of their 1% fee) make sure to use blockchain.info and wait for at least 1 confirmation. Again, establish a minimum level of trust.
ETC.
I have done a few local transactions using the local bitcoins platform. I agree with a lot of what's been said. Just to reinforce or add on to best practices:
1) If I am doing a big transaction in which I have to bring a few k to the meeting, for the first time: I get to know the seller as much as I can thru chat. If the guy (mostly men; met 1 woman) sounds like he is ok, just a bitcoin "enthusiast" (people who want to live under the radar), then I meet.
2) First time meets, I always do during the day.
3) As people have mentioned, I don't recommend wifi. Use mobile tethering if possible. If not possible, just use your phone. If you don't have a phone, which some people don't, localbitcoins has a secret code to ensure that buyers don't get scammed. Once the bitcoins are released, the secret code is revealed to the seller, who then confirms with the buyer.
4) I would suggest to women: bring someone else. As someone mentioned earlier, strength in numbers.
5) If you don't use local bitcoins (because of their 1% fee) make sure to use blockchain.info and wait for at least 1 confirmation. Again, establish a minimum level of trust.
ETC.
thanks for giving this great advise.its really contant all security while local transaction.
its mostly for new users which haven't experience in market.without taking this tips they must can be frauded anytime by someone.
its mostly for new users which haven't experience in market.without taking this tips they must can be frauded anytime by someone.
I prefer local transactions
Great tips. Ive learned a lot from reading this thread.
Thanks for the heads up You have been warned .
Stickied. Great tips for local transactions, and should help to keep new users safe.
Thanks! ;
[/quote]
This is most important information.
Thanks! ;
[/quote]
This is most important information.
Thanks for the note here. Really helpful. Precautions as they are, they really are a life saver. Lol
希望能跟上大家学到知识！
Thanks for the guide. It's always nice to have a counterfeit money detector with you. But luckily I haven't run into the problem
of counterfeit bills yet. Great work.
of counterfeit bills yet. Great work.
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