- http://shadowlife.cc/2012/11/secure-and-professional-bitcoin-otc-exchanges
I haven't completed all that many in-person trades myself but more than once now I have been asked to sell for cash an amount of bitcoins larger than any amount I would be selling by myself. But had I previously gotten in contact with other traders in my area a larger trade amount probably could have been arranged since that would allow me to have to trade only up to my personal max level and then also there would be two or more of us present when the cash traded hands.
As far as buying bitcoins from an untrusted stranger, the risk of double spending (due to either a Race attack or a Finney attack) is significant enough to require at least one confirmation (or a Green address transfer or a service such as a LocalBitcoins "Transaction" where the funds released to the buyer would always be already-confirmed funds).
One challenge with in-person trading is with communications and coordinating the meet. Unless you are already planning on spending a couple hours at a coffee shop or wherever, make sure to specify in advance your expectations otherwise you'll often be stuck waiting for your trading partner to show, oftentimes in vain.
For a recent trade the buyer arrived on time but he needed to get cash from an ATM. It was only then that he learned that his bank account has a low maximum daily withdrawal amount, leaving me holding more bitcoins (and less cash) than I had planned. Had I confirmed that the buyer had cash in-hand before even setting a meeting time and location is something that would have saved me time, money and the resulting headache
Topic: Tips for local transactions - page 25. (Read 839583 times)
everyday things are changing and getting better.....to be sure u get your money face2face is the best solution
Thumbs up for this! a thread that is helpful in local transactions, I think the first thing a person to do if he/she
is the buyer is look for the level of trust of the vendor, the vendor should do the same as well, they both need
witness or a bodyguard if the going get tough! that is
is the buyer is look for the level of trust of the vendor, the vendor should do the same as well, they both need
witness or a bodyguard if the going get tough! that is
LOCAL BITCOINS SHOULD SET UP HOT-SPOTS WHERE CAN MEET FOR THESE IN PERSON EXCHANGES
Thank you for providing this.
Might I also suggest that if you do trade in a mall, I prefer to go inside a bank and do it, as the banks have more security than a mall.
banks will kick you out if they know that you are using bitcoin Might I also suggest that if you do trade in a mall, I prefer to go inside a bank and do it, as the banks have more security than a mall.
Thank you for providing this.
Might I also suggest that if you do trade in a mall, I prefer to go inside a bank and do it, as the banks have more security than a mall.
banks will kick you out if they know that you are using bitcoin Might I also suggest that if you do trade in a mall, I prefer to go inside a bank and do it, as the banks have more security than a mall.
Thank you for providing this.
Might I also suggest that if you do trade in a mall, I prefer to go inside a bank and do it, as the banks have more security than a mall.
Might I also suggest that if you do trade in a mall, I prefer to go inside a bank and do it, as the banks have more security than a mall.
I do it at school during lunchtime lol. No one can run away then xD
my tips :
never meet in a car
make sure that you have a locked screen (with password) on your phone
make sure that there is no suspicious people where you are meeting
stay safe
never meet in a car
make sure that you have a locked screen (with password) on your phone
make sure that there is no suspicious people where you are meeting
stay safe
It is very good experience that you shared with us about doing local transactions, Like what you said is not only checking the place of transaction but we should also be knowing the knowledge of most exchages , like which exchages are good for transactions.
What you told is right but in your case you should be having the knowledge of how to find the fake currency, because when you deal with them not only place or location but you should also have knowledge of fake currency.
yeah great observation, you must know the real one and those fake, because if you don't have any knowledge about the fake and the real currency they can fool you. In my experience i trade in local transactions but its a worth only some times its a danger once i got cheated in my local transactions few months back i sold some btc worth 30$ but they payed me in local currency INR but that currency is Fake... so before selling trade with carefully
What you told is right but in your case you should be having the knowledge of how to find the fake currency, because when you deal with them not only place or location but you should also have knowledge of fake currency.
It is very good experience that you shared with us about doing local transactions, Like what you said is not only checking the place of transaction but we should also be knowing the knowledge of most exchages , like which exchages are good for transactions.
What you told is right but in your case you should be having the knowledge of how to find the fake currency, because when you deal with them not only place or location but you should also have knowledge of fake currency.
In my experience i trade in local transactions but its a worth only some times its a danger once i got cheated in my local transactions few months back i sold some btc worth 30$ but they payed me in local currency INR but that currency is Fake... so before selling trade with carefully
What you told is right but in your case you should be having the knowledge of how to find the fake currency, because when you deal with them not only place or location but you should also have knowledge of fake currency.
In my experience i trade in local transactions but its a worth only some times its a danger once i got cheated in my local transactions few months back i sold some btc worth 30$ but they payed me in local currency INR but that currency is Fake... so before selling trade with carefully
In response to the OP, the counterfeit detector machines - www.itestcash.com/blogs/itest-university/29790081-the-science-of-counterfeit-money seem like the best way to go for checking money. Some people have reported that the pens - http://www.internationalskeptics.com/forums/showthread.php?t=6300 aren't as effective as the machines in part cause the pen mostly checks the ink on the paper while the machines look at various security features including watermarks and security strips.
As far as buying bitcoins from an untrusted stranger, the risk of double spending (due to either a Race attack or a Finney attack) is significant enough to require at least one confirmation (or a Green address transfer or a service such as a LocalBitcoins "Transaction" where the funds released to the buyer would always be already-confirmed funds).
Casesam
Samsung Galaxy S6 edge cover
Before you buy bitcoins, you must makes sure that you buy it from the trusted exchanger. Many exchanger which scam on internet, so we must be careful. we need to buy bitcoins which already popular and many people who buy bitcoins via the exchanger for yearsCasesam
Samsung Galaxy S6 edge cover
As far as buying bitcoins from an untrusted stranger, the risk of double spending (due to either a Race attack or a Finney attack) is significant enough to require at least one confirmation (or a Green address transfer or a service such as a LocalBitcoins "Transaction" where the funds released to the buyer would always be already-confirmed funds).
Casesam
Samsung Galaxy S6 edge cover
Before you buy bitcoins, you must makes sure that you buy it from the trusted exchanger. Many exchanger which scam on internet, so we must be careful. we need to buy bitcoins which already popular and many people who buy bitcoins via the exchanger for years Casesam
Samsung Galaxy S6 edge cover
Amazing guide.
Thank you.
Thank you.
As far as buying bitcoins from an untrusted stranger, the risk of double spending (due to either a Race attack or a Finney attack) is significant enough to require at least one confirmation (or a Green address transfer or a service such as a LocalBitcoins "Transaction" where the funds released to the buyer would always be already-confirmed funds).
Casesam
Samsung Galaxy S6 edge cover
Casesam
Samsung Galaxy S6 edge cover
I discovered something new for themselves. Thank you.
Are there any other sites like localbitcoins.com that offer escrow services for local transactions?
Hello all, I am first time here and if I post wrong please apologize and help me how I can proceed.
blockchain steal from me money and don`t want to respond me anymore. Because I opened some tickets on their zendesk about their API latency they suspend my account on zendesk and my last transactions from them dosen t enter anymore in my wallet. I contact them through another zendesk account and they block me again without telling me nothing. I make another zendesk account and I promise them that I will make reports and I will write on forums about their services and because they suspend my account I don`t understand why and why I didn t receive my money, they answer me only this, "You violated our TOS and you are no longer our client". But for what? and in any case you don t need to inform when happen this? and my transactions that i didn t receive whats happen? I have many clients who pay through blockchain API with shortcodes from btcaddr.es and before I can inform them all about the problem and I will change the payment method they will send transactions, what happened with that money? is it normal that they proceed like this and don`t want to answer me anymore with any detail?
blockchain steal from me money and don`t want to respond me anymore. Because I opened some tickets on their zendesk about their API latency they suspend my account on zendesk and my last transactions from them dosen t enter anymore in my wallet. I contact them through another zendesk account and they block me again without telling me nothing. I make another zendesk account and I promise them that I will make reports and I will write on forums about their services and because they suspend my account I don`t understand why and why I didn t receive my money, they answer me only this, "You violated our TOS and you are no longer our client". But for what? and in any case you don t need to inform when happen this? and my transactions that i didn t receive whats happen? I have many clients who pay through blockchain API with shortcodes from btcaddr.es and before I can inform them all about the problem and I will change the payment method they will send transactions, what happened with that money? is it normal that they proceed like this and don`t want to answer me anymore with any detail?
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