Topic: Tips for local transactions - page 26. (Read 732730 times)

Meeting:
There are three main things I look for in meeting places:

• Public Location - Are there plenty of people around?
• WiFi Access - Is there free or cheap public WiFi access in the area?
• Security - Are there security cameras or security guards in the area?

Public Location:
Public locations are like Local Trading 101: it is always better to meet in a public place. Scammers and muggers are a lot less likely to try anything with witnesses around. You can usually find these people early on by simply requesting a public meeting place: they want to meet their victims alone.

WiFi:
Places like McDonalds, Starbucks, Barnes & Noble, and many local coffee shops offer free WiFi access. A lot of hotels offer WiFi as well, but usually not for free or to non-customers. Bring a laptop or tablet with you if you have one so you can check transaction details and confirmations. Depending on what you're buying/selling/trading, having a computer to do some last second research on item values can never hurt if you're worried about getting the short end of the stick.

Security:
A location with security cameras adds an extra layer of security to a trade. If the other party does get away with stealing from or scamming you, you'll have physical evidence in a recording that can help the authorities track the offender down and bring him to justice. Security guards can help set your mind at ease if you're concerned that you might get mugged: muggers are a lot less likely to rob you if there's a guard with a gun a few yards away. A guard can easily step in and save you if a mugger does start attacking you.

My personal recommendation would be to meet at a mall, if there's one in your area. Malls have tons of security measures to help protect you as you make your trade, and many malls have WiFi access across the entire property: there's a good chance that one of the mall's stores has WiFi access even if the mall itself doesn't. Banks are a good choice too: banks have great security, and some bigger banks have WiFi access as well.

Hey, I will be fresh to these kind of income finding procedures, can anyone clarify some thing genuinely fast how this works.

Good tips for local trading. I've never done local trading yet, when I get to that point, I will refer to this. Thanks for providing the info.

the information you provided is good but I have one question In my mind.
what if we meet a unknown person in a public place and he has some connection to the public property
how will we able to track him down then?

The only issue I have with following these tips is it encourages people to not go to new users...but for good reason.  I just wish there were more people in my area selling/buying bitcoin   

Followed the suggestions in this thread, contacted a dealer from localbitcoins and bought over one bitcoin with cash.  Everything went smoothly. 

Just wanted to share that there is a useful alternative to escrow available now ...
 - http://BitRated.com

BitRated takes advantage of mutlisignature transactions such that buyer and seller will each have a key but also the individual from BitRated chosen for arbitration will receive a key as well.  Two of the three keys are needed to spend the funds from the transaction.

Even if you aren't needing this type of transaction, it is still a good idea to register on BitRated and to build connections there (e.g., vouch for those who you've traded with and ask others who trust you to vouch for you).   This could become a very useful tool for those doing face-to-face trading as well as online trading.

The only issue I have with following these tips is it encourages people to not go to new users...but for good reason.  I just wish there were more people in my area selling/buying bitcoin   

Most of these tips are precautions.  Just try to buy and sell from someone who has a good reputation and wants to maintain it.