Greetings,
I just started mining and am currently running at 70/GHs
I wanted to start selling these BitCoins either locally (Burlington VT Area) or through the internet.
I wanted to know what your "safe" methods are for trading BitCoin to USD.
Currently I am dealing 100% locally and a transaction goes like this...
Once a time, location, and price have been verified, I will generate a new wallet with the requested BitCoin amount so that the buyer can verify that everything is there using a website like
https://blockchain.info/.
During the face to face meeting, I will hand a paper over to the buyer with the private keys (and a QR code for those whom are lazy) that can be imported into a wallet so that they can assume control over the account and transfer the funds out to their primary wallet.
The above "paper" that I mentioned is a local copy of
https://bitcoinpaperwallet.comDealing over the internet however seems to be far more complex, when it comes to trust. I do NOT want to go first, but I understand that I am new to the selling community. What is a good way to do this? Some sort of escrow service?
For selling locally I'd suggest localbitcoins or #bitcoin-otc
You can use the transaction service provided by localbitcoins.com and not even bother with the paper wallet.
You could also just load the BTC onto a mobile wallet and when the person gives you the cash, you send the BTC to any address they want from your mobile device.
If you do use a paper wallet expect to wait around while someone imports the private key into their wallet...could take some time. I know its not possible to importprivkey with android wallet for example so they would need to have some experience using bitcoin. Easier to use other methods.
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