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Author Topic: App with a map of nearby people willing to trade bitcoin?  (Read 253 times)
Krislaw
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May 21, 2020, 12:25:52 PM
 #21

That's will involve risk of getting robbed because most people won't want to give an app the access to their location. Some are still scared of submitting the ID for KYC and you're looking for an app that merges traders together for physical trade.
FlightyPouch
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May 21, 2020, 12:56:06 PM
 #22

Is there app with a map of nearby people willing to trade bitcoin?.
I know of LocalBitcoins but it doesn't have a map...

I can't really remember but as far as I know, we have a local exchange where they would create an account and if someone wants to convert their btc into fiat, they would just check the application that would or could exchange, or trade that btc into fiat, it is like they will be selling their btc into these people that are indicated in the map. I checked coins.ph but I can't see that feature, maybe that is not that one.

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bitbunnny
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May 21, 2020, 01:07:27 PM
 #23

"App to let criminals know where the easy targets are". Even turning it up once, while you are at home, is enough to put a mark on your back. And people generally don't exchange currencies that often, so there's no need for such an app. Existing solutions like forums, chat groups, social networks, etc. work just fine.

Yeah, it's too risky. Although at first sounds like a good idea security of people who would use it.is a big issue. They would expose themselves to a big risk, although I'm sure some would have take it. Even chats and forums are a risk because of scamers and with such app people would expose themselves even to physical risk, not worth it.

fiulpro
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May 21, 2020, 01:20:27 PM
 #24

I do think you are going for something like Snapchat.
People use Bitcoins necessarily because they don't want to actually cause a problem with their privacy.
Privacy and Security issue is hard due , they won't be comfortable doing it at the same time it is unreasonable to actually track the users .
I do think many users are involved with the cryptocurrencies because they value their privacy well so this will actually be problematic.
I have heard of many people being extorted for Bitcoins and cryptocurrencies once their friends and family members knew they had some to trade.

Plus I don't know how to say this enough :
Do Not Trade With People You Don't Know about!

We don't have a central governing body , this is a downside , you cannot hold them accountable in every country , most governments take it very lightly.

Better use a third party reputed site or use your wallet , because now a days most wallets are allowing buying and selling which would be both cost effective for you and at the same time safe.

Hope it helps
Please be careful.

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roman100
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May 22, 2020, 10:39:20 AM
 #25

I don't know if there is any such app in the right way. Although it is a very advanced idea. But on the one hand it is as beneficial as it is harmful on the other hand. It is better to keep the option of truck off. However, you may know the location of Bitcoin's ATM booths.
GDragon
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May 22, 2020, 11:43:30 AM
 #26

Is there app with a map of nearby people willing to trade bitcoin?.
I know of LocalBitcoins but it doesn't have a map...

I don't think there's an app locating traders because such app is quite risky. I think no traders would want to be located specially if they are trading huge amount of money. Maybe you are talking about an app that locates the nearest atm or a place that accept crypto payments, I've only know Bitcoin Atm Map from app store. Why do you need a map anyway? You're in a foreign country?

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May 22, 2020, 12:34:44 PM
 #27

"App to let criminals know where the easy targets are". Even turning it up once, while you are at home, is enough to put a mark on your back. And people generally don't exchange currencies that often, so there's no need for such an app. Existing solutions like forums, chat groups, social networks, etc. work just fine.

Don't forget it can be also used by criminals to lure other's by setting themselves in the app that they want to trade.
Just imagine them waiting for targets to show up  Cheesy

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