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Author Topic: Tips for local transactions  (Read 319252 times)
freetrades11
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December 18, 2016, 07:26:42 PM
 #261


  I think we need to rethink the concept of local transactions, because when we are dealing with Crypto - even local payments involve a global component. 

Take the concept of paying in store; even when paying in store you have to send data over a network, which is often connected to a global network, and the internet.

Knowing this, it is just as easy to a non-local transaction as it is to do a local transaction, since all one is really relying on is the network to process the payments.   Consider the Alcurex exchange remote markets engine.  This is just another perfect example of a local transaction on a bitcoin exchange that is happening instantly, while also accessing a non-local market, via Poloniex or Bittrex, so in reality, no transaction is ever truly local?

What do you guys think?  Are transaction ever truly local?
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January 05, 2017, 04:40:37 AM
 #262

If you consider a local transaction as buying/selling BTC, consider a casino. There are plenty of eyes/cams to deter crimes. There's always wifi. It's easy to get change. You can dawdle away time at the quarter slots, as compared to looking suspicious loitering at your local bank lobby.

Bring a friend, don't talk to them, park them a few machines away from you.

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January 05, 2017, 12:00:41 PM
 #263

I agree with what nanobtc said because I’ve never really thought about this before, but there are some obstacles in reality. Not all of cities have casinos and if they have maybe are located far away from people they want to do a local transaction. As I see it local transaction is a good way for a fraction of bitcoin because bigger one is dangerous.
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January 13, 2017, 04:05:58 PM
 #264

I agree with what nanobtc said because I’ve never really thought about this before, but there are some obstacles in reality. Not all of cities have casinos and if they have maybe are located far away from people they want to do a local transaction. As I see it local transaction is a good way for a fraction of bitcoin because bigger one is dangerous.
Yes, like , but In the US, people often meet up in front of the local police station for purchases originating off of Craigslist.  If you have a modern cell phone, that can give your computer Internet access anywhere (look for tethering or work as wifi data services... test it out at home before you go).


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January 16, 2017, 04:42:04 PM
 #265

Many many thanks to you. Actually, I am searching some information about local transactions. Finally, you shared this. I think it helps me more. It was full of some helpful information. So, I would like to thank you cordially. Thanks a lot...
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January 19, 2017, 02:45:46 PM
 #266

could someonr give me a bit of the fundamental way of trading? and thanks for the tips  Cheesy
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February 17, 2017, 12:50:02 AM
 #267

Thanks bro. Very useful information  Wink Cool Cool

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Shurz
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February 20, 2017, 07:14:32 PM
 #268

Thanks for the help!
Mometaskers
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February 22, 2017, 08:48:57 PM
 #269

This is helpful. BTW, what if I'm keeping my coins in a local exchange and use that address for the transaction, wouldn't that take a longer time to confirm? Still haven't progressed to using a dedicated wallet app.
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February 23, 2017, 07:57:17 AM
 #270

This is helpful. BTW, what if I'm keeping my coins in a local exchange and use that address for the transaction, wouldn't that take a longer time to confirm? Still haven't progressed to using a dedicated wallet app.

Typically exchanges don't broadcast your withdrawal TX immediately, waiting to batch withdrawals together.

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February 23, 2017, 08:17:52 PM
 #271

This is helpful. BTW, what if I'm keeping my coins in a local exchange and use that address for the transaction, wouldn't that take a longer time to confirm? Still haven't progressed to using a dedicated wallet app.

Typically exchanges don't broadcast your withdrawal TX immediately, waiting to batch withdrawals together.

Well if that's the case then I really better bring someone with me. If I'd have to wait for it to be confirmed then I'd rather have another person to talk to than like sit there awkwardly with a stranger.
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February 26, 2017, 10:26:42 AM
 #272

Hi guys, I'm VERY new to bitcoin and have an extremely basic question (which I'm still not sure about after all the internet reading I've done).

Let's say a guy on an online forum offers to sell me some bitcoins. He says he'd send them to me, they would appear in my bitcoin wallet and then I'd send him money.

Are there ways this could be abused/ a fraud? Can he, for example, send me fake bitcoin? Or does my wallet verify the coins that arrive? Or is the transaction process such that no unverified transaction can arrive into my wallet? I have some vague idea that the last option might be correct, but I need something more than a vague idea.

Thanks.
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February 26, 2017, 04:49:26 PM
 #273

Many many thanks to you. Actually, I am searching some information about local transactions. Finally, you shared this. I think it helps me more. It was full of some helpful information. So, I would like to thank you cordially. Thanks a lot...

OP help us a lot of sharing this information.
This one is totally give us more info of what we really need in local matters. Most of us will be benefited from this.


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.Introducing Derivatives Product Ecosystem to Crypto Asset Market.
| Twitter | LinkedIn | Medium | Facebook | Bitcointalk | Instagram

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February 28, 2017, 02:05:27 AM
 #274

i made a small deposit of btc on poloniex and made an exchange, btc price is getting high, and due to poloniex fee, now there is no way i could get even the same amount of btc, so i will be losing money... what to do?, in poloniex how to do for getting proffits having this in mind?

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February 28, 2017, 09:26:05 PM
 #275

Im from UK at the city of Birmingham.

From experiences does anyone know the best meetup places in Birmingham?
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March 04, 2017, 04:26:32 AM
 #276

please show me how have the bitcoin
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March 04, 2017, 05:09:24 AM
 #277

please tell me how have the bitcoin, i can comment your post usaly.
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March 08, 2017, 07:23:01 AM
 #278

Very useful information
Thank you Cheesy
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March 09, 2017, 01:56:44 AM
 #279

I think we need to rethink the concept of local transactions, because when we are dealing with CryptoAdditionally, COPA captures foreign currency (the same as transaction currency) and ... rate into company code currency (also known as first local currency).
darthmaul
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March 09, 2017, 05:08:38 AM
 #280

Wow, That is a big post but there is amazing and truthful information you have given. I like security part mostly, indeed it is true to look after your safety first. Not forgot to mention Bitcoin is getting priceless day by day. Smiley

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