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Author Topic: Tips for local transactions  (Read 306010 times)
cryptojac17
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October 13, 2017, 12:51:19 PM
 #341

I'm fairly new to Bitcoin. I am planning on meeting this Bitcoin seller in my area that I found on Localbitcoins. I'm not quite sure about the process, so I'll describe how I plan on having this work.

I will bring a couple thousand cash into a coffee shop where we plan on meeting. I'll ask him for more details on this process and we'll get some coffee. I'll show him a QR code of my wallet address to which he can send the Bitcoin. I will give him the cash and have him send me the coin. I will connect to the coffee shop wifi on my laptop to check my Desktop wallet to see if he has deposited the Bitcoin. Once the coins are released from escrow, we will leave the coffee shop and go on with our lives.

Does this sound reasonable? Is this a sketchy way of doing things? How is it normally supposed to work?

Hey bro.I think your transaction type sounds good.But be aware of the scammers and smugglers,only meet the traders on the public places.it is highly safe and secure of your money.If he is scammer then he don't want to meet you in the public places,if he is accepted the public place meeting thenhe maybe a good trader.And finally you can ask him to transfer the bitcoin to your wallet and make sure that it the transaction was successful and then u give him the money.
Transaction like this involving huge amount of money for me I'm a little bit awkward specially when a person you meet up you don't really know his background and personality, may I suggest that how about using some money transfer services to avoid meets up anyway it’s a matter of trust when he send the BTC in your  wallet that also the time to send money to his address, in this way if there is a scam ,robbery and any criminal activities at least your life is safe.

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dwhntx
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October 15, 2017, 10:52:37 PM
 #342

I have a carry license but for those of you that are anti-gun then I would meet in the lobby of your local police department.
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October 16, 2017, 06:12:11 AM
 #343

Thank's guys for the information i've been educated i am only a newbie i want to learn more about Bitcoin business..Tnx a lot!

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October 21, 2017, 02:21:29 PM
 #344

thanks so much!. Be carefull for our account

Hawkeye200718
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October 22, 2017, 08:08:43 PM
 #345

Hello,  I see that a lot of you are invested in the buying and selling portion of Bitcoin.  Have you thought about mining it as well. I am apart of a mining company and we are currently seeking more people that are willing to join.  We currently have thousands of members and are looking to expand even more. If anyone is interested or has some general questions, please email me at rondo200718@hotmail.com.  I will be more than happy to explain the process and the impact it is having in our member's lives.  We also host a Q&A session every week.  Hope to hear from you all soon.
trako
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October 23, 2017, 09:55:12 PM
 #346

I speak for turkey. ı opened a small business in a city with a population of 100.000 in turkey. sport complex. but things are bad. I think the level of culture of the people in the place where the business is going to be opened is very important. some cultures do not like to get services and pay him. the service you give is not a matter of water even if you want to drink free of charge. I first to determine the socio-economic status and socio-cultural levels of the people around the place.

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October 26, 2017, 08:50:13 PM
 #347

You should be careful in local deals. Should find out information of the seller and buy to not be fooled. Local deals can help you buy bitcoins that are cheaper than the market, but it also implies high risk.
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October 27, 2017, 03:34:47 PM
 #348

Many thanks for the post, it's good that there are people who think about others. This post is very useful for me. Thank you very much once again to you!

JackWilshereCrypto
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October 28, 2017, 03:58:30 PM
 #349

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JackWilshereCrypto
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October 28, 2017, 05:50:51 PM
 #350

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RahulRana
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October 29, 2017, 06:50:43 AM
 #351

You use local transactions in a policy if you want to use more than one SQL operation to be treated as a single unit of work.
The following code is a typical template of a policy that uses local transactions. In this policy, SQL_Operation_1 will be executed first. As soon as the operation is completed successfully, the changes will be committed to the database. When the BeginTransaction method is executed, all SQL operations following it will be executed using the same transaction. As a result any changes that they have made will not be committed to the database until the operations are executed successfully and CommitTransaction is executed.
salahcryptowin
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October 31, 2017, 02:35:54 AM
 #352

Stickied. Great tips for local transactions, and should help to keep new users safe.

Thanks!  Grin

Thanks for the sticky! Really hope this advice can help everyone out!
   thanks its very important point BTCBTCBTC
HeadDe
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October 31, 2017, 03:43:54 PM
 #353

Great tips, but even applying all those rules doesnt make local transactions safe, because in most countries bitcoin still doesn't have "material value" status Undecided
ali8911
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November 01, 2017, 06:35:49 PM
 #354

Nice tips. They are helpful in a lot of ways. However, I would personally avoid local trade as even with all precautions they are quite risky in every way imaginable.
Willmoney
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November 04, 2017, 06:26:23 PM
 #355

Nice tips. I really learnt a lot from the post. Keep the good work
sehanmaxx01
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November 05, 2017, 04:08:31 AM
 #356

For instance, to confirm the cash contains no counterfeits involves having adequate lighting and the liberty to raise each bill to the light to inspect the security features.  For a small amount that can be done inconspicuously even in a coffee shop, but try doing that from a sample of fifty bills and you'll stick out like a sore thumb Cheesy Cheesy Cheesy Cheesy
Gloriel
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November 06, 2017, 09:19:22 AM
 #357

The advices are good. Yes, they can help to conduct safe deals and to be 99% sure that everything will go as it should. But still it seems that there are not enough points like: "what to do during a police raid", "check the presence of wiretapping" or "how to hide from your parents that you use bitcoin."
MCGDBM
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November 06, 2017, 10:49:12 AM
 #358

I live in Brazil, so I was thinking to buy few machines from bitmain-alliance.com. But I don't know if I can trust this site. I am afraid to get scamed. Anybody knows if I can trust this site bitmain-alliance.com?? Many thanks
Vladcrypto20
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November 06, 2017, 11:57:50 AM
 #359

What are the best crypto currencies either then bitcoin or etherium which are trendy right now and are worth investing in? Any hidden gems that you would like to share today?
StarofBTC
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November 07, 2017, 08:44:25 AM
 #360

Nice tips. They are helpful in a lot of ways. However, I would personally avoid local trade as even with all precautions they are quite risky in every way imaginable.
Yes you are right using the Bitcoins for the sake of investment a within the same country is quite a risk the biggest factor behind it is that Bitcoins are not legal currency or if you choose to apply them in your local businesses then obviously it will earn you a great loss in return.

Tips that you have shared with us was sick of local transactions have proven to be really helpful but the thing is that  despite of all possible  precautions one  would  take in order to  keep  him saved from all possible losses even then it is not an easy task to play it all safe.

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