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Author Topic: Tips for local transactions  (Read 352461 times)
Ianbadz2000
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March 05, 2018, 02:58:59 PM
 #481

People are such so worry of everything they also protect others life and besides from themeselves,thats why they wrote this kind of guides for them to be aware to any such bad intentions,.we must thankful to this kind of person for the good reason,doing public trading must be secure and safety.

Exactly mate your right,,,being ones worry is so nice and with that only post it can give you some ideas/tips and to be aware of course to any perpetrators.
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March 05, 2018, 03:44:12 PM
 #482

Very nice guides,it helps us warn to those bad persons and lokal trading also it can put you through in danger,so avoid meeting someone in noncrowded area be watchful also.,do this transactions in a public areas were there are many guards with a cctv cameras because thats for your best and safetyness.
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March 06, 2018, 08:10:47 PM
 #483

Great tips for local transactions... You deserve a big THANK YOU..
loftyboliv
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March 07, 2018, 06:20:06 AM
 #484

Thanks a lot for these tips, helped me a lot as a newbie.
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March 07, 2018, 06:37:02 PM
 #485

Actually what an excellent article that was! Day after day, day to day people may do transaction but that is to say transection is necessary for in life so knowing and doing transaction also helps a man how and for which purpose men can do transection.I think it's greatly help as member of newbie
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March 07, 2018, 08:20:49 PM
 #486

Thanks for this topic, I learned a lot of new things.
bitcoinFPT
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March 08, 2018, 08:00:58 AM
 #487



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.


thank for your sharing. It is usefull for us
Deewhy2
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March 10, 2018, 05:16:11 PM
 #488

This is a great look into... And will really  help the new local marketers

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March 10, 2018, 07:59:30 PM
 #489

I think this really needs to be repost always for good guide and remembrance....  Great one thumb up

Marteh
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March 11, 2018, 07:32:51 AM
 #490

Just seeing this for the first time. Good advice, thanks!
Dj pius5
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March 12, 2018, 06:41:00 PM
 #491

Yeah it will be fine
Al0nz0
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March 12, 2018, 08:15:11 PM
 #492

Thank you for useful information. Smiley
Rowan White
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March 15, 2018, 04:41:21 AM
 #493

Nice sharing and brief guidance for local transaction, the concept is generally applicable and practicable specially for new person in this crypto space. If possible meet up is the best way to do  when buying btc or whatever transaction it is. Or else if buyer is too far from the seller,  check if the seller has a group chat/page. Then look at his/her proofs with  posting a receipt every after dealing btc or any kind of coins.
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March 15, 2018, 09:06:58 AM
 #494

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

Thanks!  Grin
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March 16, 2018, 12:17:32 PM
 #495

Thanks for the tips, this is indeed very important to choose a safe place to trade btc against cash.
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March 16, 2018, 03:13:45 PM
 #496

I think it is always good to read something composed by the one with personal experience on the subject. Such posts at least can push a newbie to think twice and check everything in detail before try. Good or bad, the original post was sure worth reading. Thank you.
donte872
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March 18, 2018, 02:24:19 AM
 #497

I think it is always good to read something composed by the one with personal experience on the subject. Such posts at least can push a newbie to think twice and check everything in detail before try. Good or bad, the original post was sure worth reading. Thank you.
TheShobo
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March 18, 2018, 02:30:43 AM
 #498

Thanks for this post!

With my bank being one of the ones hopping on board with banning crypto purchases this is a great guide to have.
donte872
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March 18, 2018, 02:32:47 AM
 #499

I think it is always good to read something composed by the one with personal experience on the subject. Such posts at least can push a newbie to think twice and check everything in detail before try. Good or bad, the original post was sure worth reading. Thank you.
I've separated my advice into three sections: meeting for trades, advice for buying, and advice for selling.
Hope this guide helps anyone looking to start trading locally!
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.

Buying:
There are three things I want to cover about buying in-person:

Reviewing Your Purchase
Paying with BitCoin
Paying with Cash
Reviewing Your Purchase:
For buying items, remember that there's a lot you can't tell about something just from pictures. Make sure to look the item over carefully and make sure everything is in working condition/described condition before you pay the seller. A seller who is unwilling or nervous about letting you check out an item may know something about the item he doesn't want you to find out. It's a good idea to meet during the day or in a well lit area so you can see everything clearly. Don't be afraid to ask questions if anything feels off and don't feel obligated to complete a sale you're uncomfortable with.

Paying with BitCoin:
One of the easiest ways to pay in BitCoin in person is with a mobile wallet app from a smartphone. Blockchain a mobile wallet app for Android and iOS. It's an online wallet, so I wouldn't recommend it for long-time storage: strictly transactions. Once I know how much I need to pay for an item I put that much in the wallet, and maybe 1 or 2 BTC more just in case there's a last second price change, and when I get home I immediately transfer any leftover funds to a more secure wallet. Blockchain works the same as any other client: enter the seller's payment address and the amount of BTC for the sale to send payment. Blockchain also has a QR scanner built in if the seller has a QR code address.

As a side note, I use an iPhone and Blockchain is, to my knowledge, the only wallet app for iOS without jailbreaking your phone. I have no knowledge about jailbreaking or Android apps for alternatives to Blockchain, but you can always do your research here on the forum or on the BitCoin wiki to find an app that works for you. You can also use your laptop, if you have it with you, to access your wallet and pay the seller. I recommend creating a brand new wallet for the transaction, especially if you're the paranoid type. Better safe than sorry, right? Wink

Paying with Cash:
This section focuses on buying BitCoins. One of the more common OTC transactions is buying BitCoin with cash. If you're buying BTC, you need to give the seller a payment address to receive your funds. You can use your mobile wallet to receive the funds, which you can then transfer to a safer wallet when you get home, or you can write down or print out a wallet address for the seller to send the BTC to. If you do the latter method, make sure to confirm the transaction before you part ways: use a laptop to check your wallet and confirm the payment or have a trusted friend/family member monitor the wallet and contact you with confirmation of the funds.

Selling:
There are a few things to review for sellers:
Terms of the Sale or Trade:
If you and the buyer have agreed to the terms of the trade ahead of time (as in what is being sold and for what price), I recommend printing out a copy of the agreement or correspondence (emails, forum posts, etc.). I've had experiences where the buyer tries to change the deal at the last minute or claims that I agreed to a lower price for the sale. Printing out what you offered and he accepted will back you up and help you get the price you asked for. You can also take a picture of these correspondences with your phone or digital camera if you don't have a printer, or use a laptop/tablet to bring them up if WiFi access is available.

Accepting BitCoin Payment:
Write down or print your payment address and bring it with you: I also recommend having a QR code address printed for buyers who use mobile wallets. Make sure you have a way to confirm payment before you part ways with the buyer. Use a laptop/tablet to check on the transaction for confirmations as well as affirming that the buyer paid the correct amount. You could also have a trusted friend/family member monitor your wallet and contact you with confirmation if WiFi is unavailable. Mobile app wallets may be able to confirm transactions on the spot, negating the need for WiFi access and a computer if you have a 3G/4G phone: the Blockchain app I mentioned can do this for you.

Accepting Cash Payment:
The main concern with cash payment is counterfeit bills. Most banks and retail locations keep special markers at the registers that can show if a bill is real or counterfeit. Here's an example on Amazon. These markers are a cheap investment if you're worried about receiving counterfeit money. I've also found them at office supply stores like Office Depot and Staples for around $5-$15. Keep one in your pocket and mark the bills before you finish the sale. Make sure you explain to the buyer what you're doing so they don't freak out on you: I've had that happen before.

Other Forms of Payment:
The are two things to remember about alternative forms of payment: one; try to agree with the buyer ahead of time about the use of non-cash/non-BTC payments, and two; do your research on the payment method to make sure you know what you're getting and how it works (and how easily, if possible, it can be forged or reversed). This forum is full of warnings about certain payment methods for good reason. BitCoin purchases seem to be the bigger targets for chargeback fraud, so keep yourself educated when you're selling BTC in person.

There is one final warning I would like to give in this section: do not accept personal checks. One of the first in-person sales I ever did was for a personal check ($450), and I'm sure you can guess how that went simply by the way I've brought it up. Another check sale a few months after that one was paid for with a stolen checkbook and I had police show up at my house asking about the sale so they could find the guy. If you absolutely must accept a sale by check, I would recommend completing the sale at a bank so you can cash the check on the spot.
Deewhy2
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March 18, 2018, 06:30:47 AM
 #500

Stickied  Grin
Thanks for the tips it will really help

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