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Author Topic: Tips for local transactions  (Read 758824 times)
faithupgrade
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April 13, 2018, 11:55:53 PM
Last edit: April 14, 2018, 08:19:22 AM by faithupgrade
 #541

Nice tips sir, i never trade with bitcoin locally. I would try your advise someday. My only main concern about trading with BTC locally is my safety. Have you heard the news about the guy who was forced by a thief to transfer ALL his BTC balance to the theives BTC address.

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Agrabah
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April 14, 2018, 03:41:43 AM
 #542

Thanks for the detailed analysis, this is a very good addition to the best practice.  Especially a good point about the phone.
Nik007
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April 14, 2018, 05:31:49 AM
 #543

Thanku....that was really very needed.
nygaar
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April 14, 2018, 07:45:24 PM
 #544

This thread has been really helpful for me. Thanks for sharing awesome tips guys. A lot of things have become easier for me when it comes to transactions.
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April 17, 2018, 01:46:37 AM
 #545

I only have one vendor for miles 1,000 dollars minimum. I just wanted a maybe $100. What would be the next fastest way to attain btc?
butrsukumpanumet
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April 17, 2018, 07:12:09 PM
 #546

Great tips for local transactions. My favorite method is to buy BTC, meeting up with the seller directly in public.
saberibm3
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April 17, 2018, 07:42:33 PM
 #547

I think local trading is the safest way for btcs transaction with full proof safety.
hason88hvbc
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April 18, 2018, 03:34:36 AM
 #548

Should be exchanged in public places. Mentioning a second person could also help deter potential muggers. simply having a friend sitting a table away can help if a dangerous situation arises.
cointastical
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April 18, 2018, 05:04:45 AM
 #549

One of the main reasons someone does a transaction face-to-face, using cash, is to protect financial privacy.

Recently. LocalBitcoins began requiring account verification (referred to as KYC / identity verification) for all sellers.

Two alternatives, HodlHodl.com and Bisq.Network, are now functional, are useful for face-to-face trading, and do not require identity verification.
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April 18, 2018, 05:47:57 AM
 #550


i agree cameras would help with security, but that's a tradeoff between security and privacy i'd generally go for the latter myself
rnwr01
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April 18, 2018, 06:23:12 PM
 #551

Thank your for sharing these helpful tips, as i am new to trading and buying bitcoins and any type of cryptocurency I really need any tips that can help me out in saving money and keeping me safe.

Hope you have a great day! Smiley
Zizi19231
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April 18, 2018, 07:20:33 PM
 #552

Agree on price and procedures in advance and never do a transaction with anyone who tells you that it will be used for something illegal
Ken_1102
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April 19, 2018, 04:45:45 AM
 #553

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.
cointastical
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April 19, 2018, 06:49:24 AM
 #554

Bitcoin ATM hit ... thieves assault cashier with bear spray, then pull the cash trays from the Bitcoin ATM (Chevron Gas Station Irving, TX)

- https://www.youtube.com/watch?v=lbImdks9gkM
mikeywith
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April 19, 2018, 09:28:36 PM
 #555

very well documented, i appreciate the efforts you put in this post.

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loof99
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April 20, 2018, 10:43:04 AM
 #556

I think you should try bitcoin because bitcoin provide the convenience to the fullest which all things are very easy to do with: remittance, purchases, investments, bills, safe funds and etc.
Sean25pogi
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April 22, 2018, 05:30:41 PM
 #557

In local transaction you should be aware in the scammers because there are lots of people that still want to steal your money.
Bitcoin is the blessing which nobody cannot resist with its golden value. The bitcoin saves all people from poverty so the demand in here is quite big.
GeorgianCryptoTrader
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April 25, 2018, 01:01:07 PM
 #558

This is a really great guide! If you want to do local transactions it is highly recommended to read this topic before you start.
So that you can avoid fraud and scamming activities.

B2C-BITCLASSIC
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April 25, 2018, 02:00:59 PM
 #559

i'm sure your post is helpful for some people, and it does seem like a good write-up, however your list is pretty much the exact opposite of what I would look for in a trade
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April 28, 2018, 07:20:21 PM
 #560

In local transaction you should be aware in the scammers because there are lots of people that still want to steal your money.
Bitcoin is the blessing which nobody cannot resist with its golden value. The bitcoin saves all people from poverty so the demand in here is quite big.
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