Tips for local transactions

[sudnokpok]

This is so informative. Thank you for making this thread. This serves as guidelines in transacting with other people especially for trading purposes. I appreciated much about meeting in publoc areas or with cctv cameras.

[1715398099]

1715398099

[1715398099]

1715398099

[s31joemhar]

For local transactions you can use your account in bitcoin such as coins.ph for making it as your business.
For example, in buy load section you can sell load to your target customers. Just get their number then load it. To get their payment, send to them your wallet address to send their payment to you.

[ningning08]

This is awesome! Safe transaction is a must at all times!!! Looking forward to reading more informative posts!

[mstfprcn]

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.

[Nyeyzel]

For me, bring friends that will help you in case something bad happen. Don’t do transaction away from the camera; if something happens at least, you have videos. Set the transaction agreed by both parties, don’t continue a transaction if the planned was change. And be sure that both parties have a required cash/coins.

[TUSHAR@1908]

What exactly you mean by LOCAL TRANSACTION as cryptocurrency transaction are not confined to any area?

[cointastical]

What exactly you mean by LOCAL TRANSACTION as cryptocurrency transaction are not confined to any area?

Local transactions is a term generally meaning in-person, face-to-face trading.  While there's no reason cash (e.g., USD) needs to be the payment method for a local trade, most local trades are for cash.

This thread is to help those minimize the risks when entering and conducting such a trade.

[sudnokpok]

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.

[Nora25]

very good info thank you for sharing ..

[Oil man]

In transactions, caution is needed. A lot of people who have bad intentions out there. In addition to be careful, we are also required to be the buyers and sellers are smart so we are not easily fooled. We should be acompanied by some friend while transaction in order to keep secure/safe. Indeed, this information is very useful. Great, thank you.

[fleecedamp]

I would have too suggested that such a sensitive isshes should be carried on in a populated place to prevent any odd accidents

[1jaffa1]

I think it's best for a local transaction is to do some public meet up on a public crowded place like malls or other places that is popular and easy to reach. But if you don't want to do meet up, it will be best if you ask for valid infos like real name,address, and don't forget to ask some valid IDs so if he scam you, you could easily track him down using his valid info

[kenny Zenya]

How about OTC?

skype, itBit etc..
Does any one know how many OTC there are? any which one do you like?
Is there any unique OTC services? I found Coincola interesting.

[cointastical]

How about OTC?

If you are referring to OTC as-in brokerages handling larger over-the-counter trades, here's a list:

- https://www.reddit.com/r/BitcoinMarkets/comments/7unl0s

[sudnokpok]

My tip is to meet at some sort of table and set up a camera to monitor the transaction.For extra security, have the camera recording to some sort of remote server.

[lunaelucemauram]

I am new to the crypto industry and I am planning to transact to some individual from my country for some tokens along with other online transactions. I would also like to do day trading and I find the tips in here to be very helpful to these scenarios. We should also be careful of hyping because I have learn cryptocurrencies way back on December and good thing I don't have the money to invest that time and some of my friends that are into it said to buy crypto investment when the price is low and good thing I have bought some when the dip came.

[dmitrytoverfre]

Honestly pretty standard tips, but good to know anyway. I'd advice anyone that is using an exchange or something similar to be very carefull with using public wifi. It's relatively easy to set up a MiTM attack with HTTPS/HSTS bypass and grab your password. Be safe and use 2FA!!

[mintevacuateY]

Whatever I just want by btcs to get quickly delivered to my wallet adress without hassle

[ToyMonster]

Can local trading be done through LAN connected or socially connected devices?

[cointastical]

Be safe out there!

- http://tass.com/society/976192
- https://motherboard.vice.com/en_us/article/ne4pvg/police-in-ottawa-canada-charged-a-teen-with-armed-bitcoin-robbery-are-hunting-two-suspects
- https://btcmanager.com/russian-couple-robbed-100000-worth-bitcoin-thailand
- https://www.irishtimes.com/business/technology/boasting-about-bitcoin-profits-godsend-for-cybercriminals-1.3382168

It continues:

- https://en.bitnovosti.com/2018/02/26/criminals-extorted-300-btc-from-the-founder-of-prizm-cryptocurrency
- https://en.bitnovosti.com/2018/02/23/man-was-tortured-all-night-in-moscow-before-he-handed-all-his-bitcoins-to-bandits

And will continue to happen:

"The trend of physical crypto asset robberies will accelerate if attackers have a decent success rate. Securing your assets not only helps you, it helps us all by deterring physical attackers from even trying."

- https://twitter.com/lopp/status/961700837654441984

And yes, it continues to happen:

Bitcoin buyer robbed of RM1mil in cash
- https://www.thestar.com.my/news/nation/2018/04/13/bitcoin-buyer-robbed-of-rm1mil-in-cash

Heh, "A police spokesman told the Straits Times that they were also investigating the origins of [buyer]'s money, which he carried in cash."

And though no violence was involved, here's a very large deal where the buyer almost got scammed:

How an OTC Bitcoin Scammer Almost Stole $600 Million
- https://news.bitcoin.com/how-an-otc-bitcoin-scammer-almost-stole-600-million

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