Bitcoin Forum
November 14, 2018, 07:00:18 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 [30] 31 32 »
  Print  
Author Topic: Tips for local transactions  (Read 321083 times)
Kristina_2805
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
June 12, 2018, 09:50:22 PM
 #581

Transactions in crypyocurrency are not very easy today...I really hope that will change soon. There are platforms already that incentivize businesses and customers by accepting a wide range of cryptocurrencies and bringing liquidity to those currencies. Paytomat, for instance, - the most promissing blockchain-based crypto payments platform, I think. Has anyone heard about it?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Logkalog
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
June 22, 2018, 03:23:20 PM
 #582

can i use algorithm to forecast (not really close prediction) for the best altcoin to invest. i start collecting factors in different industry (gobal) affecting the demand every coin.
danceinthedunes
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
June 23, 2018, 01:39:31 PM
 #583

Transactions right now with cryptocurrency are not easy to do...I really hope that will change soon. There are platforms already that incentivize businesses and customers by accepting cryptos. for instance, in some places, you can use Coinbase to pay for items or services
bamidooh
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
June 23, 2018, 06:06:42 PM
 #584

I normally trade on WhatsApp group where there was an escrow admin. We pay admin and client send coin admin send send money to him

Example

Buyer         I want to buy coin
Seller.         I want to sell coin

After we have both negotiate


Buyer will pay admin


Admin.  Yes I receive money  Seller send coin


Seller drop your wallet let me send Yes I send coin confirm you receive

Buyer Yes I receive admin fund Him


Admin.    Funded

Seller I receive deal seal

Thanks



This is how we trade in my local area hope it helps
XCryptoFund
Jr. Member
*
Offline Offline

Activity: 42
Merit: 20


View Profile
June 28, 2018, 09:30:42 AM
 #585

Try to do bitcoin transactions with individuals you don't know/trust in public, well-lit places.  Preferably with decent video surveillance going on.  I.E.  Shopping mall, high-end restaurant, etc.
And always ask for an ID copy (KYC at little scale)
Princess04ka
Member
**
Offline Offline

Activity: 183
Merit: 10


View Profile
June 29, 2018, 04:11:35 PM
 #586

Hey, guys! Did someone already make a transaction on StreamDesk?


I did!  I've just wanted to share! I ve been searching for adequate way to exchange, crypto into fiat! You know  it is kind of difficult....
And I found StreamDesk - the place where you can change any currency, without intermediaries, super secure, thanks to the smart-contracts.
For the first time,in my life! I bought ETH less than 5 minutes! It is so simple!
mountain_hacker
Newbie
*
Offline Offline

Activity: 116
Merit: 0


View Profile
June 29, 2018, 04:15:01 PM
 #587

Hey, guys! Did someone already make a transaction on StreamDesk?


I did!  I've just wanted to share! I ve been searching for adequate way to exchange, crypto into fiat! You know  it is kind of difficult....
And I found StreamDesk - the place where you can change any currency, without intermediaries, super secure, thanks to the smart-contracts.
For the first time,in my life! I bought ETH less than 5 minutes! It is so simple!

So do I! I'm just delighted! There is no such a thing anywhere else. This service is unique. The rate is not changing. I spent exactly the same amount of money as I have now on coinmarketcap. No commission!
trespiclof
Newbie
*
Offline Offline

Activity: 210
Merit: 0


View Profile
June 29, 2018, 04:28:29 PM
 #588

Hey, guys! Did someone already make a transaction on StreamDesk?


I did!  I've just wanted to share! I ve been searching for adequate way to exchange, crypto into fiat! You know  it is kind of difficult....
And I found StreamDesk - the place where you can change any currency, without intermediaries, super secure, thanks to the smart-contracts.
For the first time,in my life! I bought ETH less than 5 minutes! It is so simple!

So do I! I'm just delighted! There is no such a thing anywhere else. This service is unique. The rate is not changing. I spent exactly the same amount of money as I have now on coinmarketcap. No commission!

No way!

You can check it! There is my bid for 1 ETH on the website. You going to how fast and secure you can buy crypto!
trespiclof
Newbie
*
Offline Offline

Activity: 210
Merit: 0


View Profile
June 29, 2018, 04:28:59 PM
 #589

Hey, guys! Did someone already make a transaction on StreamDesk?


I did!  I've just wanted to share! I ve been searching for adequate way to exchange, crypto into fiat! You know  it is kind of difficult....
And I found StreamDesk - the place where you can change any currency, without intermediaries, super secure, thanks to the smart-contracts.
For the first time,in my life! I bought ETH less than 5 minutes! It is so simple!

So do I! I'm just delighted! There is no such a thing anywhere else. This service is unique. The rate is not changing. I spent exactly the same amount of money as I have now on coinmarketcap. No commission!

No way!

You can check it! There is my bid for 1 ETH on the website. You going to how fast and secure you can buy crypto!

How fast! I'm shocked.
 It is necessary to tell people to get here quickly, there is definitely no such a thing on the market. Respect !!!
Mohd Farish
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
July 02, 2018, 07:16:21 AM
 #590

Thanks for the information! Smiley Smiley
ohhbebeh
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
July 03, 2018, 01:29:00 AM
 #591

HaasOnline - The best trading bot for cryptocurrency!
Very profitable!

Features:
- 20 different signals
- Safety insurance
- Trade without losses
- Trade any altcoin
- Auto-buy on pump and auto-sell on dump
- ... and more!

Options:
- Trade Bot
- Arbitrage Bot
- Order Bot

Exchanges supported:
- Bitfinex
- Bitstamp
- BitTrex
- BTC-E
- CEX.IO
- Huobi
- Kraken
- Poloniex
- ... and much more!


Also we decided to give away 3 months of the "Advanced" plan for free for everyone who installs new version from June 29 to July 10.
Grab your gift right now!

haasoniine.com
Catwoman13
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
July 05, 2018, 04:48:12 AM
 #592

Study carefully the business most specially in starting for the local  transaction
Unlitinated
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
July 05, 2018, 12:20:27 PM
 #593

This is the one of the most useful information I faced here at the moment. I would emphisized on that part regarding physical meeting with seller - the most thin place in trade chain of you chose such a way which require concerned people secretly on your side for safety ready to step in for you to protect from any physical interference.
Cagmroxxx
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile WWW
July 05, 2018, 05:44:23 PM
 #594

It is really useful thing to do local transaction.  It will save lots of time.

Thanks for sharing the useful information..

🙂
souul
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
July 10, 2018, 09:32:53 AM
 #595

All markets are the same, they take advantage of transactions and they take the best cost to swap the sale of coins, so I think the recommended cost is the lowest and the big one you expect makes sense. If they do not have a fee when the transaction they profit from where klo not from transaction costs.
coinhunter2050
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
July 10, 2018, 02:25:30 PM
 #596

It really helps us doing this correctly and safely,
If possible please write about something MaxBounty programme.
crypki21
Member
**
Offline Offline

Activity: 74
Merit: 10

Look ARROUND!


View Profile
July 11, 2018, 02:53:13 PM
 #597

Thanks, great summary! It is true that people, especially newbies could easily be scammed in the crypto world, so it is always important to be aware!

centive
Copper Member
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile WWW
July 12, 2018, 08:05:08 AM
 #598


Nice comprehensive guide, thankyou for this awesome stickied post !!
akunate
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
July 13, 2018, 02:09:53 AM
 #599

I was writing this as a reply to someone else's topic and it got kind of lengthy, so I decided to make it into a topic instead.

The intention of this topic is to help new buyers and sellers in the BitCoin community who are looking to meet up and trade locally. I've done a lot of local trades and sales over the years, so I'm hoping that my experiences can help beginners by giving them ideas on how to trade safely. For this purpose I've separated my advice into three sections: meeting for trades, advice for buying, and advice for selling.

I've tried to format everything in a clear and concise manner to make this topic more readable. I'm open to suggestions for edits and additions to help make this guide as useful as possible.

Hope this guide helps anyone looking to start trading locally!

Note: Some names/locations I mention are US based, so I apologize if they're irrelevant for your location. The theories behind this topic should be fine regardless of country.



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
  • Accepting BitCoin Payment
  • Accepting Cash Payment
  • Other Forms of Payment

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.

Other Tips:
This section is for good advice submitted by other posters. Thanks for your contributions!
  • Make sure to specify your expectations in advance. Confirm the time and place of meeting and make sure that both parties have everything on hand to complete the sale or trade. ~ Stephen Gornick
  • Strength in numbers: bringing along a second person can be an excellent source of additional security and protection. ~ Vernon715

really useful tips especially for the first timers
kaushiks093
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
July 13, 2018, 04:37:50 AM
 #600

I was writing this as a reply to someone else's topic and it got kind of lengthy, so I decided to make it into a topic instead.

The intention of this topic is to help new buyers and sellers in the BitCoin community who are looking to meet up and trade locally. I've done a lot of local trades and sales over the years, so I'm hoping that my experiences can help beginners by giving them ideas on how to trade safely. For this purpose I've separated my advice into three sections: meeting for trades, advice for buying, and advice for selling.

I've tried to format everything in a clear and concise manner to make this topic more readable. I'm open to suggestions for edits and additions to help make this guide as useful as possible.

Hope this guide helps anyone looking to start trading locally!

Note: Some names/locations I mention are US based, so I apologize if they're irrelevant for your location. The theories behind this topic should be fine regardless of country.

https://twitter.com/kaushiks093

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
  • Accepting BitCoin Payment
  • Accepting Cash Payment
  • Other Forms of Payment

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.

Other Tips:
This section is for good advice submitted by other posters. Thanks for your contributions!
  • Make sure to specify your expectations in advance. Confirm the time and place of meeting and make sure that both parties have everything on hand to complete the sale or trade. ~ Stephen Gornick
  • Strength in numbers: bringing along a second person can be an excellent source of additional security and protection. ~ Vernon715
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 [30] 31 32 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!