Rules to avoid being scammed

[soul108]

1) Don't just trust the status of a member, anyone can write 500 posts and be a hero member in a short period. This just means that he invested some time on his membership. He can always decide that a profitable scam will be a good payment for his time.
2) Never deal with anyone without doing a search in the forum with his nickname, in order to check if he has scam accusations.
3) Ask for his coin address and always search it on blockchain.info or www.cryptocoinexplorer.com to verify if his address has the amounts he is claiming.
4) Be very suspicious about proposals well under market price or if he accepts your proposal under market price with no negotiation.
5) Look for the reputation of the member (his successful trades, in the form of vouches from the other party on the deal).
6) Even if he has some reputation, never send all the money in one transfer: send one first very small tranche (0.1 btc might be a good start) and wait for his payment. Send a second little higher tranche and wait again, etc. Small increments, because he might decide to pay you the first and second, to scam a bigger tranche. Always suspect if he doesn't accept to trade in small tranches.
7) If he has no reputation (including most cases when he is a newbie or a Jr.), even small tranches are a risk. Better use an escrow system, like the one of bitmit.net, or a trusted member, or you might need to send over 10 very small tranches. It can be annoying, but loosing your money will be more.
8] For big amounts always use an escrow system, unless the member has an excellent reputation.

This should be in the introduction where new people sign up! Just my .02

[1714882496]

1714882496

[YACmeister]

Thanks for the lookout

[Intoccabile]

Yes good rules and people should be more careful, including me.

[Trading]

Never accepted any mining contract. It's nearly impossible to control how much coins are received, costs, etc., it's gambling with your money.

[theskillzdatklls]

this one dude i saw on the internet said that for sure he's good for it and he'd never scam.  do you think he's legit?

[BitcoinBoss]

great advice and im glad you added in the part about paypal chargeback, that's a very common scam from what i have heard

[Trading]

A honest person shouldn't say that he is honest. That is a judgment to be made by others. But it's impossible to make any judgment about his honesty based only on that. If he doesn't have a very good reputation, use bitmit or btcrow or send only very small tranches, waiting each time for his payment. Never send all in one, two or even three tranches even if he has some reputation. If he doesn't accept that, forget about the trade. Better loose an apparently profitable deal than all the capital you invested on the deal.

[athaswang]

Thanks,it's helpful!

[statusd111]

Thanks for this tread

[Trading]

Bumps will be certainly appreciated by newbies and might save them from a scam.

[Trading]

Better read.

[altsay]

I'd prefer small amount of coins on each transaction regardless of the reputation of the person i'd trade with. I know "small" is relative but for me it's less than 0.25 BTC

[gotosea]

Take this in account, might save you money

[NeonRonin]

Yes, and I am a French Model, because I said so on the Internet.  

http://www.youtube.com/watch?feature=player_detailpage&v=rmx4twCK3_I#t=11s


Common sense ain't so common on the Internet.

[Bitvik]

Great advice - thanks!

[flatfly]

Very good advice indeed. Don't trust any random internet guy just because they got 800 posts or so - unless it's me

[bitbuilder]

BUMP for good advice. Thank you Trading!

[Trading]

You are welcome all.

[Trading]

Better read.

[superresistant]

Thank you. I take theses advices seriously.