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Author Topic: Face to face large purchase of Bitcoins for cash  (Read 561 times)
Phoenixrising70 (OP)
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October 29, 2017, 01:28:46 PM
 #1

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR
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October 29, 2017, 01:33:04 PM
 #2

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Normally after the first confirmation there should be no "surprises".
This means that after the first confirmation there should be no more tension, at least.
And for that I would recommend a higher than usual tx fee, just to make sure you "catch" the first block.

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Phoenixrising70 (OP)
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October 29, 2017, 09:51:14 PM
 #3

the world is very big you must say where you want to meet  to buy the bitcoins


Monaco, Brussels or Milan
Danos
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October 29, 2017, 10:00:40 PM
 #4

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Tell your customer to google "escrow" and read.
Welcome to 2017 year  where people are smart enough to not being robbed.

Phoenixrising70 (OP)
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October 29, 2017, 10:45:31 PM
 #5

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Tell your customer to google "escrow" and read.
Welcome to 2017 year  where people are smart enough to not being robbed.


It does appear than many of the escrow services are themselves thieves. Can you recommend one or a couple of check out and they need to take cash...
Danos
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October 29, 2017, 11:04:23 PM
 #6

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Tell your customer to google "escrow" and read.
Welcome to 2017 year  where people are smart enough to not being robbed.


It does appear than many of the escrow services are themselves thieves. Can you recommend one or a couple of check out and they need to take cash...

https://bitcointalk.org/index.php?topic=855778.0
And none of them are thieves believe me Smiley
They proved enough already how trusted they are.
I don't believe anyone with his mind will agree to make 20btc deal face to face with risk to get robbed.

CaVO32
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October 29, 2017, 11:08:01 PM
 #7

yeah, just to be sure use an escrow. there's a lot here who are offering that kind of service and sometimes it's free or just pay them very minimal fee. just refer to what danos' link that he gave. it's better to be safe than sorry.
Enzo05
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October 30, 2017, 10:02:11 AM
 #8

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Normally after the first confirmation there should be no "surprises".
This means that after the first confirmation there should be no more tension, at least.
And for that I would recommend a higher than usual tx fee, just to make sure you "catch" the first block.


Thats true cause its just saying that the next transaction will be ok , so no more tension Smiley
lilRoy07
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October 31, 2017, 03:42:59 AM
 #9

cant do it over 6 xfers?
zazarb
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October 31, 2017, 08:07:19 AM
 #10

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR

Tell your customer to google "escrow" and read.
Welcome to 2017 year  where people are smart enough to not being robbed.


It does appear than many of the escrow services are themselves thieves. Can you recommend one or a couple of check out and they need to take cash...

https://bitcointalk.org/index.php?topic=855778.0
And none of them are thieves believe me Smiley
They proved enough already how trusted they are.
I don't believe anyone with his mind will agree to make 20btc deal face to face with risk to get robbed.
updated escrow list here: https://bitcointalk.org/index.php?topic=276897.0

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SamsungBitcoin
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October 31, 2017, 01:40:27 PM
 #11

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR
Much better to buy personally with that amount, of course the tine of confirmation is depending on the amount of transaction fee if your friend want to reflect it to his wallet quickly he need to pay the huge transaction fee and after it was confirm then that is the time to give the actual cash to the seller of bitcoin there is no big problem on that. Much better if you are transacting near on the police station for the securities of both parties.

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sicparvismagna
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November 01, 2017, 02:46:20 AM
 #12

When you are meeting with him face to face just say that you will not part ways until the transaction is done, either way you should be clear with your clients with yours terms and agreement to avoid conflict and prevent tensions from both parties. Either way you should prove to him/her that you're  not a scammer or anything like that.
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November 01, 2017, 06:06:09 AM
 #13

I have a client who wishes to buy 20 Bitcoins for a cash. He is concerned about the protocols involved and making sure that the transaction will be valid and not get "stuck in the system" or be fraudulent in any way.

He is happy to meet face to face with the seller but he is not willing to part with the cash until there is certainty over the delivery of the Bitcoin. I am guessing this will take a minimum of 1 hour (6 blocks)

Any thoughts about how to relieve the tensions on both sides. Escrow and banks seem to be out of the question.

Thanks

PR


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Pay cash in many store already

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