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November 01, 2017, 05:48:05 PM |
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Hello, If am buying BTC from a private seller, for cash, meeting him in person, what would be "best practice", to conduct transaction safely and protecting myself against fraud?
For example, these are the steps that I see:
1. I have my hardware wallet (KeepKey) connected to my Android phone, with a wallet app on the phone 2. We meet in a public place or in a notary office or law office, and maybe for a fee or a % ask the office to be our one time escrow company? 3. I show that I have the cash, and seller shows on his device that he does hold agreed amount of BTC 4. As soon as I see this amount landing in my KeepKey, I give him cash, minus % to escrow company, if using one
Did I miss any steps? Any other suggestions? Any additional ways to make sure seller is not going to cheat at step #3? Do people even do this, or am I dreaming and any such offer is a 99% probability of possible fraud?
THANK YOU!!
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