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December 20, 2017, 01:18:40 PM |
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Don’t forget to use escrow if transacting remotely. Never consider sending even fractional amounts upfront. As for SEPA, be very careful and do an identity check. There have been stories of SEPA transfers reversed or originating from compromised bank accounts.
Another risk factor is the MITM scam. Scammers have been known to place ads on the internet advertising cars, watches, motorcycles etc and instructing slow-thinking buyers to pay into accounts of unsuspecting bitcoin traders. Verify the identity of any buyer offering SEPA.
2 BTC converts to a large amount of Euros. Approach this transaction with lots of caution and a sharp mind. When transacting in person in Munich, meet in a safe and very public location, preferably inside a bank where you can engage the assistance of bank staff to ascertain the money is genuine. There have been cases of buyers meeting up and later assaulting the seller after getting the coins, then escaping with the same money they paid for the bitcoins. Be careful.
Good luck and stay safe.
PS.. forgot to add the risk applies both ways. It’s not just about the seller. To the buyer, transact safely too. Meet in a safe place and preferably take someone with you. Don’t accept instructions to transact inside a car or to travel to a remote location with all that cash. There are scammers who advertise fictitious nonexistent coins on this site with dangerous motives.
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