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March 06, 2018, 11:50:01 AM |
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If trading for cash, remember to meet in a safe location and to stay consistent with agreed terms. Changing locations at the last minute is a red flag because it pressures one (who might be on the way to meet up) to have no choice but to comply which can be potentially unsafe.
Inspect cash carefully. You want genuine and spendable cash for your bitcoins.
Refuse isolated and remote meeting places. If you agree to trade 1 BTC I suggest meeting up with that much BTC only to restrict losses in case something bad (knock on wood) happens. Store additional bitcoins, if any, in a separate wallet. Same thing with the buyer: take that much cash only and do not take credit cards and other bank cards to avoid being compelled to withdraw more.
Take all necessary precautions to avoid harm and financial loss. These are real risks. A simple search of recent news will yield a pattern of incidents which cannot and should not be ignored.
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