Just received my products

[Newlifebtc]

I was able to transact with somebody overseas without involving any financial institution or third party to help receive or send fund,but rather I paid him through bitcoin and he received it in his wallet and sent my goods over to me,am so happy

[1714923951]

1714923951

[noorman0]

Congratulations on your first experience.
Even if you do not tell the details of where and the value of your transaction, this is enough to prove the great benefits of bitcoin in easy and flexible transactions without any third party restrictions.

Keep in mind that there are some people who experience transaction failures. Because the process is too easy, people become too trusting in a service and easily become victims of scam. You have to be more careful and do in-depth research with who you want to transact with.

[bitmover]

I was able to transact with somebody overseas without involving any financial institution or third party to help receive or send fund,but rather I paid him through bitcoin and he received it in his wallet and sent my goods over to me,am so happy

That's interesting, specially because it is an oversea transaction. You probably save a lot of money that you would otherwise spend in bank fee, taxes, and other fees.

This is what is amazing in bitcoin. We have control over our money, we are free to sent it to our neighbors or overseas with the same cost. Your transaction is also pseudo anonymous, the government is not really tracking your transaction (it could, if you are under investigation)

Anyway, congratulations and I hope you can make more transactions like that.

I wish I could buy more goods in Brazil with BTC.

[Stanlo]

Congrats but id say that's a stupid risk, if that person just decide to rip you off it will be so smooth for him to do and there won't be any trace to apprehend him, what you did is so risky there should be some form of escrow, you should be thankful that the man has good heart

[CryptocurencyKing]

Congrats but id say that's a stupid risk, if that person just decide to rip you off it will be so smooth for him to do and there won't be any trace to apprehend him, what you did is so risky there should be some form of escrow, you should be thankful that the man has good heart

Hahahahahahahaha, quite a funny start but, you've got a point there. You know, it's entirely a matter of trust when dealing with an anonymous person using bitcoin as a medium of payment. For all we know, bitcoin  is traceable based on address but, the owner of that address might not be known except its an address used on this forum and as such, you can trace it to the user but then, the users anonymity as per physical existence remains hidden and safe. So, one error move or any decision on either not to deliver a goods that has been payed for upfront becomes an issue for you the buyer because, your money is gone.

Well, I'm sure you were quite certain before going through with the transaction and you got your stuff. Good but, exercise a lot of caution.

[TheMimic1]

OP I'm sure you knew this person very well before doing such business with him or them? Make sure you are on safer side before doing such next time if you don't know them because if they decide to scam you there is no way to make any arrest

[Welsh]

It's awesome that you successfully conducted a transaction, and exchange of goods with Bitcoin. However, you should probably consider potentially involving a third party next time. To escrow the funds. Otherwise, I do fear that eventually you will run into a problem. Especially, if you were dealing with a random contact. If it was via a well known, and trusted Bitcoin business then that's a little different. However, if it was a peer to peer transaction, then I'd recommend an escrow.

I understand, being someone who likes to avoid using a third party unless its necessary, but I would deem transactions like these to be worth the extra fees, and to lessen the risk. I assume you, like many of us came to Bitcoin to control our own money, and to lessen the amount of third parties that we rely on, and it might seem like there would have been no point in using Bitcoin, if you had to use a third party. The difference is, usually fiat currencies actually require you to use third parties (banks etc), but at least here you have the choice to use it if you want too.

[Pmalek]

That is the benefit that Bitcoin brings. International transfers of value through a fully transparent and verifiable ledger. If constructed correctly, you would end up paying much less than with traditional bank transfers. Both you and the other party can enjoy the irreversibility of bitcoin, but like others have pointed out, it's a double-edged sword you need to be aware of.

It it's not to personal, how big was the transaction and did you do business with someone you already knew before or a random internet seller?

[cheezcarls]

This is the advantage that Bitcoin has in store for us. Borderless transactions.

Imagine this. When you are going to buy and sell goods and services using an old centralized method like the banks, they have the power to freeze or hold your transaction. They are asking you for some more information, providing documents and proof, etc. However with Bitcoin, just like what you are experiencing lately, there are no central authority, third party or middleman who can interfere with your transactions.

This is what I definitely loved Bitcoin.

[akirasendo17]

That's good news for you since you successfully made a transaction good to hear that you have not encountered any issue along the way, I also made some transactions by paying altcoins and bitcoins before, and its easy fast, and a new experience way of paying for services and goods, I hope the world will accept this payment since we are already in the digital age, and it will be such a waste not to take advantage of the emerging technology.

[Welsh]

This is the advantage that Bitcoin has in store for us. Borderless transactions.

Generally, most currencies can be used internationally with a small fee, which may or may not be less than the standard Bitcoin transaction fee depending on various factors.

Imagine this. When you are going to buy and sell goods and services using an old centralized method like the banks, they have the power to freeze or hold your transaction. They are asking you for some more information, providing documents and proof, etc. However with Bitcoin, just like what you are experiencing lately, there are no central authority, third party or middleman who can interfere with your transactions.

Its absolutely a benefit in many peoples eyes, but there's also the flip factor, and this is why I think banks will always exist. Not everyone wants to be fully responsible, and in control of their money which I could sort of understand. Banks do offer a safety net when sending payments to trusted sources, and they also provide fraud monitoring. Unfortunately, if your transaction is related to cryptocurrency in anyway, the bank is likely to flag it, and therefore you have to spend more time convincing them that you mean to send the transaction, and you accept the risks. This can be a pain in the ass for people like us, but banks are entirely bad. They are bad in their current implementation, but I do believe they could be adapted in the future to provide a service such as fraud detection, without actually controlling your money.