For those of you that like trading bitcoin physically, learn the usual lesson

[sokani]

Maybe the victim has something he was hiding or the attackers chose the location. He had to run to the nearest mall to get help, which meant trading it inside the mall would have been safer.

According to the report they agreed to meet in an open place but the buyer changed the location at the last minute. That alone should tell him that the buyer was up to something and to discontinue the trade but he went ahead. One thing I've come to realize about greedy people is that sometimes it messes with their brain and cause them to make decisions that could cause them more lost and pain. Spending just a few cents in trading fees on CEX would have averted this ugly occurrence but he choosed money over his own personal safety. He's indeed very lucky that he didn't receive a bullet or knife in the stomach.

[dzungmobile]

According to the report they agreed to meet in an open place but the buyer changed the location at the last minute. That alone should tell him that the buyer was up to something and to discontinue the trade but he went ahead. One thing I've come to realize about greedy people is that sometimes it messes with their brain and cause them to make decisions that could cause them more lost and pain.

First of all, be too greedy; and secondly they are vulnerable to sweet and convincing words of their trade partners. We know scammers have many traps to convince potential victims and if it's your first time exposing with a scammer, and you are a naive person, you will believe in their words.

So it is like step by step scamming method and only people who are careful, disciplined and sharp in thinking can avoid it at beginning and are able exit it in the middle if they fell to the trap for opening a deal with scammer. I mean it's best if you can avoid scam trap initially but if you can not, you still have a second chance. If you are sharp, with one or two changes requested by your trade partner, it's red flag and you must be logical enough to exit the trade. Choose safety first, and you can try with other trade partners.

[Hamza2424]

Hmm, this is the first time ever I've heard some people trade Bitcoin physically, are they making regular deals physically, TBH I did send a couple of times Bitcoin for regular shopping in the market as the seller was willing to be paid by Bitcoin and I was out of cash, and it was a risk I knew. But those who are making up deals regularly physically are really brave in that they are not afraid someone can kidnap them or anything is possible.

Tip number use dummy wallets, as I did some transactions but there not many funds in those wallets so it really reduces the risks if the other one is not a blockchain analyst haha.

[tabas]

I will only go to meetup if it's OTC or it's a crowded place or outside the police station. I know that it might be odd for some but that's a way to protect myself just in case something like this happens. For the victim going into the car park and when there's a last-minute change that's a red flag already, that action was noticed and it's a place where sketchy deals happen. I think that the seller was too confident that the guy was willing and that's why it's always better to be with someone to watch out for this kind of deal if someone out there was still doing these physical trades. But because we've got platforms where we can do P2P trades, it's better to stick to those platforms and don't go outside for personal safety.

[FinneysTrueVision]

Back in the day, Local Bitcoins was one of the few options we had for buying or selling Bitcoin. In-person trades used to be very common. It always worried me that somebody shady could be on the other side of the trade so I never opted to do in-person trades, but the temptation was always there especially when exchanges started forcing KYC. With all the options we have today, it’s hard to believe people are still meeting up to do person to person trades. I imagine it is more common in countries where people can’t use centralized exchanges for various reasons.

[Majestic-milf]

 If I were the dude, the moment the vendor decided to change locations would have sent alarm bells ringing in my head and no matter how desperate I needed the funds, accepting to do business with someone I don't have prior relationship with and just met on telegram won't even be an option I'd be willing to consider.
Seriously, doing such physical transactions is like putting a target on your back and make you vulnerable to any form of attack and the guy was lucky to have escaped with his life intact, some do not get this chance.

[KiaKia]

Are people still doing this? I am surprised, because the last time I did such was in 2015 when there weren't many exchanges that supported crypto to fiat conversation, now I won't dare do such, even if people I knew very well ask this of me I will direct them to an exchange where they can trade their Bitcoin, I will never buy from them or sell to them physically.

With the situation in my country right now anyone can turn into a criminal because of massive hunger in the country, once they detect an opportunity to steal they will do it, there are several cases of people robbing them by those who are supposed to deliver some purchased item to them, imagine if it is something as valuable as Bitcoin.

Today there are so many ways to trade Bitcoin or USDT for fiat or something else, even our most used social media app called Telegram has made it very easy with peer to peer trade, you don't have to meet anyone face to face to trade your crypto, it is a very stupid idea.

[Sim_card]

The devil that you know is better than the angel you don't know is a say in my country. Strangers shoukd not be trusted whenever it comes to crypto dealings. I only use physical p2p to sell my coins if it is someone that i already knkw and not a stranger. Telegram is full of scammers and different kind of people including arm robbers, which is one of the main reason why any deal on telegram with a strnger shoukd be a red flag. Iyvis better to use CEx and pass through KYC to save you from physical attacks or use DEx for anonymity.

[Dzwaafu11]

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

This is not advisable at all. It’s too dangerous to trade USDT physically; many people think they will be scammed if they do it online; they don’t know that is the best way to do it. Although all this is ignorance sometimes, and they don’t learn or ask which method is the best way to sell your crypto asset. Apart from being attacked, physical trading can also make someone get expensed, and his privacy will not be there any more.

Anyone he sells out his USDT to physically know that he is holding either bitcoin or one of these things, which is bad. Furthermore, where he found out this person who claimed to be a seller and later scammed him is full of scammers. I’m scared of telegram. I believe he has learnt his lesson now. 

According to the report they agreed to meet in an open place but the buyer changed the location at the last minute. That alone should tell him that the buyer was up to something and to discontinue the trade but he went ahead.

 Exactly. I think he was desperate to change the money to fiats, and at this point he think there is no other option than this. Although he really messed up by trusting someone online, they don’t do that anymore. Things like this were done when there were not many exchanges to easily swap cryptocurrencies to our local currency.

[Zigabel]

At this age where we have got many exchanges out there that are really legitimate and reputable, I don't expect we still be waiting to trade coins physically whereby we know the possible dangers we can face with such, most of the exchanges out there are even making it easy such that navigation their platforms needed o much education and via their p2p you can get money paid directly in to your local bank account after trading.

Using physical traders is a very risky thing to do and shouldn't even cross ones mind, there are too many ways out there to sell of your crypto for you to take such risk, there are apps too that buy a d sell, casinos where you can take your crypto there, wager it and later convert to your local currency on the casino then withdraw to your local bank account, so many others way to explore are available too.

[Agbamoni]

Why some people are trying so hard to protect their crypto activity from the government, they by themselves make the wrong move of even putting their lives at a greater risk, which could not only lead to them losing their asset but they could also get injured in the process.
 
The world is exposed right now, although some people are too lazy to run some research on their own and discover that there are many ways for them to trade P2P without even risking their lives.
 
I'm glad he was able to make it out to a safe location and have not also lost his bitcoin. At least one lesson should have been learnt: he can't just trust whomever they meet on the internet.

It's so unbelievable that the same internet the seller met with someone who he wants to sell his USDT to is the same internet he could have used and find someone in any of the CEX p2p and transact with. I don't know why people like to learn things the hard way, the essence of P2P is to ensure we transact any amount of FIAT we wish to collect from our portfolio.

Yet a lot of people are still doing things the old way now he has not lost only his money but has sustained injuries that will make him spend money on treatment. Anyone lazy should be prepared to risk himself. I don't think it is even an option for someone to claim they are lazy to learn how to trade p2p in their convenience.

[Crypt0Gore]

I feel this post is a bit exaggerated. Let's be honest: for once, this days no one trades Bitcoin physically anymore; this was possible in 2014-2017, but since that time, the amount of crypto exchanges has exploded in numbers.

Even kids who are into altcoins airdrop and testnets know how to use Binance exchange and others to exchange their coins; crypto exchanges are as popular as Bitcoin itself today; stop the cap already.

I can remember when Kucoin and Binance stopped P2P service in my country. People still find others like Bybit and Coinex, and later, the Telegram P2P trade was introduced; no one goes around looking for someone to sell their Bitcoin to or buy some Bitcoin from.

[Peanutswar]

I guess its lose the essence with the use of the cryptocurrency, I've seen a thread like this before and I forgot who created but most people recommend to make a transaction with the place with has a lot of people and of course security to make sure that the transaction will become smoothly we are trying to save the both party ends if you will meet to sell your bitcoin physically. Just wondering and its 2024 and we know tons of exchange right now offering with the direct transfer with the banks, and even with the e-wallet so why not that the case he decide to use that instead selling his bitcoin physically.

[fullhdpixel]

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

This incident is a classic example of why cryptocurrencies aren't for beginners and those who don't have enough knowledge and understanding about finances and financial management should stay away from such things. But then again, such naive people will always get scammed even if they are not in crypto. If someone can believe a guy he met over the internet and goes to the location he asks him to come then you can imagine how childish and naive the person can be.

A person in the modern era should understand that there is no need for them to make such deals when there are better options available for them online. If the amount is large, you should try more to keep it a secret from people so that no one knows that you have that much money on you because that could become an issue for you.

What happened was only because the guy was too naive to understand the intentions of the buyer, what can be said, he was only 19, after all.

[Porfirii]

Hmm, this is the first time ever I've heard some people trade Bitcoin physically, are they making regular deals physically, TBH I did send a couple of times Bitcoin for regular shopping in the market as the seller was willing to be paid by Bitcoin and I was out of cash, and it was a risk I knew. But those who are making up deals regularly physically are really brave in that they are not afraid someone can kidnap them or anything is possible.

Tip number use dummy wallets, as I did some transactions but there not many funds in those wallets so it really reduces the risks if the other one is not a blockchain analyst haha.

Face to face trading was relatively prevalent in the era of LocalBitcoins a few years ago, but although I know that there are alternatives to that platform, it is no longer as common as it once was, mainly because of the multiple options available now that weren't possible before.

It's extremely risky meeting with strangers to carry out such transactions, and especially with someone you met in Telegram Guys, remember that it is better to be safe than sorry. And if despair pushes you to do so, go with a friend if you can and do it in a place with protection, like a shopping mall or station, and close to a security guard, which will discourage them from attacking you if that was their plan.

[HajiBagi]

I usually don't advise any physical trading as it's very risky. A lot of people have lost their lives, meeting with unknown individuals for the sake of trading. Not just in crypto but other business purposes. If you wish to trade, do it on reputable platforms or exchanges where you have encrosws. Their service are very easy to use and I see no reason to meet up with a buyer or seller off line. As a Bitcoiner or crypto holder, you become a potential target for criminals... Let's try our best to avoid physical meets up.

It is very risky to even accept a proposal for physical trading, how can someone even tell me that we should meet and nothing is in between us and I will not think about it before meeting the person, that doesn't even sound well, as a bitcoin or crypto holder you have to know that you are holding something very important that many people are planning something to make sure they own what you have struggle to keep and make a better future.

I don't know about the other people but me I don't think I can do anything that concerns physical trading when I don't know someone, according to the story he met the USDT on Telegram, I can not meet someone on Telegram and believe him, because many scammers are in Telegram and that is where they will message you even if you don't message them, I will not accept anyone on a deal online and even try to meet each other, is either we do the deal online and if he or she didn't trust me and want us to meet in person that is the end of the deal.

[Rockstarguy]

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

Having a trade like this is very dangerous because you don't really know who you trading with and you can't even tell what their intentions are. Scammers are very smart and they know what they can do to get people easily, people needs to be fast in thinking and whatever trade or deal they plan to carry out, the first that needs to be consider is if the risk is worth it. I have come across similar stories like this whereby people falls victim of scammers trying to make physical trade with people they met online.

People must understand that online is the most dangerous place to meet people you don't know to make deal with them because most time it always end very bad. There are reputable p2p exchange where trading can be done without any stress. Doing a physical trade with total strangers is a big risk and not a good idea for anyone to consider.

[DubemIfedigbo001]

What would it profit him that he was avoiding trading fees and lost his whole cash and possibly his life in the process. People make these unnecessary mistakes while being penny wise and pound foolish. He had cash and he carried it physically to the parking lot and bore such danger of the cash being snatched away from him, the changing of the venue at the last minute is the indication he needs to know that the deal was going in an unclear direction.

He would have insisted to have that transaction in the open, but desperation clouded his thoughts and he fell tot he cheap trick of the buyer and the arranged men. He is very lucky he is in an advanced country, else it wouldn't just end in a punch, he might as well have received a bullet or a funeral.
Sometimes, being too smart is rather more of a disadvantage than an advantage.

[Tmoonz]

Why some people are trying so hard to protect their crypto activity from the government, they by themselves make the wrong move of even putting their lives at a greater risk, which could not only lead to them losing their asset but they could also get injured in the process.
 
The world is exposed right now, although some people are too lazy to run some research on their own and discover that there are many ways for them to trade P2P without even risking their lives.
 
I'm glad he was able to make it out to a safe location and have not also lost his bitcoin. At least one lesson should have been learnt: he can't just trust whomever they meet on the internet.

Most persons likes to learn the hard way, negligence and ignorant can actually lead to some one's death this should actually serve as learn to others, undoubtedly the Internet is not a friendly ground where you could trust anyone, a lot are really happening hence one should be able to conscious of our decisions and actions while attempting to transact business with someone you meet on the Internet, but yeah good enough he was able to make it away without losing his asset. Protecting our lives and our assets is very important because most of us even have some assets that our family members didn't have access to hence we should be over careful, as to this regards.

[MorganaX]

The devil that you know is better than the angel you don't know is a say in my country. Strangers shoukd not be trusted whenever it comes to crypto dealings. I only use physical p2p to sell my coins if it is someone that i already knkw and not a stranger. Telegram is full of scammers and different kind of people including arm robbers, which is one of the main reason why any deal on telegram with a strnger shoukd be a red flag. Iyvis better to use CEx and pass through KYC to save you from physical attacks or use DEx for anonymity.

When it anything concerning telegram then that's something I would really prefer avoiding and by the way what does it cost you to actually get a well recognize exchange in terms of selling your coins and trading them also. I would rather trade on P2P on exchange than trade with someone I don't know physically as their are no regulations to it and one thing about humans is that they can be very greedy.