Tips for local transactions

[Agrabah]

Thanks for the detailed analysis, this is a very good addition to the best practice.  Especially a good point about the phone.

[Nik007]

Thanku....that was really very needed.

[nygaar]

This thread has been really helpful for me. Thanks for sharing awesome tips guys. A lot of things have become easier for me when it comes to transactions.

[trillteddy]

I only have one vendor for miles 1,000 dollars minimum. I just wanted a maybe $100. What would be the next fastest way to attain btc?

[butrsukumpanumet]

Great tips for local transactions. My favorite method is to buy BTC, meeting up with the seller directly in public.

[saberibm3]

I think local trading is the safest way for btcs transaction with full proof safety.

[hason88hvbc]

Should be exchanged in public places. Mentioning a second person could also help deter potential muggers. simply having a friend sitting a table away can help if a dangerous situation arises.

[cointastical]

One of the main reasons someone does a transaction face-to-face, using cash, is to protect financial privacy.

Recently. LocalBitcoins began requiring account verification (referred to as KYC / identity verification) for all sellers.

Two alternatives, HodlHodl.com and Bisq.Network, are now functional, are useful for face-to-face trading, and do not require identity verification.

[sudnokpok]

i agree cameras would help with security, but that's a tradeoff between security and privacy i'd generally go for the latter myself

[rnwr01]

Thank your for sharing these helpful tips, as i am new to trading and buying bitcoins and any type of cryptocurency I really need any tips that can help me out in saving money and keeping me safe.

Hope you have a great day!

[Zizi19231]

Agree on price and procedures in advance and never do a transaction with anyone who tells you that it will be used for something illegal

[Ken_1102]

Very nice guides,it helps us warn to those bad persons and lokal trading also it can put you through in danger,so avoid meeting someone in noncrowded area be watchful also.,do this transactions in a public areas were there are many guards with a cctv cameras because thats for your best and safetyness.

[cointastical]

Bitcoin ATM hit ... thieves assault cashier with bear spray, then pull the cash trays from the Bitcoin ATM (Chevron Gas Station Irving, TX)

- https://www.youtube.com/watch?v=lbImdks9gkM

[mikeywith]

very well documented, i appreciate the efforts you put in this post.

[loof99]

I think you should try bitcoin because bitcoin provide the convenience to the fullest which all things are very easy to do with: remittance, purchases, investments, bills, safe funds and etc.

[Sean25pogi]

In local transaction you should be aware in the scammers because there are lots of people that still want to steal your money.
Bitcoin is the blessing which nobody cannot resist with its golden value. The bitcoin saves all people from poverty so the demand in here is quite big.

[GeorgianCryptoTrader]

This is a really great guide! If you want to do local transactions it is highly recommended to read this topic before you start.
So that you can avoid fraud and scamming activities.

[B2C-BITCLASSIC]

i'm sure your post is helpful for some people, and it does seem like a good write-up, however your list is pretty much the exact opposite of what I would look for in a trade

[Joemzz31]

In local transaction you should be aware in the scammers because there are lots of people that still want to steal your money.
Bitcoin is the blessing which nobody cannot resist with its golden value. The bitcoin saves all people from poverty so the demand in here is quite big.

[cointastical]

Be safe out there!

- http://tass.com/society/976192
- https://motherboard.vice.com/en_us/article/ne4pvg/police-in-ottawa-canada-charged-a-teen-with-armed-bitcoin-robbery-are-hunting-two-suspects
- https://btcmanager.com/russian-couple-robbed-100000-worth-bitcoin-thailand
- https://www.irishtimes.com/business/technology/boasting-about-bitcoin-profits-godsend-for-cybercriminals-1.3382168

It continues:

- https://en.bitnovosti.com/2018/02/26/criminals-extorted-300-btc-from-the-founder-of-prizm-cryptocurrency
- https://en.bitnovosti.com/2018/02/23/man-was-tortured-all-night-in-moscow-before-he-handed-all-his-bitcoins-to-bandits

And will continue to happen:

"The trend of physical crypto asset robberies will accelerate if attackers have a decent success rate. Securing your assets not only helps you, it helps us all by deterring physical attackers from even trying."

- https://twitter.com/lopp/status/961700837654441984

And yes, it continues to happen:

Bitcoin buyer robbed of RM1mil in cash
- https://www.thestar.com.my/news/nation/2018/04/13/bitcoin-buyer-robbed-of-rm1mil-in-cash

Heh, "A police spokesman told the Straits Times that they were also investigating the origins of [buyer]'s money, which he carried in cash."

And though no violence was involved, here's a very large deal where the buyer almost got scammed:

How an OTC Bitcoin Scammer Almost Stole $600 Million
- https://news.bitcoin.com/how-an-otc-bitcoin-scammer-almost-stole-600-million

Bitcoin ATM hit ... thieves assault cashier with bear spray, then pull the cash trays from the Bitcoin ATM (Chevron Gas Station Irving, TX)
- https://www.youtube.com/watch?v=lbImdks9gkM

"The gang used the office to lure the two brothers to come to the office to sell them the Bitcoin."
- https://gulfnews.com/news/uae/crime/watch-dubai-police-recovers-dh7m-from-bitcoin-heist-1.2213314