I've never made a bitcoin transaction so this will be my first, need some advice!
i need to pay in cash, $500 worth of USD to buy bitcoins
is this the way i should do this and standard?
we meet in public place
i show him the cash
he transfers to my wallet
i verify it's in my wallet
i hand over the money
please let me know what you suggest is the best way to protect myself
if you do that you need to wait until your bitcoin get confirmed because you don't know when your bitcoin transaction will failed and back to the sender due to few factor,1 confirmation is enough but 2 confirmation is better