so somebody is offering me bitcoins ridiculously cheap. and he's probably trying to scam me. but it's too good of an offer, i have to see what's up.
how many confirmations is safe? (i'm buying 40btc)
i'm gonna meet him in a bank to be safe. and not gonna hand him any cash until i get the btc.
anything i should be concerned with?
how many confirmations is safe? (i'm buying 40btc)
i'm gonna meet him in a bank to be safe. and not gonna hand him any cash until i get the btc.
anything i should be concerned with?
read this: https://bitcoin.org/en/developer-guide#verifying-payment about number of confirmations.
what you are doing is the safest way of trading bitcoin especially since you are using cash and doing the trade in a safe place (a bank).
what comes to my mind:
- 40BTC is nearly $25K make sure your bank gives you that kind of money and doesn't become suspicious of this kind of cash withdrawal!
- for this kind of size I suggest waiting 6+ confirmation (too paranoid but) check the social media to see if bitcoin is still the same as before for example this from 2015
- bring your own trusted device (phone laptop,...) and check the transaction from trusted sources
- also make sure you are not gonna get mugged after you leave the bank! going with a bodyguard can solve this
