Post
Topic
Board Trading Discussion
Re: Noob question: Seems that getting currency to and from BTC is a total SCAM
by
SonofBits
on 16/05/2013, 04:26:41 UTC
meeting face to face seems like a pain, however I guess if you were doing it only once a month for lump sums then it's not so bad. If you met in a coffee shop do you literally just take a laptop and send them the coins while they're watching?
Yep, that is exactly how I do it.  Only I use my phone, not a laptop.  When selling I:

Make sure they have the cash with them, count it etc.
Read their QR code with my phone from their phone or laptop
Send the BTC to them
Chat have a tea or coffee while we wait a few minutes
When the BTC arrive in their wallet I pick up the cash and put in in my pocket
We shake hands and part, I may or may not get their first name - not important



Who traditionally pays for the earnest of tea and crumpets during the transmit and verify period? Or is it customary to share closing costs?  Tongue