Post
Topic
Board Project Development
Re: 3 Questions directed towards Cash Traders (2 min of your time for a P2P Project)
by
o_e_l_e_o
on 22/02/2021, 16:18:48 UTC
1. How do you decide if a cash trader is trustworthy ?
Age of account on platform, number of trades performed on platform, feedback rating on platform. Plus the general feel I get from chatting with them.

2. For you, what is the most secure way to do a cash in person trade ?
Somewhere neutral and public with plenty of other people around. Perhaps somewhere with security cameras for extra safety. A large shopping mall or large transport hub (airport, train/tram/metro hub, etc.) for example. Take a friend and don't carry more valuables than is necessary. In terms of preventing counterfeit bills, I might ask the other person to withdraw the money from an ATM at the time of the trade. There are obviously ATM limits, but if I'm trading large amounts then I'm not picking someone I've never traded with before - I'm instead picking someone I know and trust from previous trades.

3. How do you currently find cash traders to trade with ? If you use a platform, write which one and one thing you would like to be done differently on this platform?
Bisq. More traders and volume!



We don't want to provide escrow since we cannot verify the payment.
Then I'm probably not going to use your platform over Bisq. The trustless 2-of-2 escrow it uses is a benefit over no escrow at all, particularly for face to face trades, and also deals with the issue of either having to hang around with the other party waiting for a confirmation, or leaving with zero confirmations and the potential to have the transaction double spent.