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Because there is no chargeback option, the people you do Bitcoin transactions must be someone you trust like a friend in real life or company with a big online reputation so that you don't get scammed.For instance if am to sell bitcoin
Thanks for your advice, it simply that one needs serious research of a trusted exchanger or even an individual for such transactionsBecause there is no chargeback option, the people you do Bitcoin transactions must be someone you trust like a friend in real life or company with a big online reputation so that you don't get scammed.
Thanks so much for this information cos it not earning crypto currencies it very important to know the principle in buying and selling it and also confirmation of wallet address before sending any bitcoin or other coins. I have some thing new from your write upFor the transaction, crypto currencies are irreversible. Once send you can not get your money back unless the person that holds the wallet sends you the crypto coins back.
With trading locally I would keep in mind the confirmations (check if the transaction is confirming and not double spend) if you are the one receiving coins. Check on your own phone, because some people use fake apps to fake the transaction on their phone or computer (Do not download the program in the description) and earn your trust.
If you are the guy selling the coins only give the coins after you got your payment. Bank transactions, paypal and all that can or may be reversible, your crypto coins are not.
Dont get discouraged by all these problems, I recommend you find a trusted exchange on which you can trade your coins safely.
I had issues similar to this yesterday, I wanted selling my coin, so the buyer demanded I sent the coin first before he credit my account, I wasn't comfortable with that so I add to cancel the transaction. However I read about lionex. net in Mr B's offer so I want to check if the site can wire me my local currencyI believe one should always transact crypto transaction with trusted individuals or exchange especially sites that are trust worthy nobody will agree to send you coins first when you are one to exchange,you must send ours first so one so be very sure of the exchanger before releasing his or Her coins.
Thanks,@Lovely I will do that,the guy I initially wanted to transact with also as a website called coinwells.com, also an app in playstore, I wouldn't know if you've had of the site too and if it reliable@Medowriter if you are a Nigerian you can try moneytopgold on narialand though they also have a site online to deal with,I think they're reputable enough but you can check their thread and reviews on narialand before contacting them on their site.
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