I am going to buy bitcoins for the first time from a seller on LocalBitcoins. He says that funds can be transferred via internet banking. He seems to have good feedback, 9+ reviews but I am kind of nervous. What exact steps should be followed for a smooth transaction? My plan is:
- Send him my wallet address, and then wait for him to transfer the bitcoins.
- Upon successful transaction, I send him the required amount through an online bank transaction.
I hope I am doing this right. Please advise.