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Shamelessly summarized from this extensive guide on local transactions: You want to meet in a sufficiently public location, such as a pub or mall, preferably one that has an open wifi. If you have agreed on terms in beforehand, print out what you agreed upon and take it with you. If you have not agreed on terms yet, be sure to check the current price of ...


10

Note: This is a US-centric answer. Other countries may differ. I'll add other countries as people leave comments. There is an arbitrary limit of $1,000 per person per day that triggers the necessity to register as a money service business. Stay under that FinCEN is unlikely to care about you, although you still may legally need to register for smaller ...


5

LocalBitcoins.com features a transaction service which guarantees that bitcoins have arrived to your LocalBitcoins.com wallet. You get a secret code when the bitcoin seller enables transaction service (escrow enabled) on the trade When the bitcoin seller releases the transaction the seller gets SMS with the your secret code Ask the seller and if he/she ...


4

The address that you are using starts with bc1 and is a bech32 address. Many online wallets still do not support this form of address, which is the reason you are getting the invalid Bitcoin address error. If you want to use segwit and still be compatible with these online wallets that do not support bech32, you can use a P2SH(P2WPKH) addresses that begin ...


3

The money has been placed under the control of the recipient. There is no way to undo a transaction. Even when the recipient declines to perform the service being paid for. If you overlooked or misunderstood their terms and conditions, they may feel it is for you to bear the costs of rectifying your mistake. You cannot get back the money directly yourself, ...


3

I'm afraid this is how Bitcoin works, and there is little we can do about it. Think of it like a bank transfer you initiate on a Friday, it has to be processed by the bank at some point in time, only banks do not settle transactions during weekends, and large backlogs will further delay the processing. Now replace the centralized bank, with the Bitcoin ...


3

I'm not a lawyer. In the U.S., the lack of mens rea in your example would not cause you to have violated any laws. As a person selling your coins, it is not your responsibility to determine your buyer's intentions. Of course, this is not quite so simple. Money transmitters have regulations that include AML/KYC (know your customer) requirements which ...


2

The laws that apply depend on your country of residence. There usually exist some sort of Know Your Customer (KYC) regulation which requires you to check the background if the sum in the trade is very large or your customer has odd buying patterns and you should suspect illegal activity. Also if you trade money professionally you might need to acquire some ...


2

First of all, there is no need for importing your private keys anywhere else if you want to keep them safe and inaccessible by third parties such as localbitcoins.info. You can simply create Output transaction from your desktop PC from MultiBit wallet to the public key that is presented in your account on localbitcoins.info. For more information how to ...


2

This is specific to LocalBitcoins. From the website, In order to divide the costs of handling Bitcoin transactions in a fair manner we are introducing deposit fees for incoming transactions. At the same we will lower Bitcoin sending fees for all customers. Deposit fees will be larger than the new sending fees, generally we expect it to be ...


1

It's possible to get your price equation via their API: https://localbitcoins.com/api-docs/#ads As well as the price at which each of the trades are locked in at: https://localbitcoins.com/api-docs/#dashboard It should be possible to write a script to scrape this data and calculate the btc_in_usd value using this. (I'm sure this information is available ...


1

Since the LocalBitcoin wallet doesn't have a private key import function, you can't shorten the number of steps. You can use Electrum, it's very popular and it has both "import" and "sweep" functions. If you don't want to trust it (I do trust it, unless the computer has malware) you can use it on an airgapped computer. That's all you need ...


1

This transaction had more than 50 inputs resulting in a bigger virtual size so had to pay more fees. Tx: https://btc.bitaps.com/dea92494d9f5e22bfc5834963a161e906735cd04cefbd3b82ec390fceff1626a/38Q5TNhLdbZzKfnHVmdFgLXxaoTMipJgjp Virtual size: 4003 Fee rate used: 60 sat/vByte Total fees: 240180 sats or 0.0024 BTC BTCUSD right now: 24000 Fees in USD: 57 How to ...


1

LocalBitcoins is a service that allows you to trade BTC with real money. The difference between it and other exchanges is that LocalBitcoins staff themselves don't buy or sell, but its users set their trading fee, price, and the currency, and to buy or sell bitcoins the site allows you to find a merchant-user. A local Bitcoin does not exist. The BTC ...


1

Create a backup of your current wallet.dat file. Check this is you don't know where the file is stored. Check debug.log in your bitcoin datadir, see if there are any errors, ask somebody, post here, post on IRC Start bitcoind or Bitcoin-Qt with command line argument -salvagewallet (if you don't know how to run a Application with command line arguments, try ...


1

You can buy a Target or Walmart gift card and trade it for Bitcoin in https://cardforcoin.com/


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