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 ...
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 ...
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 ...
LocalBitcoins.com has person-to-person PayPal trading:
There are also discussion forums where people frequently discuss about PayPal, avoiding fraud there, etc. Here is an example:
I can't talk about other ATMs but in BTCPoint (The Bticoin ATM of Barcelona) works the following way:
The user want to SELL bitcoin
The bitcoin machine provides a fresh new public address for the transfer
The user sends the bitcoins to that address
Bitcoin network detects the transfer sent and issues a ticket with a confirmation code
The user waits for some ...
You have to think about it simply, its exchange service lets consider that they're exchanging potatoes for tomato instead of Bitcoin for money.
you've bought 50 kilos of potatoes from a farmer, a customer gave you 2 kilos of tomato for 1 kilo of potatoes and go on, the farmer here is mining pools which is the main source of bitcoins.
So I would say Mining ...
Exchange-based transactions, ;
Exchanges bring together brokers and dealers who buy and sell these objects. These various financial instruments can typically be sold either through the exchange, typically with the benefit of a clearinghouse to cover defaults, or over-the-counter (OTC), where there is typically less protection against counter-party risk ...