impressive! how does it work? I am trying to understand how to safely do a transaction. ta! ☺️
First day and first time in New Zealand and I already exchanged BTC to cash with a complete stranger. Bitcoin is the people’s network.
Thanks for connecting nostr:npub1hrctsg2qwu5gsp65gvj29968z460g0th755jq92c8uaz620lewmq6qk525
Discussion
This was an on chain transaction that I did with Blue Wallet, which gives you self-custody. It's pretty easy actually. I don't know what you exactly want to know.
My bad I was not very clear with my question. Perhaps I misunderstood the process. Let me clarify.
How do you exchange btc to cash? Is it online or face-to-face hand in to stranger. Bear with me, noob here. ☺️
I usually go through people I got to know over the years online or who I have met at an event like a Bitcoin meetup or conference. I ask them if they know someone in their area who wants to change with me. And then meet these people. It's pretty easy. Important is that you can trust your peer. If you're on the btc receiving side, then wait for at least one confirmation on the blockchain before you hand over the cash.
this makes sense. ty for your patience and for sharing ☺️