Local Trader, how To, mycelium

All in all, this analysis makes it really hard for a trader to cheat you if the confidence is at 99, but it is not a guarantee. I set up a trade account advertising that I would only sell very small amounts of bitcoin, locally, and with free education for newbies. If they find a price and a trader they are willing to deal with, they just hit the Buy (or Sell) button and initiate a chat to discuss when and where they could meet. This is only going to get worse and it will quickly make the mycelium local trading useless if it is so infested by scammers that its not worth even setting.

Mycelium - Official Site

Press on an active trade to open it if you wish to continue the conversation, or to abort the trade. Tested BY hundreds OF thousands OF users. The buyers and sellers reputation is changed automatically based on the number of successful or aborted trades. If you are in doubt wait it out.

Mycelium Local Trader, alternatives and Similar Apps

Otherwise press Stop Trade to quit the trade without a reputation penalty. When I sell coins, which address am I sending coins from? You can use the camera icon on your Balance tab to access Cold Storage Spending feature to spend bitcoins from a paper wallet, it is also accessible from the other tabs when selecting the drop down menu at the top right corner. From that list they can check prices, get more info on the traders, and even look them up on a map. If you accept the offer and then Abort the Trade later, you may be hit with a reputation penalty for not following through on your trade.

Mycelium Local Trader is Now Available!

A good option is to specify the place where you want to meet (local cafe, bank foyer, etc). You can compile and roll your own. Right now it's starting to operate like posting an ad on craigslist and getting spammed with scammers as soon as you.

Mycelium Bitcoin Wallet - Apps on, google Play

Mycelium has recently come out with a feature for their Android wallets called Local Trader, which allows people to buy and sell bitcoins locally, in person, with cash. I have been contacted by people who live nowhere near me and want to do PayPal transactions. You receive your bitcoins to the address that was selected in your wallet when you initiated the trade. No features added, bitrated, a place to view reputation and verify social media accounts as well as provide arbitration for trades.

Mycelium local trader infested with scammers?

You can also highlight your sell order and select Deactivate in the menu above to temporarily disable your sell offer without deleting. choose your favorite block explorer - warn about possible easier to be double spend transactions (RBF) and unconfirmed parent transactions - Deterministic signatures for Bitcoin transactions (RFC6979) - cold-spend from BIP38 NFC tags (body implants anyone?) - compact QR Codes (BIP73 explanation for permission. The wallet will not allow the seller to accept a deal if the wallet does not have enough coins. If Mycelium servers were to be hacked and data stolen (or logs were requested by authorities the only things that would be exposed are the traders nicknames and bitcoin addresses, and a general rough location of wher e the sell and buy offers are available.

With Buy, ads, Mycelium Local Trader Becomes a Fully

To enhance privacy, Local Trader uses a coarse location based on your network address, or an approximation near the address you manually enter. Once the confidence graph reaches 99, you are free to part, being fairly certain you will receive your bitcoins within the next mined block (though you can wait for a block anyway if you wish to be 100 sure). Use either, the keyboard button to type your city or address (Use city for more privacy).