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 Securing Private Trades, Trusting in a trust-less world?

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TSSimon23
post Oct 1 2018, 04:19 PM, updated 6y ago

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Joined: Sep 2018
From: Kuala Lumpur


Hi there,
curious how you conduct private crypto transaction. I read a couple of times now that people trade crypto for cash.
I have to say all my trading was done through exchanges so far and I never felt the need to trade BTC to a stranger for cash (or the reverse).

If you are a cash trader how do you secure the transaction? How do you make sure you either get the cash or the coin? Given the low transaction speed especially on the BTC network I wonder who takes the risk of the other party dashing with the coin (or cash)?


 

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