What is the best way of buying / selling cryptocurrency face to face (F2F)?
How to do a Face to Face(F2F) Deal?
Measures to take while conducting a Face to Face deal
People dabbling in crypto are familiar with P2P – peer to peer. In P2P two parties connect and perform a trade either through p2p Platforms or through DVA. But all that is done through online and the recent bank dispute scam on crypto exchanges has made people consider Face to Face deals which I have personally found unnecessary uptil now.
Face to Face deals are risky and should be the last resort
What is Face to Face Deal
Face to Face Deal is a form of P2P deal where both parties decide to meet and exchange cryptocurrency with fiat currency. However, the risks associated with F2F deals can not be ignored such as stealing assets on gun point.
Safety Measures to Take during Face to Face Deal
The most ideal way of doing F2F is “don’t do a face to face deal” but if that’s unavoidable – as sometimes people are willing to buy USDT through “Cash” to avoid banking channels, let’s see what precautionary measures we can take to keep our assets :
- Use Escrow: Escrow service of Crypto Awaz DVA can also be used for a F2F deal.Using DVA during F2F provides added security for both the buyer and seller. Procedure of DVA F2F is shared below.
- Choose Your Counterparty Wisely: Do go through the online social media account of the person you are trying to deal with and try to deal with someone whose social media can give you a glimpse of what sort of a person you are going to deal with.
- Communicate Clearly: Agree on all terms beforehand, including the price, payment method, and meeting location.
- Meet in a Safe Public Place: Avoid secluded areas. Consider meeting at a Cafe or a well-lit, populated area with security cameras.
- Bring a Backup: If possible, bring a friend or colleague for added security.
- Trust But Verify: Double-check the amount and type of cryptocurrency before transferring. Never release the crypto until you have received the agreed-upon payment.
- Avoid 3rd Party: While doing Face to Face deal it is VERY important to receive crypto from the person who is sitting in front of you and send money to the person you are dealing with and if someone tells you that he has been sent by “someone else” and is dealing on your behalf , call that deal off, these are common F2F Scams.
- Be Discreet: Don’t advertise that you’re carrying a large amount of cryptocurrency.
- Beware of Social Engineering Scams: Scammers may try to pressure you or create a sense of urgency. Trust your instincts and don’t be afraid to walk away from a deal that feels off.
- Stay Informed: Educate yourself on common P2P scams you can always ask your queries on Crypto Awaz socials if you are not sure about something
- Verify Cash Deposit: You are going to sell your crypto in exchange of cash currency, be very mindful that spoof/fake currency is very common and it is advisable that you organize the F2F deal inside your own branch bank and ask the buyer to make a deposit in you bank so that fake currency can be ruled out.
F2F with Crypto Awaz DVA
You can utilize Deal via Admin(DVA) for a Face to Face (F2F) deal as they provide added safety and security, rundown of a F2F deal through DVA :
- F2F DVA deals are preferred in Crypto Awaz Discord #buy-sell channel
- Buyer / Seller will agree on the initial details i.e. rate , amount , time and place of meet
- Once initial details have been worked out , they will tag @Staff , who will setup a dedicated channel well before the initiation of the deal.
- Before the buyer/seller move for their intended place of meet, Seller will send Crypto / USDT to Staff as Escrow and Staff will confirm that he has received crypto asset.
- Once the buyer/seller meet, buyer will hand over the money , which buyer will inform in the dedicated chat channel and seller will confirm.
- Seller will leave with the money and we will be given some time to be in a safe place and then confirm again after which crypto assets will be released to the buyer
Note: It is responsibility of the seller to verify the fiat currency before leaving meet location. No counterfeit claims will be entertained afterwards.
