<p>The most important to secure online transactions in bitcoin trade is that you use irreversible payment methods. Otherwise, the disparity between irreversible bitcoin transactions and reversible soft money transactions opens the bitcoin seller up for fraud. Reversible - irreversible payment method scale is called "<a href="http://stakeventures.com/articles/2012/03/07/the-may-scale-of-money-hardness-and-bitcoin" rel="nofollow">money hardness</a>".</p>

<p>The safe online payment methods include</p>

<ul>
<li><p><a href="https://localbitcoins.com/sell-bitcoins-online/cash-deposit/" rel="nofollow">Cash deposits</a> (thus far the safest, popular in US)</p></li>
<li><p><a href="https://localbitcoins.com/sell-bitcoins-online/okpay/" rel="nofollow">OKPay</a> (advertises itself to be irreversible, not available in US)</p></li>
</ul>

<p>Experienced traders are trading with very fraud sensitive methods like PayPal. However, they usually do identification checks or similar to further have guarantees against spammers.</p>

<ul>
<li><a href="https://localbitcoins.com/forums/#!/trading#getting-paypal-scammedive" rel="nofollow">Some tips how to avoid fraud with bitcoin and PayPal</a> (applies to all other payment methods too)</li>
</ul>

CC BY-SA 3.0
2013-08-19T15:17:42.480Z
Is OKPay only for US?
Pacerier
CC BY-SA 3.0
2013-08-19T20:06:00.997Z
There was a mistake: fixed that OKPay is **not** available on US
Mikko Ohtamaa
CC BY-SA 3.0
2013-07-31T14:51:34.663Z
Also if possible open up a separate bank account for holding the money related to bitcoin trading. Sometimes banks freeze accounts related to trading because of their own policies and hostility towards such actions. Though the risk may be low, you don't want to get your only credit card, etc. for hold.
Mikko Ohtamaa
CC BY-SA 3.0
2013-07-31T14:49:36.517Z
2013-08-19T20:05:43.747Z
2013-08-19T20:05:43.747Z
Mikko Ohtamaa
<p>I'm interested in selling Bitcoins online, probably through LocalBitcoins, but worried about getting scammed. Does anyone have  techniques to share regarding what worked well for them to sell BTC online?</p>

<p>I've looked at the OKPay, PerfectMoney, and MoneyPak <a href="https://en.bitcoin.it/wiki/Payment_methods" rel="nofollow">payment methods</a>. They seem like a hassle to setup. Do they work well?</p>

CC BY-SA 3.0
2017-07-02T22:52:05.240Z
Possible duplicate of https://bitcoin.stackexchange.com/q/17239/5406
Murch
<sell-bitcoins>
Good way to sell Bitcoins online?
David Silva Smith
# Good way to sell Bitcoins online?

(Asked by: username_0 on 2013-07-31)

I'm interested in selling Bitcoins online, probably through LocalBitcoins, but worried about getting scammed. Does anyone have techniques to share regarding what worked well for them to sell BTC online?

I've looked at the OKPay, PerfectMoney, and MoneyPak [payment methods](https://en.bitcoin.it/wiki/Payment_methods). They seem like a hassle to setup. Do they work well?

**Tags:** sell-bitcoins

> **Comments:**
> **username_1**: Possible duplicate of https://bitcoin.stackexchange.com/q/17239/5406  

---

## 1 answers

### Answer by username_2 on 2013-07-31. Score: 2

The most important to secure online transactions in bitcoin trade is that you use irreversible payment methods. Otherwise, the disparity between irreversible bitcoin transactions and reversible soft money transactions opens the bitcoin seller up for fraud. Reversible - irreversible payment method scale is called "[money hardness](http://stakeventures.com/articles/2012/03/07/the-may-scale-of-money-hardness-and-bitcoin)".

The safe online payment methods include

* [Cash deposits](https://localbitcoins.com/sell-bitcoins-online/cash-deposit/) (thus far the safest, popular in US)
* [OKPay](https://localbitcoins.com/sell-bitcoins-online/okpay/) (advertises itself to be irreversible, not available in US)

Experienced traders are trading with very fraud sensitive methods like PayPal. However, they usually do identification checks or similar to further have guarantees against spammers.

* [Some tips how to avoid fraud with bitcoin and PayPal](https://localbitcoins.com/forums/#!/trading#getting-paypal-scammedive) (applies to all other payment methods too)

> **Comments:**
> **username_2**: Also if possible open up a separate bank account for holding the money related to bitcoin trading. Sometimes banks freeze accounts related to trading because of their own policies and hostility towards such actions. Though the risk may be low, you don't want to get your only credit card, etc. for hold.  
> **username_3**: Is OKPay only for US?  
> **username_2**: There was a mistake: fixed that OKPay is **not** available on US  

---

