F2F cash deal

Discussion in 'Questions & Comments' started by MasterID, May 14, 2015.

  1. MasterID

    MasterID Member

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    Saw a sale thread and wonder how safe is it to meet face to face with $10k cash?
     
  2. yennus

    yennus Well-Known Member Silver Stacker

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    In Singapore? That's probably the safest place in the world to meet F2F with $10K cash.
     
  3. silver kook

    silver kook Active Member

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    Depends how good a fighter you are or alternatively how fast you can run.
     
  4. silverbait

    silverbait Active Member Silver Stacker

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    I have done transactions of 12 and 20K cash for cars.
    How safe was it for them to trust me with all that cash with not much time to check if they are legit?
    Cost benefits analysis, feedback, your financial loss tolerance will determine limits of safety I guess.
    If you dont feel good about it, juts skip it and move on is my advice.
     
  5. MasterID

    MasterID Member

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    The sales thread is F2F in Australia.
    Crimes happen in Singapore, many are not picked up by media.
    But I guess it is wise also to choose to transact in a bank after seeing the goods before withdrawing the cash.
    Then again, I was in China as a tourist at a bank to exchange close to RMB10k. I was followed by someone from the bank when I leave.
     
  6. yennus

    yennus Well-Known Member Silver Stacker

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    Heheh... apparently free speech is a crime in SG :)

    http://www.dw.de/amos-yee-guilty-verdict-highlights-free-speech-limits-in-singapore/a-18446157

    "Teenage blogger Amos Yee was found guilty by a Singapore court on Tuesday, May 12, of transmitting an obscene image and deliberately "wounding the religious or racial feelings of any person."

    ...

    With all the metadata that the government collects on every citizen, F2F deals should be very safe :)
     
  7. silvestor

    silvestor Member Silver Stacker

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    It depends on who you are dealing with really and if you have dealt with them before. Its safer to deal with someone that has been a member on this site for a number of years than someone who has not. It will also be safer to deal with someone with numerous positive feedback than with someone with no feedback, as a rule of thumb of course. Always be aware.

    Personally if I haven't dealt with a person I would try to organise a couple of meeting/transactions that way you are not putting all your eggs in one basket.

    Cheers
     

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