1. I wonder how they can track their user using localbitcoins, i bet they have very good tracking app
2. Don't use circle / coinbase anymore, better use another wallet like mycelium (android) / electrum (PC)
Topic: Circle and coinbase shuts down if coins are sent to LBC? (Read 1842 times)
I bet the afraid localbitcoins will take away their customer from using their buy/sell bitcoin service
1. I wonder how they can track their user using localbitcoins, i bet they have very good tracking app
2. Don't use circle / coinbase anymore, better use another wallet like mycelium (android) / electrum (PC)
1. I wonder how they can track their user using localbitcoins, i bet they have very good tracking app
2. Don't use circle / coinbase anymore, better use another wallet like mycelium (android) / electrum (PC)
Show me where I can buy without the markups
Not on Coinbase. If you pay and price goes down by the time when you get the coins - you lose money. If you pay and price goes up by the time when you get the coins - Coinbase cancels your transaction and returns dollars.
well...how else do I purchase coins instantly at or near market price?
LocalBitcoins don't work in your area?
well...how else do I purchase coins instantly at or near market price?
LocalBitcoins don't work in your area?
You guys use Coinbase? Looks like MtGox wasn't enough...
well...how else do I purchase coins instantly at or near market price? 
You guys use Coinbase? Looks like MtGox wasn't enough...
I can see the attractiveness of them, after all they are "insured". But yeah I personally don't trust them with my bitcoins either.
You guys use Coinbase? Looks like MtGox wasn't enough...
I've sold hundred of dollars on lbc with coin bought directly from coinbase. I think it depends on the customer trend. I have been with them for almost 3 years now so they don't bother me for anything. I also fund my poker gambling or sports with bitcoin from coinbase. No problems at all.
anyway to go around this? I purchase a lot of bitcoins through them and I don't want to stack up on mixing fees...
I wonder if I put them onto my personal blockchain wallet and send to LBC from there, would that be fine?
coinbase>personal wallet>LBC ?
or
coinbase>mixing service>LBC?
I want to avoid paying the fee because I heard it was like 3%-5%?
I wonder if I put them onto my personal blockchain wallet and send to LBC from there, would that be fine?
coinbase>personal wallet>LBC ?
or
coinbase>mixing service>LBC?
I want to avoid paying the fee because I heard it was like 3%-5%?
Don't know how they link addresses to a person, if you send from coinbase to your personal but not used before wallet, how will they know that it's your own address or someone else's?
In-fact how do they know what addresses are used by LBC? When anytime you deposit to LBC, you're given a new address.
anyway to go around this? I purchase a lot of bitcoins through them and I don't want to stack up on mixing fees...
I wonder if I put them onto my personal blockchain wallet and send to LBC from there, would that be fine?
coinbase>personal wallet>LBC ?
or
coinbase>mixing service>LBC?
I want to avoid paying the fee because I heard it was like 3%-5%?
I wonder if I put them onto my personal blockchain wallet and send to LBC from there, would that be fine?
coinbase>personal wallet>LBC ?
or
coinbase>mixing service>LBC?
I want to avoid paying the fee because I heard it was like 3%-5%?
By the Way What Is LBC, I listened Some where that they Banned If if you use your account in gambling site. if you sent many transaction to the Gambling Site.
LBC is LocalBitcoins.com and I know Coinbase shuts down your account if you send or receive money in your Coinbase wallet from any Gambling site, don't know about Circle though.
They can't if you mix your coins properly.
Yeah, I don't have a Coinbase but people who do can use Bitmixer.io and they won't be able to track it down.
It's their right to monitor your transactions and to close your account for any reason.
It's sad because Coinbase has a lot going for it, but actively analyzing the blockchain and arbitrarily deciding on which TXs are illegal in their book is sort of reason enough for me to boycott using them.
By the Way What Is LBC, I listened Some where that they Banned If if you use your account in gambling site. if you sent many transaction to the Gambling Site.
I want to know how would they know exactly? If I purchase some Bitcoins at coinbase and then do this:
Transfer them to My-Wallet >Mixing-Service >My-other-Wallet >LBC
How can they track this? This is really stupid.
Transfer them to My-Wallet >Mixing-Service >My-other-Wallet >LBC
How can they track this? This is really stupid.
They can't if you mix your coins properly.
I want to know how would they know exactly? If I purchase some Bitcoins at coinbase and then do this:
Transfer them to My-Wallet >Mixing-Service >My-other-Wallet >LBC
How can they track this? This is really stupid.
Transfer them to My-Wallet >Mixing-Service >My-other-Wallet >LBC
How can they track this? This is really stupid.
Judging by this, there is already some sort of bitcoin addresses "blacklist" that is monitored ? Seams pretty funny, since you can always find a way around,
just deposite here and there , and resend to LCB or where ever you want.. what are they even trying to achieve with this rule is beyond me.
What makes LCB so dark that they would consider it "unlicensed money transmitting" and why not legaly attack LCB itself ? (i dont mean coinbase and circle, but the law behind thats making them do what they do)
cheers
just deposite here and there , and resend to LCB or where ever you want.. what are they even trying to achieve with this rule is beyond me.
What makes LCB so dark that they would consider it "unlicensed money transmitting" and why not legaly attack LCB itself ? (i dont mean coinbase and circle, but the law behind thats making them do what they do)
cheers
Exactly this. The best way to get around it would be a local wallet, as it would have no ties to anything. You could even create a new wallet every time if you wanted to, to avoid backups. Besides, any company that thinks blocking addresses is a legit way to treat their customers should be avoided in general. This is directly against the fungibility of bitcoin, which is one of its essential properties.
What makes LCB so dark that they would consider it "unlicensed money transmitting" and why not legaly attack LCB itself ? (i dont mean coinbase and circle, but the law behind thats making them do what they do)
I am guessing it is a way to avoid taxes if you trade so much out through it.
Judging by this, there is already some sort of bitcoin addresses "blacklist" that is monitored ? Seams pretty funny, since you can always find a way around,
just deposite here and there , and resend to LCB or where ever you want.. what are they even trying to achieve with this rule is beyond me.
What makes LCB so dark that they would consider it "unlicensed money transmitting" and why not legaly attack LCB itself ? (i dont mean coinbase and circle, but the law behind thats making them do what they do)
cheers
just deposite here and there , and resend to LCB or where ever you want.. what are they even trying to achieve with this rule is beyond me.
What makes LCB so dark that they would consider it "unlicensed money transmitting" and why not legaly attack LCB itself ? (i dont mean coinbase and circle, but the law behind thats making them do what they do)
cheers
I have sent coins all over including dice sites and localbitcoins with no problems. I never sent thousands at one shot but I did send a $100-$200 here and there. I do know they will ban you if they figure out your sending it to the dark market sites though.
Jump to: