Topic: Concerns about 2 localbitcoins sellers (Read 663 times)
Go with your gut. Walk away from the transactions.
Hoping for a price drop when the Chinese and the rest of the world sell off their btc as we approach Jan 31, I am evaluating a couple of locabitcoins sellers in terms of pricing, their requirements, feedback, etc. General advice says to choose a pro trader with 100+ successful trades, 100% feedback, etc. but I have concerns about 2 of these sellers. Let me elaborate.
seller #1: Currently the lowest price for cash deposit in Canada, this seller's cash deposit terms request a photo of the deposit receipt with the buyer's username, email address and the escrow code, then ask the buyer to mark payment as complete, then the coins are released. I think the seller is putting the buyer at risk by communicating their username AND email address because what if they use, pass your email address to someone with bad intentions or someone intercepts the photo with this info and tries to break into your localbitcoins and/or email address account? Obviously for safety reasons you should have 2FA enabled on both accounts if you agree to send all the requested details to this seller but I think it introduces too much risk for a slight savings. What do you guys think?
seller #2: Another seller is someone who is active on this forum and recently received a complaint on their localbitcoins feedback and on their forum from a buyer who claimed that the account # the seller communicated was wrong, that the buyer had to go to 2 banks and both times the tellers told him the account #s were wrong, made allegations that the seller buys and sells to himself to boost his feedback record falsely etc. Sometimes I wonder if it's possible for people to create multiple localbitcoins profiles and actually buy and sell to themselves, or whether the buyer's claims are false.
If you want to read more, see their forum's Canada topics. While I think the buyer's claims are dubious, one thing is true: I contacted the seller a month ago through PM here about his pricing (which used to be almost 30% margin over cavirtex - his margin has recently dropped) and to make a deal, but never received a reply.
seller #1: Currently the lowest price for cash deposit in Canada, this seller's cash deposit terms request a photo of the deposit receipt with the buyer's username, email address and the escrow code, then ask the buyer to mark payment as complete, then the coins are released. I think the seller is putting the buyer at risk by communicating their username AND email address because what if they use, pass your email address to someone with bad intentions or someone intercepts the photo with this info and tries to break into your localbitcoins and/or email address account? Obviously for safety reasons you should have 2FA enabled on both accounts if you agree to send all the requested details to this seller but I think it introduces too much risk for a slight savings. What do you guys think?
seller #2: Another seller is someone who is active on this forum and recently received a complaint on their localbitcoins feedback and on their forum from a buyer who claimed that the account # the seller communicated was wrong, that the buyer had to go to 2 banks and both times the tellers told him the account #s were wrong, made allegations that the seller buys and sells to himself to boost his feedback record falsely etc. Sometimes I wonder if it's possible for people to create multiple localbitcoins profiles and actually buy and sell to themselves, or whether the buyer's claims are false.
If you want to read more, see their forum's Canada topics. While I think the buyer's claims are dubious, one thing is true: I contacted the seller a month ago through PM here about his pricing (which used to be almost 30% margin over cavirtex - his margin has recently dropped) and to make a deal, but never received a reply.
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