Topic: How to know if a trader in Localbitcoins is not a fraud? (Read 476 times)
Ok. This is my first transaction so I dont really know. What if I transferred the money tomorrow via Western Union and gave him the mtcn number will he give me the BTC right away? Are the transfers via WU instant or do I need to wait for how many days?
Does it mean that he have already traded more than 10k usd? What if those trades are just made up and he's the one who's buying it? Then if someone buys a lot he'll scam the guy?
He cant do scam because escrow is enabled for all online deals. Check localbitcoins faq page to know how escrow works.
Does it mean that he have already traded more than 10k usd? What if those trades are just made up and he's the one who's buying it? Then if someone buys a lot he'll scam the guy?
Good news for you, prices went down.
Ps: localbitcoins is a good site, just use escrow there.
Trade volume means total amount of bitcoins he have sold there in those 70+ deals
Ps: localbitcoins is a good site, just use escrow there.
Trade volume means total amount of bitcoins he have sold there in those 70+ deals
I live in Philippines, but I want to buy in United States because the price of Bitcoin here are 1.3kusd. The other guy sells it at 950usd but he only have mBTC.
I'm planning to buy 3k usd of Bitcoins. How can I evaluate whether someone is a fraud? I plan to transfer the money via Western Union.
Here's the account:
Keops https://localbitcoins.com/accounts/profile/keops/[1] Colinas https://localbitcoins.com/p/colinas/[2]
It says that Keops have 70+ confirmed trade and there are feedbacks with noticeable trade volume.
What does noticeable trade volume means? Does it mean that he already traded more than 10k usd via online transaction?
Please explain to me.
I'm planning to buy 3k usd of Bitcoins. How can I evaluate whether someone is a fraud? I plan to transfer the money via Western Union.
Here's the account:
Keops https://localbitcoins.com/accounts/profile/keops/[1] Colinas https://localbitcoins.com/p/colinas/[2]
It says that Keops have 70+ confirmed trade and there are feedbacks with noticeable trade volume.
What does noticeable trade volume means? Does it mean that he already traded more than 10k usd via online transaction?
Please explain to me.
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