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Topic: Lbc Talk (Read 149 times)

hero member
Activity: 2338
Merit: 757
February 09, 2020, 05:29:05 PM
#4
Very recent I've traded btc V Pp on Lbc. btc stuck in escrow as payment sent from buyer didn't add up to amount and payment says (On Hold!) but received, I have no control of funds which is -5% difference, should I release or wait till I receive funds/have control.
Seems that am not the only confused by the two sentences in bold. Seems also that it's your first time trading in LBC.
Did you receive the money or not?
If yes, then you may release it manually or just forget about it as it will be automatically released after some time(-5% is the deducted fee i guess).
If not, then you shouldn't release the btc amount held in escrow before you receive your paiement(exact amount).
hero member
Activity: 2702
Merit: 672
I don't request loans~
February 09, 2020, 11:31:40 AM
#3
Just wait it out I suppose? When was the transaction made even? Just hold on to the escrow and don't release it, you should probably be fine and all. Probably just a delay or some sort for the buyer side, Idk. If issues still persist, you can try asking their support for what to do? They should probably be able to answer you. Well, even if they don't, you still have the escrow at your hands. Don't release it until you get the funds, just wait it out.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
February 09, 2020, 11:26:53 AM
#2
Very recent I've traded btc V Pp on Lbc. btc stuck in escrow as payment sent from buyer didn't add up to amount and payment says (On Hold!) but received, I have no control of funds which is -5% difference, should I release or wait till I receive funds/have control.

Lbc say's. 
              "How am I protected from being scammed?
All online trades are protected by escrow. When a trade is started the amount of Bitcoins for the trade is automatically reserved from the seller's LocalBitcoins Wallet. This means that if the seller runs away with your money and does not release your Bitcoins LocalBitcoins.com support can release the Bitcoins to you from escrow. If you're selling Bitcoins, never release the escrow before you know that you have received money from the Bitcoin buyer."

Thanks in advance for you're advice much appreciated ppl  Roll Eyes

So you were selling your bitcoins as it seems from your post. And where does it says "On hold" ?
Have you received the money ? If not, you should not release the escrow and report it to local bitcoins.
newbie
Activity: 22
Merit: 0
February 09, 2020, 10:32:24 AM
#1
Very recent I've traded btc V Pp on Lbc. btc stuck in escrow as payment sent from buyer didn't add up to amount and payment says (On Hold!) but received, I have no control of funds which is -5% difference, should I release or wait till I receive funds/have control.

Lbc say's. 
              "How am I protected from being scammed?
All online trades are protected by escrow. When a trade is started the amount of Bitcoins for the trade is automatically reserved from the seller's LocalBitcoins Wallet. This means that if the seller runs away with your money and does not release your Bitcoins LocalBitcoins.com support can release the Bitcoins to you from escrow. If you're selling Bitcoins, never release the escrow before you know that you have received money from the Bitcoin buyer."

Thanks in advance for you're advice much appreciated ppl  Roll Eyes
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