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Topic: localbitcoin steals me? - page 3. (Read 447 times)

member
Activity: 136
Merit: 20
January 07, 2020, 09:16:29 AM
#10
complex question

  answer is do you have a full copy of old

T&C?

print it out and show it here.

if you don’t have the old T&C. you have zero case.

if you have the old T&C. we could read it and see if they have the right to change and force new rules on you.


my guess is you will lose your coin if you don’t comply to new T&C

as the old one will have a line that allows them to alter t&c.

therefore you will need to comply to get the coin.


i also think  🤔 the question belongs in service discussion not here.

The problem is not if I have a copy of the old t & c
The problem is that localbitcoin prevents the withdrawal of funds
Localbitcoin can change the rules.
But he can't steal my money
localbitcoin cannot force a user to accept a change
localbitcoin may deny the user the use of localbitcion
But don't steal the money ...
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
January 07, 2020, 07:25:42 AM
#9

as the old one will have a line that allows them to alter t&c.


I'm sure that they have this kind of line in there old T&C which most of bitcoin services usually include to protect there company in case shit happened. By the way localbitcoins approached by force implementation of new T&C to all user, I guarantee that they are holding that kind of cards in there sleeve. Most of new user didn't read Terms before clicking the register button including me.

I believe the only key to solve this issue is to follow the new T&C or else OP should accept what he is claiming for loss. I hope OP have the copy of old Terms and condition.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
January 07, 2020, 07:10:39 AM
#8
~snipped~

Might something is missing here. What exactly did they tell you? Is this just all about that KYC thing or there are other issues?

Anyhow, if you want to get back your funds, accept their condition and undergo KYC. No choice but to comply with it.

If you don't want, then you have to say goodbye to your funds. I doubt an alternative to that will be allowed by Localbitcoin.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
January 07, 2020, 07:04:50 AM
#7
Shouldn’t they give you the option to not accept the new T&C, close your account and give your coins back? I don’t think they have any legal grounds to make you accept it or lose your money.

You are correct and your line of thinking makes sense.
But probably in the old T&C, which he agreed, gave the exchange the power to changes terms at any time and to hold his coins...

Anyway, another perfect reason on why you shouldn't unnecessarily leave funds on custodial platforms.

Certainly.
When you leave money in custodial services you may not only lose it if the custodial services disappear, but also have your account frozen for many reasons.
Authorities may decide to investigate the custodial service and frozen funds. Authorities or exchange may decide your account is "suspicious" until you do KYC. Or the terms may change, just like in the OP's case.

Ideally nobody should hold any funds in custodial services, only when you need to buy/sell, and immediately remove them after you complete your transaction.
hero member
Activity: 1008
Merit: 531
January 07, 2020, 06:44:38 AM
#6
Shouldn’t they give you the option to not accept the new T&C, close your account and give your coins back? I don’t think they have any legal grounds to make you accept it or lose your money. Try contacting them with this alternative if you don’t mind getting your account terminated (you will need the KYC anyways to continue with it).

I certainly agree.

However when it comes to the issue of KYC (if that is what OP is worried about) then I think the chances that LBC will budge will be relatively slim, due to the fact that they'll constantly refer back to the significance of KYC/AML procedures. There is no point going the legal route either because a) the amounts involved are so small and b) you will have to obviously identify yourself.

And I'm sure that there are clauses in the old T&Cs that state they can request KYC docs any time, which makes the situation more sticky. The best you can do is negotiate at this point.
hero member
Activity: 1330
Merit: 569
January 07, 2020, 06:15:45 AM
#5
localbitcoin steals me?

I have got 0.04233733 btc insite localbitcoin
I tried to withdraw
localbitcoin doesn't allow
localbitcoin has changed T&C and tell me
if you want your money accept the conditions
I do not want to accept imposed conditions
I may not accept
localbitcoin can close my account if wants
but localbitcion must allow me to withdraw my money before

but no...

to localbitcoin

I have to accept the conditions yes or yes or bye bye muy bitcoin...

localbitcoin steals me?

While I understand your grouse against local bitcoin, unfortunately, there is nothing that can be done about it. They can change their Terms and Conditions as they wish and they even don't have to notify you but they would because I know anytime there is going to be a major update such as this, they send a notification to all their customers.

So, you have one option either to forget about the money and the KYC or fill the KYC and have access to your funds, there is no alternative to that...
legendary
Activity: 2758
Merit: 6830
January 07, 2020, 04:23:17 AM
#4
Shouldn’t they give you the option to not accept the new T&C, close your account and give your coins back? I don’t think they have any legal grounds to make you accept it or lose your money. Try contacting them with this alternative if you don’t mind getting your account terminated (you will need the KYC anyways to continue with it).
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 07, 2020, 04:18:40 AM
#3
I mean, I don't think you have any other choice. The new T&C requires KYC/AML documents to be submitted, right? If so, unfortunately you're probably going to need to submit the required documents to gain back access to your funds.

Anyway, another perfect reason on why you shouldn't unnecessarily leave funds on custodial platforms.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
January 06, 2020, 10:41:11 PM
#2
complex question

  answer is do you have a full copy of old

T&C?

print it out and show it here.

if you don’t have the old T&C. you have zero case.

if you have the old T&C. we could read it and see if they have the right to change and force new rules on you.


my guess is you will lose your coin if you don’t comply to new T&C

as the old one will have a line that allows them to alter t&c.

therefore you will need to comply to get the coin.


i also think  🤔 the question belongs in service discussion not here.
member
Activity: 136
Merit: 20
January 06, 2020, 09:28:14 PM
#1
localbitcoin steals me?

I have got 0.04233733 btc insite localbitcoin
I tried to withdraw
localbitcoin doesn't allow
localbitcoin has changed T&C and tell me
if you want your money accept the conditions
I do not want to accept imposed conditions
I may not accept
localbitcoin can close my account if wants
but localbitcion must allow me to withdraw my money before

but no...

to localbitcoin

I have to accept the conditions yes or yes or bye bye muy bitcoin...

localbitcoin steals me?

***

localbitcoin has my national identity document.
It is not identification. It is rejection of change of coditions
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