Localbitcoins looting the money - page 3.

carlfebz2

hero member

Activity: 2926

Merit: 722

Quote from: bitcoinisbest on July 09, 2017, 09:30:45 AM

Yes localbitcoin has started charging for incoming transaction which is not sure why they do it. I can understand of outgoing transaction, but why to charge for incoming transaction is the question. Many have started to shift the wallet from lb to different wallet.

Hope they remove the fees for incoming transaction.

Incoming transaction fee? Seriously? This is only my first time to hear such thing to use this service. When sending bitcoins you are obliged to set some fees in order for it to confirm but talking about incoming? What the heck whats the use/purpose of that fund.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Yes localbitcoin has started charging for incoming transaction which is not sure why they do it. I can understand of outgoing transaction, but why to charge for incoming transaction is the question. Many have started to shift the wallet from lb to different wallet.

Hope they remove the fees for incoming transaction.

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Quote from: ladydark on July 09, 2017, 08:21:57 AM

Hi, today i sent 0.00238 btc from my electrum wallet to my localbitcoins account.I have already paid transaction fee.I have received only 0.00154 btc in my localbitcoins account.So they have taken 0.0008 btc as incoming fee.So,dear all be careful while using localbitcoins.com for selling your hard earned btc.Just wanted to make you all alert of this loot.

This wouldn't be an isolated case. Even wallets like Xapo have fee for incoming small transactions.
http://in.xapo.com/fees/
They wouldn't want users to collect dust in their wallets.

Kprawn

legendary

Activity: 1904

Merit: 1073

Registering, buying, and selling Bitcoin is completely free. LocalBitcoins users who create advertisements are charged a 1% fee for every

completed trade. When using our merchant invoicing services a fee of 0.5% is deducted from the paid invoice amount of each invoice. Also Bitcoin

network deposit fee is deducted from the invoice amount, if the invoice is paid with an external transaction. What option did you take?

ladydark

hero member

Activity: 686

Merit: 500

Quote from: orarider on July 09, 2017, 08:24:21 AM

Quote from: ladydark on July 09, 2017, 08:21:57 AM

Hi, today i sent 0.00238 btc from my electrum wallet to my localbitcoins account.I have already paid transaction fee.I have received only 0.00154 btc in my localbitcoins account.So they have taken 0.0008 btc as incoming fee.So,dear all be careful while using localbitcoins.com for selling your hard earned btc.Just wanted to make you all alert of this loot.

Unbelievable, it's really too big. I never heard about incoming fee. It sounds silly, the recipient does not take any fees, that is the rule for performing bitcoin transactions. Clearly they are scams.

Yes bro,its shocking.

orarider

sr. member

Activity: 575

Merit: 250

Quote from: ladydark on July 09, 2017, 08:21:57 AM

Hi, today i sent 0.00238 btc from my electrum wallet to my localbitcoins account.I have already paid transaction fee.I have received only 0.00154 btc in my localbitcoins account.So they have taken 0.0008 btc as incoming fee.So,dear all be careful while using localbitcoins.com for selling your hard earned btc.Just wanted to make you all alert of this loot.

Unbelievable, it's really too big. I never heard about incoming fee. It sounds silly, the recipient does not take any fees, that is the rule for performing bitcoin transactions. Clearly they are scams.

ladydark

hero member

Activity: 686

Merit: 500

Hi, today i sent 0.00238 btc from my electrum wallet to my localbitcoins account.I have already paid transaction fee.I have received only 0.00154 btc in my localbitcoins account.So they have taken 0.0008 btc as incoming fee.So,dear all be careful while using localbitcoins.com for selling your hard earned btc.Just wanted to make you all alert of this loot.

Topic: Localbitcoins looting the money - page 3. (Read 1938 times)