LocalBitcoins Reputable? | Bitcointalksearch.org

viking02

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Quote from: philiveyjr on June 27, 2016, 11:57:31 AM

Quote from: viking02 on June 26, 2016, 10:54:26 PM

Can you name me the non reversible methods on localbitcoin?

I assume its

1. cash deposit in bank... but only once the bank closes? Thus do you release bitcoin that night? Or when?

2. online wire. However, there could be possibility of fraud.

1. Depends on what country you are from. But in my country, we can send bank transfers anytime of the day. Its called IMPS .I am sure in todays world, most of the banks allow that as well.

2. Yes it can be from a fradulent source, but since the traders are reputed, you are not in the risk when buying. While selling, they sure have evidence from the receipts and all.

from the us... have us bank accounts. But located in mexico. Thoughts?

philiveyjr

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Quote from: viking02 on June 26, 2016, 10:54:26 PM

Can you name me the non reversible methods on localbitcoin?

I assume its

1. cash deposit in bank... but only once the bank closes? Thus do you release bitcoin that night? Or when?

2. online wire. However, there could be possibility of fraud.

1. Depends on what country you are from. But in my country, we can send bank transfers anytime of the day. Its called IMPS .I am sure in todays world, most of the banks allow that as well.

2. Yes it can be from a fradulent source, but since the traders are reputed, you are not in the risk when buying. While selling, they sure have evidence from the receipts and all.

viking02

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Can you name me the non reversible methods on localbitcoin?

I assume its

1. cash deposit in bank... but only once the bank closes? Thus do you release bitcoin that night? Or when?

2. online wire. However, there could be possibility of fraud.

philiveyjr

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Reputable yes. Safe always ? No. Its just an escrow system, so their reputation should probably not even come into question. The sellers are who have to be reputable for you to buy from. Just stick to non reversible methods despite reputation and you should be fine with their escrow service.

844bankbtc

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A fool and his bitcoin are soon parted.

I would say 80% of the trades on localbitcoins are actually done online. Any form of electronic payment other than bitcoin is reversible. There are a ton of scams involving bank deposits and transfers. Including people stealing your info and selling it online.

This may help you learn more if you think you can be a seller
http://www.844bankbtc.com/bitcoin-selling-mistakes/

viking02

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do most of you who use lbc actually meet ppl in person? Or more than half just do it online?

The thing is i would want to sell bitcoin for a small vig as well. The thing is i would prefer to receive payment via bank transfer but then ... ppl say its reversible.

Is there a list of reputable trades on localbitcoin where feedback is 100 percent legit? The thing is im sure certain accounts could have fake feedback from ppl who are trying to scam. Or possibly someone hacking their account or something like that.

ravens

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Localbitcoins itself is reputable. Some of the traders in LB aren't, and some of them are. You just have to weed out the scammers from the reputable people.

Altynbekova

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Quote from: eternalgloom on May 19, 2016, 09:08:09 AM

Quote from: GermanFoobla on May 17, 2016, 09:23:16 AM

Localbitcoins can be trusted without a doubt they are very trusted and you can also trust the dealers on it.
You can even meet them in real life to make a deal with them.

I would never give advice like that, you're basically saying that you should trust anyone selling Bitcoins on there, not good advice.
Even when meeting someone in real life could be troublesome, they could rob you.

They could rob you indeed but the fact is that there are reviews, so the most can be trusted and do not make it to dramatic no one ever been robbed on this website..

eternalgloom

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Quote from: GermanFoobla on May 17, 2016, 09:23:16 AM

Localbitcoins can be trusted without a doubt they are very trusted and you can also trust the dealers on it.
You can even meet them in real life to make a deal with them.

I would never give advice like that, you're basically saying that you should trust anyone selling Bitcoins on there, not good advice.
Even when meeting someone in real life could be troublesome, they could rob you.

Bitcoinbee

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Indeed localbitcoins are best when it comes to trading huge amount of btc. They've invited me to come over before the trade to verify and witness the status of the dealer and showed me how fast it is being processed by way of bank deposit.

Bitcoinbro

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I never used them by myself but they are okay, a friend of my said it was a good service he met with the dealer in real life and made a good deal with some fee's.
When I heard that I could conclude that they are okay and can be trusted.

bittrojan

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No doubt,localbitcoins is the first and number one bitcoin exchange,people start trade bitcoin there in early time since bitcoin founded,and its good for you to trade with people on there,just make sure you pick trusted buyer or seller.

Bitcoinbee

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Quote from: Cyaren on May 18, 2016, 01:01:32 AM

Quote from: Amph on May 18, 2016, 12:58:28 AM

yeah but better to not deal face to face with it, because there fiscal agents that search for those that don't have licence, so they can put them in jail, burt was arrested for this reason

Yeah, it's much better to deal over the internet. You're still protected by the escrow system, but there is way less chance that the police will get into your way while you trade.

Also keep in mind that when you deal face to face, by default you are not covered by escrow. So there is a relatively high chance of you getting mobbed by someone. Always enable escrow whenever possible.

even with escrow when doing trading with a huge amount still do the transaction personally witnessing the completion of the trade. that's why scouting for legitimate traders which has authority in such trading is important.

Cyaren

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Quote from: Amph on May 18, 2016, 12:58:28 AM

yeah but better to not deal face to face with it, because there fiscal agents that search for those that don't have licence, so they can put them in jail, burt was arrested for this reason

Yeah, it's much better to deal over the internet. You're still protected by the escrow system, but there is way less chance that the police will get into your way while you trade.

Also keep in mind that when you deal face to face, by default you are not covered by escrow. So there is a relatively high chance of you getting mobbed by someone. Always enable escrow whenever possible.

Amph

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yeah but better to not deal face to face with it, because there fiscal agents that search for those that don't have licence, so they can put them in jail, burt was arrested for this reason

Bitcoinbee

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Quote from: GermanFoobla on May 17, 2016, 09:23:16 AM

Localbitcoins can be trusted without a doubt they are very trusted and you can also trust the dealers on it.
You can even meet them in real life to make a deal with them.

yes i had experienced it with satisfaction that indeed when you know with whom you deal with eventually you will have successful trades.

GermanFoobla

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Localbitcoins can be trusted without a doubt they are very trusted and you can also trust the dealers on it.
You can even meet them in real life to make a deal with them.

Bitcoinbee

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Quote from: BitBerau on May 16, 2016, 02:08:30 AM

Quote from: Cyaren on May 16, 2016, 02:02:21 AM

Localbitcoins is a reputable escrow site itself.

If you're looking to deal with large amounts, make sure you do so with very trustworthy people.You should always meet up in a very public place where you can always call for help if needed. Also, wear proper clothing so that if a chase is needed, you can run.

Anyway... As I said, always check their trade history as well as their trust rating. Also, never send until you can confirm that you have received the right amount.

Do you know that many people do trades with their own accounts, so they get a high trust rating, or they buy high trusted accounts and then scam others.

If you want to sell/buy bitcoins anywhere, I advise u to go to: https://btc2bid.com/Product

I have trusted localbitcoins since trading with them was fair enough. Their trust rating for me is very high enough to trade at anytime.

Slark

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Well, it seems like the service itself is reputable and honest. But I heard stories and seen many posts on BTT about bought localbitcoins account purchased either as throwaway account to conduct a scam
or by legit users who just wanted to shortcut their way and to have serious reputation (albeit earned by somebody else) to be able to trade on LB right from the start.

BitBerau

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Quote from: Cyaren on May 16, 2016, 02:02:21 AM

Localbitcoins is a reputable escrow site itself.

If you're looking to deal with large amounts, make sure you do so with very trustworthy people.You should always meet up in a very public place where you can always call for help if needed. Also, wear proper clothing so that if a chase is needed, you can run.

Anyway... As I said, always check their trade history as well as their trust rating. Also, never send until you can confirm that you have received the right amount.

Do you know that many people do trades with their own accounts, so they get a high trust rating, or they buy high trusted accounts and then scam others.

If you want to sell/buy bitcoins anywhere, I advise u to go to: https://btc2bid.com/Product

Topic: LocalBitcoins Reputable? (Read 2300 times)