Topic: Localbitcoins , safe ? (Read 1532 times)
Actually i'm not use LocalBitcoin, but everyone looks like have a good experience with that, first thing you should do for transaction on LocalBitcoin is research first, don't only use LocalBitcoin feedback status only, try to find out on other site, like in this forum. because i ever see a guy who scammed by someone on LocalBitcoin, although the scammer have a good feedback.
And a safe place to buy bitcoins. Just know that you choose the seller.
i relize that but some of them actually buy accounts with high feedback just for scamming people , some of them even buy them from bitcointalk accounts
And a safe place to buy bitcoins. Just know that you choose the seller.
there is no absolute safe place. I also ask this question for their admin, they reply to me:
"Just start a dispute, and it is easy for us to understand who is providing fake evidence and who is telling the truth."
another word, your safe is in localbitcoins' hands.
"Just start a dispute, and it is easy for us to understand who is providing fake evidence and who is telling the truth."
another word, your safe is in localbitcoins' hands.
Ye well a dispute is useless if i understood because they won't refund you so im not sure what is it for (probably the other party getting banned aswell but that's not getting my money back)
My experience is that Localbitcoins is very dried out, no-one reacts to my adds anymore, it used to be 2/3 times a week, not a good sign....
there is no absolute safe place. I also ask this question for their admin, they reply to me:
"Just start a dispute, and it is easy for us to understand who is providing fake evidence and who is telling the truth."
another word, your safe is in localbitcoins' hands.
"Just start a dispute, and it is easy for us to understand who is providing fake evidence and who is telling the truth."
another word, your safe is in localbitcoins' hands.
the problem may come when you try to deal in real life with one of those guy on localbitcoin, which for all we know can also be a tax agent in disguise, then you can come across something like whathappened to Burtw
if you stay online with all your trading there shouldn't be any problem if you recieve bitcoin or use anon card that work with bitcoin, for low sum
if you stay online with all your trading there shouldn't be any problem if you recieve bitcoin or use anon card that work with bitcoin, for low sum
I have good experience. Found a good seller there and always buy or sell to him. But some people got scammed, you should be careful who you trade with. Check some references and history
That's the problem I guess .
Sometimes you find your self with peopl who don't actually own those accounts but they bought them from forums (Bitcointalk or any other forum) and it could be used for Scamming purposes .
Sometimes you find your self with peopl who don't actually own those accounts but they bought them from forums (Bitcointalk or any other forum) and it could be used for Scamming purposes .
There are only so many steps you can take as a precaution yourself, but if they don't want to meet face-to-face, I wouldn't bother trading at all.
LocalBitcoins is fine as a platform, it depends on the person you're trading with.
That's the problem I guess .
Sometimes you find your self with peopl who don't actually own those accounts but they bought them from forums (Bitcointalk or any other forum) and it could be used for Scamming purposes .
Yeah, with all the account buying/selling going on it gets difficult to know if you're dealing with the same member who was the original owner and was trusted or is it someone who bought the account for the sole purpose of doing bad deeds. I guess cash trades are safest or use exchanges which buy/sell bitcoins themselves rather than acting as a mediator/escrow.
its like others , there are some who are scammers and you should take necessary precautions while dealing with anyone there
There are scammers on localbitcoins, just like any other place, so you should be extremely careful who you deal with and avoid doing accepting reversible payment methods if possible.
LocalBitcoins is fine as a platform, it depends on the person you're trading with.
That's the problem I guess .
Sometimes you find your self with peopl who don't actually own those accounts but they bought them from forums (Bitcointalk or any other forum) and it could be used for Scamming purposes .
LocalBitcoins is fine as a platform, it depends on the person you're trading with.
Thank you for your replies guys , aprpeciate your great help .
I've found also another website called BitQuick.co https://www.bitquick.co and CoinDesk is speaking about it , does anyone have an experience about it ?
I've found also another website called BitQuick.co https://www.bitquick.co and CoinDesk is speaking about it , does anyone have an experience about it ?
I never used this service before even if it's so famous , when you say it's decentralized what does it mean ?
localbitcoins is not the one trading with you. It is just a platform for buyers and sellers to trade with each other.
does it mean that Seller & Buyer settle things between them alone without needing to a third party ? there is no escrow ?
localbitcoins will be the escrow.
Take a look at the security section on https://localbitcoins.com/guides/security and https://localbitcoins.com/faq#howto_why_escrow
This is one of the most suggested and popular ways of trading Bitcoin, myself I have not used it but from all accounts it is a pretty safe way as long as you take the usual precautions, chargeback via paypal is always a risk.
Ty for answering , is Payza and Neteller reversible ? or do they have policies about this concern .
This is one of the most suggested and popular ways of trading Bitcoin, myself I have not used it but from all accounts it is a pretty safe way as long as you take the usual precautions, chargeback via paypal is always a risk.
I never used this service before even if it's so famous , when you say it's decentralized what does it mean ? does it mean that Seller & Buyer settle things between them alone without needing to a third party ? there is no escrow ? I mean if you use reversible payment methods such Paypal , Paysafecard etc ... how can you guarantee that he won't scam you later and the escrow release the funds from the wallet
its safe as long as you trade with trusted memberTo make sure no one is scammed, the trader will only trade with verified paypal account and sometimes they need a photo of your face to make sure
That dosen't guarantee anything , Paypal verified or not , people can still chargeback . also need photo to make sure of what ? If I'am the Bitcoiner and he is the one using Paypal ... they should ask him for Photo , wouldn't that make more sense ?
I never used this service before even if it's so famous , when you say it's decentralized what does it mean ? does it mean that Seller & Buyer settle things between them alone without needing to a third party ? there is no escrow ? I mean if you use reversible payment methods such Paypal , Paysafecard etc ... how can you guarantee that he won't scam you later and the escrow release the funds from the wallet
its safe as long as you trade with trusted memberTo make sure no one is scammed, the trader will only trade with verified paypal account and sometimes they need a photo of your face to make sure
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