Topic: LocalBitcoins.com Forcing me to Quit? VERY DISAPPOINTED! (Read 347 times)
localbitcoins stole 0.2btc from me like 3 years ago. They banned the account for absolutely no logical reason. I had only ever cashed out via moneygram on that account(had no other accounts at the time), had 100% positive feedback and did not use any type of proxy which could have burned the account. They wanted my info but wouldn't give me any sort of rational reason for it. At the time 0.2btc wasn't worth the hassle and now I just don't care. I have thought about causing them a bunch of trouble over it and I still may later on. I sat back 0.2btc last year to match what was stolen and told myself when btc hits 100k I'll spend that 0.2 shitting on their name in every way I can. Either that or I'll just let it go lol
Okay who of you has already uploaded an ID Selfie VIDEO somewhere ?
I did not understand what you mean by this post, but I can assure you that I delivered the same thing that they are asking you, at first I was angry, but then I gave them everything they asked me and everything went very well. no problem. You have no idea what other sites you can check account for, they are more difficult than what localbitcoin is asking for. Just deliver what they are asking and get out of that noise and carry on with your life.
Unusial activity was mentioned in their letters. Who knows what it was, maybe daily volumes are too high or the number of trades, or login vrom many different IPs, or something else. Selfir ID is pretty much standard procedure nowadays. It's like take it or leave it situation.
I using localbitcoins.com for exchanging the bitcoin into cash around 2.5 years but nothing has been asked to me expect the ID docs, phone number and email address. Selfie image verification has been asked in the Coinbase exchange mate not in the LBC.
I am not sure what are all the issue you are finding with the localbitcoins. Stupidly sharing the critics about the localbitcoins.
I am not sure what are all the issue you are finding with the localbitcoins. Stupidly sharing the critics about the localbitcoins.
Lol, the OP is unstopable. He keeps creating new threads: https://bitcointalksearch.org/topic/i-am-not-comfortable-breaking-eu-law-as-you-requested-to-upload-id-selfie-video-3207297
Why are you so concerned about your KYC? What kind of data protection are you talking about? The service should protect your data from thieves, not you from the service. This rules are not just legal, they were enforced by the government.
I would like to tell you a secret. Your ID is not valid without you. No one can use it for you and if anything happen without your permission you will be totally refunded without any problems. The other thing is that you should think how many people already have access to your ID data: your employer, your university, huge amount of state departments etc. There are thousands of people that have an access to your ID. This kind of information is not worth anything.
Why are you so concerned about your KYC? What kind of data protection are you talking about? The service should protect your data from thieves, not you from the service. This rules are not just legal, they were enforced by the government.
I would like to tell you a secret. Your ID is not valid without you. No one can use it for you and if anything happen without your permission you will be totally refunded without any problems. The other thing is that you should think how many people already have access to your ID data: your employer, your university, huge amount of state departments etc. There are thousands of people that have an access to your ID. This kind of information is not worth anything.
Don't know what to tell you dude. I'm sure EU has anti money laundering laws and requirements for exchanges. The sad thing is the government probably already came down hard on them for this kind of thing and that's why they're doing this now. Providing an ID to somebody on the street (aka the police) when not detained for a crime is different than verifying somebody for money transactions of different currencies. We have both those laws in my country, too.
they just ask you a standard verification procedure wich is very common on bitcoin trading sites
they dont force you to quit , they just require additional info about you since your account has been flagged for something.
it could be for many reasons, even a blacklisted ip u used to login to their website, or u logged in from many different ip's ; big trading ammounts and so on... also if u have dealed with paypal wich is high risk ... might be the reason
they dont force you to quit , they just require additional info about you since your account has been flagged for something.
it could be for many reasons, even a blacklisted ip u used to login to their website, or u logged in from many different ip's ; big trading ammounts and so on... also if u have dealed with paypal wich is high risk ... might be the reason
Okay who of you has already uploaded an ID Selfie VIDEO somewhere ?
Not anyone I remember.Did the ask you to do that ? Maybe the proofs you provided didn't seem genuine ? What's the problem in taking a selfie video if you already trusted them with a selfie image ? I understand this can get real frustrating but to filter out the scammers,such measures are indeed necessary. 
Okay who of you has already uploaded an ID Selfie VIDEO somewhere ?
I am using localbitcoins for selling my bitcoin sometimes the traders ask me to verify the ID and the original name of the bank account other than everything is fine with me.But if you are a trader the rules may different but if you want to ne a trade then you need to follow their rules or move to the other exchanges.
Most of this requirement are good to provide and this enables us to built confident on crypto currencies and for the mass to build confident in it the more. The anonymous nature of cryptocurrencies make the scammer to used it as a means of scamming people and that is what we should all be against if we want progress in cryptocurrencies .
Thank you all for your support! To remind - I am not comfortable providing this personal data ID SELFIE and PROOF OF ADDRESS and their request is breaking our EU law of data protection. It is shown on my profile page on LBC that I verified my account with an ID, Passport or Driver’s license Verified 1 year, 9 months ago.
Is there any appropriate solution without uploading ID selfie video and proof of address?
Is there any appropriate solution without uploading ID selfie video and proof of address?
That is a very rare occurrence for sure.
Localbitcoins is located in Finland which is a part of the EU. So it could be under the EU privacy laws, even though I'm not sure if you are able to cite this as an excuse to not get your account verified by them as part of the AML procedures.
I've been using localbitcoins for around 3 years now, buying and selling. Never had this issue happen to me.
Was there anything that they said about how why they had to do this? Or are they trying to keep this reason secret as a part of "being proactive".
I'm finding the reason why LBT did request such thing.Same as yours been using localbitcoin within 2 years and I don't have any problems. Sending out documentations is up to you.If you are confident enough for those informations been accumulated but on what most people do tell here its been part EU privacy law which I'm confident that those informations is somehow safe.Just comply on what they are asking, its still on OP's choice.Localbitcoins is located in Finland which is a part of the EU. So it could be under the EU privacy laws, even though I'm not sure if you are able to cite this as an excuse to not get your account verified by them as part of the AML procedures.
I've been using localbitcoins for around 3 years now, buying and selling. Never had this issue happen to me.
Was there anything that they said about how why they had to do this? Or are they trying to keep this reason secret as a part of "being proactive".
Yeah, it's strange that they're requesting this.
The only recent change that I could think of was that you needed to be verified in order for you to actually advertise on localbitcoins, which was fair enough. But you could still deposit and withdraw funds from your account as usual without any verification or respond to other people's advertisements without verification. So OP's problems are clearly different to this.
I would personally trust LBC with my information, but I would ask them to delete it once it fuliflls their needs of KYC/AML. But I would definitely try to ask for the specific reason why they have requested all of a sudden for these ID docs. But if KYC/AML is in their policy it's hard to dispute it or try to not comply with them. They may just be trying to keep their platform clean without scammers.
You should not be disappointed with what is happening. Its a pure offer and acceptance which is not an order of specific performance. Its optional whether you want to use it or not which in this case you have made a decision to quit the platform and I don't see a court ordering them otherwise because their intention is justified as to why they are requesting for such information.
I wouldn't want you to blame the admin of localbitcoin because if its within their reach, they wouldn't go that route but blame the individuals who have because of their short sightedness immoral behaviour turned such platform to scam infested area that even me personally, would not change bitcoin to fiat on that platform and the only thing they would do is to dispute and judge. They have lost credibility and the only they think they can recover it is go start this KYC. Other peer to peer will soon follow suit because I see people moving enmasse (especially the scammers to other platforms to look for preys).
I wouldn't want you to blame the admin of localbitcoin because if its within their reach, they wouldn't go that route but blame the individuals who have because of their short sightedness immoral behaviour turned such platform to scam infested area that even me personally, would not change bitcoin to fiat on that platform and the only thing they would do is to dispute and judge. They have lost credibility and the only they think they can recover it is go start this KYC. Other peer to peer will soon follow suit because I see people moving enmasse (especially the scammers to other platforms to look for preys).
That is a very rare occurrence for sure.
Localbitcoins is located in Finland which is a part of the EU. So it could be under the EU privacy laws, even though I'm not sure if you are able to cite this as an excuse to not get your account verified by them as part of the AML procedures.
I've been using localbitcoins for around 3 years now, buying and selling. Never had this issue happen to me.
Was there anything that they said about how why they had to do this? Or are they trying to keep this reason secret as a part of "being proactive".
I'm finding the reason why LBT did request such thing.Same as yours been using localbitcoin within 2 years and I don't have any problems. Sending out documentations is up to you.If you are confident enough for those informations been accumulated but on what most people do tell here its been part EU privacy law which I'm confident that those informations is somehow safe.Just comply on what they are asking, its still on OP's choice. Localbitcoins is located in Finland which is a part of the EU. So it could be under the EU privacy laws, even though I'm not sure if you are able to cite this as an excuse to not get your account verified by them as part of the AML procedures.
I've been using localbitcoins for around 3 years now, buying and selling. Never had this issue happen to me.
Was there anything that they said about how why they had to do this? Or are they trying to keep this reason secret as a part of "being proactive".
That is a very rare occurrence for sure.
Localbitcoins is located in Finland which is a part of the EU. So it could be under the EU privacy laws, even though I'm not sure if you are able to cite this as an excuse to not get your account verified by them as part of the AML procedures.
I've been using localbitcoins for around 3 years now, buying and selling. Never had this issue happen to me.
Was there anything that they said about how why they had to do this? Or are they trying to keep this reason secret as a part of "being proactive".
Localbitcoins is located in Finland which is a part of the EU. So it could be under the EU privacy laws, even though I'm not sure if you are able to cite this as an excuse to not get your account verified by them as part of the AML procedures.
I've been using localbitcoins for around 3 years now, buying and selling. Never had this issue happen to me.
Was there anything that they said about how why they had to do this? Or are they trying to keep this reason secret as a part of "being proactive".
I have not read the whole thread but after reading 4-5 lines if i understand correctly then localbitcoins is asking for ID verification other than email or mobile number? but with a weird situation. Even if they are breaking the EU laws EU gov cannot do anything unless the website is EU based.
But i doubt any trusted members on the website will leave because of it.
But i doubt any trusted members on the website will leave because of it.
I have also never been asked by localbitcoins to upload these documents.
Must be some sort of thing that you did to trigger their automatic fraud detection system or whatever. How much money have you got on Localbitcoins at the moment? It's very weird that they are requesting these documents.
I have no knowledge of EU privacy laws, but if a company asks you for KYC docs it'll be hard to just refuse to send it to them. You could request that your funds be withdrawn from your account and your account closed, but that'll be forfeiting a good trader account.
I use LBC for the sole reason that I am able to use it anonymously and without forced verification. Hopefully this is just an isolated case and not going to develop into a growing trend. But for now, you should comply with whatever they're asking unless you have fully understood the legal implications.
Must be some sort of thing that you did to trigger their automatic fraud detection system or whatever. How much money have you got on Localbitcoins at the moment? It's very weird that they are requesting these documents.
I have no knowledge of EU privacy laws, but if a company asks you for KYC docs it'll be hard to just refuse to send it to them. You could request that your funds be withdrawn from your account and your account closed, but that'll be forfeiting a good trader account.
I use LBC for the sole reason that I am able to use it anonymously and without forced verification. Hopefully this is just an isolated case and not going to develop into a growing trend. But for now, you should comply with whatever they're asking unless you have fully understood the legal implications.
That's strange. Never ever been contacted by LBC for that kind of information, but I suspect the "red flag" they're talking about must have arisen from one of your previous trades. Perhaps you were involved in a dispute that didn't end well. Or completed one or more trades with an ID other than your own?
Shame as I really like LBC, but if you're not comfortable with verification, then you should take your business elsewhere. Warning though, eventually, you're going to have to prove your identity everywhere.
It's going to be a little more complicated than that with the new GDPR directive looming (active 28 May to be exact). Any company, even extra-EU, dealing with EU citizens will have to comply as well or risk legal action from its citizens. In particular, with the "right to be forgotten", companies must now also prove to the client that they will only keep the data for as long as needed, and prove that the data is destroyed when no longer needed.
Shame as I really like LBC, but if you're not comfortable with verification, then you should take your business elsewhere. Warning though, eventually, you're going to have to prove your identity everywhere.
I'm not very sure of the identity protection laws in Europe but isn't it okay for third parties registered in Europe to do the formal KYC procedures as long as the data is safe with them ?
LocalBitcoins is way better than most of the exchanges that exists today,I think you should just comply with the standards procedures or stop using the service.
LocalBitcoins is way better than most of the exchanges that exists today,I think you should just comply with the standards procedures or stop using the service.
It's going to be a little more complicated than that with the new GDPR directive looming (active 28 May to be exact). Any company, even extra-EU, dealing with EU citizens will have to comply as well or risk legal action from its citizens. In particular, with the "right to be forgotten", companies must now also prove to the client that they will only keep the data for as long as needed, and prove that the data is destroyed when no longer needed.
I'm not very sure of the identity protection laws in Europe but isn't it okay for third parties registered in Europe to do the formal KYC procedures as long as the data is safe with them ?
LocalBitcoins is way better than most of the exchanges that exists today,I think you should just comply with the standards procedures or stop using the service.
LocalBitcoins is way better than most of the exchanges that exists today,I think you should just comply with the standards procedures or stop using the service.
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