Bitcoin Forum

Economy => Trading Discussion => Topic started by: Grossyknoll on July 15, 2017, 07:26:50 PM



Title: Alternate Payment Question
Post by: Grossyknoll on July 15, 2017, 07:26:50 PM
Please correct me if I'm wrong, but I understand the safest means of payment acceptance when trading is either cash deposit to your bank, or in person selling. 

Regarding other, riskier forms of payment, please tell me what the catch is in the following scenario:

(According to LBC)

-Buyer has 1000+ confirmed trades with over 500 people
-Feedback is 100% positive
-Zero blocks

Why is this person willing to purchase through Venmo at nearly 20% over market price? 

Thanks in advance


Title: Re: Alternate Payment Question
Post by: LeGaulois on July 15, 2017, 09:08:46 PM
Considering people are buying and selling LoacalBitcoin accounts, I wouldn't trust any rating system there. I don't know the site well but I am sure some are cheating the system, with making sell with their friends, their multi accounts or any other shit ideas they can find.
Or he may be in hurry and can't wait to deposit a bank transfer to an exchange. Or maybe he is using a stolen card in the app?


Title: Re: Alternate Payment Question
Post by: Grossyknoll on July 19, 2017, 03:35:26 AM
Considering people are buying and selling LoacalBitcoin accounts, I wouldn't trust any rating system there. I don't know the site well but I am sure some are cheating the system, with making sell with their friends, their multi accounts or any other shit ideas they can find.
Or he may be in hurry and can't wait to deposit a bank transfer to an exchange. Or maybe he is using a stolen card in the app?

Appreciate the feedback, thanks.