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I have bad experience with oultrade.com , i am using this site because my buyer insist . I am selling coffee bean and my buyer want to pay with BTC and choose oultrade.com because it has secure deal option. For someone who familiar with oultrade, you must be know that in secure deal section we can have chat between seller and buyer and guarantor from oultrade itself. The buyer have been transfer the BTC to my internal wallet , but I can’t withdraw the BTC out to my other wallet, the oultrade required to have additional deposit USD700 on each wallet ( seller and buyer ) before it can be withdrawn. I don’t understand why they need this although i have more then 1 BTC in the account which is from the payment of my seller.
Please if someone have experience trade in oultrade.com , appreciate to share your thoughts.

Dear friend, I have several problems on the other hand, in the same way and also in the negotiation of commodities, which country are you from? by coincidence, they asked for 200 dollars to activate the account, I sent 200 dollars twice, they asked for US 700, I sent it, they said it's not enough because it has the insurance fee, well, I already sent 1,350 dollars and nothing... buyer also only accepts there... and said that his account was blocked for 20 days... if so, it just needs to be with Mr. Jackson? and you
I'm from Brazil and you? :( :( :( :(

I've never used that platform, but from my experience all platforms that require you to deposit more money in order to withdraw the money you should already have there are scam.
Sorry.

As things stand, that customer of yours is a rather naive person, but so are you because you agreed to such a deal. The domain through which you wanted to do business is only 1.5 months old, and that alone is enough of a warning for anyone who knows how to do the simplest 5-10 second check. Never accept such offers, it is a waste of time and you can still end up in a situation where the client tells you that he has paid and wants his goods - and then you try to explain to him what the problem is.

,,

I think we fell into a scam, the same operating modes, I sold sugar, it was 5 btc, how does a buyer have a high account on a platform with only one month? contact me, let's talk privately + 55 (67) 9 9669 3289

OP as mentioned I have never heard of such a platform. Maybe they have set up such a system to trick you into cheating. They ask you to deposit more money to withdraw your money. No platform will ask you to deposit more money for your withdrawal. From here it is clear that this is a fake site. You get out of here quickly. Never deposit money here or you will be in big trouble. Hope you understand.
Thank you.

This is the first time I've heard of such a site/platform.
Just because your buyer says you should proceed with your transaction on that website because it has a "secure deal option", you should've dug a little deeper into the site's background and reputation before going through the deal. As Lucius has already stated, the site is just over a month old, and then on their website, they have stated they have 4 years of experience; that is ridiculous. Also, the part where they ask additional deposit just so you can withdraw your balance is a classic scam-site move. Ask yourself, why on earth would they need $700 to let you withdraw your balance? For withdrawal fees? LOL. Don't trust that site.

I have never seen such a platform and have no idea about it. But it seems to be a scam platform. Here they ask to deposit 700 USD to withdraw your BTC. There is no such platform that I have to deposit money again to withdraw money. It is a complete scam platform. Protect yourself from such fraud traps.

The lessons that we need to learn out of this incident:

There is enough possibility that that buyer is a part of that website which deliberately did this? Because, I don't really understand why would the buyer choose that platform for payment. Anyone can send and receive BTC freely even they hold bitcoins in a custodial wallet.

You should never deviate from your usual business practices just because of a demand from a buyer. Even your buyer demands any kind of new payment option, you should accept only if you are familiar with that particular payment option and already holding a verified/established account with that payment system.

Instead of risking some more money ($700 in this case), I believe taking legal action must be a better option.

https://i.postimg.cc/0NGbKWFW/1.png
https://i.postimg.cc/d0QLdmFJ/2023-02-03-183116.png

The buyer is definitely part of the team of this scam site. You should have done your research, mate. What will you lose if you waste a few minutes of time collecting enough information about the anonymous oultrade.com site? And I hope that you did not rush to deposit the $700 because 99% of the sites that ask to deposit a sum of funds before withdrawing are just scam sites. The buyer simply wanted to drag you into the mud after sending fake BTC amounts through this site, which is part of it to your internal wallet until you deposit your funds to withdraw them.

Please Stay away from this platform.

From what you have explained and looking at other people's thought about the site, it shows that oultrade is a big scam and you should never deposit any fund there or you will lose it. This is how they do there scam business.

They have agents around and there work is to lure people and force them to use the site mostly for transactions. If you are not intelligent enough you will fall for there trap. When you use the site for transaction, they will ask you to make deposit stating some issues that will restrict you from withdrawing your funds unless you make some deposits. If  you do that, they will ask you to make another deposit higher than the previous one until you are fed up and understand what they are upto.

Fake exchange is out every day the first question that comes to my mind is why would people like you still use an exchange before checking it first. using a new exchange its fine but you do need to check it first on who is guard  or check the volume of new exchange is impossible get million in a day for new exchange

Probably OP was new to bitcoin and was promised to be paid in BTC on that platform which he accept the offer, which probably the site is made by the buyer and scammed OP ^(seller), if he already provide the one that buyer wants. Newbies are the main target of this kind of scheme knowing they have limited knowledge on what platform if better or worst.
Well, yeah, if OP did asked or research before proceeding the deal he or she may avoided such scam, but unfortunately sounds like its too late.

This is what I discovered on the outrage platform you are asking about, it is a trading platform investment that promises high returns for the investors. A platform that makes promises is a sign that it is an HYIP or scam.

In the situation that happened to you, as far as I remember, I read about a similar style here in the forum who had a similar transaction to yours until he realized in the end that he was scammed, so I hope next time you learn from that incident, dude. Just be careful next time and I'm sorry for your bad experience.

I'm sorry to hear about your bad experience with Oultrade.com. It sounds like you were caught in a situation you didn't expect, and it's understandable to feel frustrated. However, I strongly recommend contacting their customer support and hope this will solve your problem. Also, in the future, please do some proper research before making such decisions.