As long as the credit cards used are legitimately yours, then this would be a great service. Using phished or hacked cards will put anyone receiving the goods (not you) in hot water with the authorities.

A safer way would be to have the products shipped to your address first, then you forward-ship them to buyers.

Using escrow is best practice and common sense for this kind of transactions. Don't scrimp and save to avoid the small escrow fee. It is a very small investment which guarantees your financial safety.

I do not think this is legit. No EU bank will allow remote opening of accounts without satisfactory sighting positive ID and complying with KYC procedures. EU banks are super strict with these procedures and they all enforce a common and uniform KYC system EU-wide.

In the above case, I'm sure this is not legit. If it is, it will be an account opened illegally. Perhaps by replicating the passport and superimposing someone else's photo on it, then that person presents it to the bank during the account opening process. If you think about this scenario carefully, this means the same person who used those credentials to open the account will also have direct access to the account. This is just one angle of the story. There are other scenarios you might want to consider such as criminals using an accomplice working for the bank. Same thing.. that accomplice will have access to your account.

Think and be careful.

That's scary. Don't store coins on any exchange. For the love of your coins, keep them in a wallet you and you alone totally and solely control. Thieves are everywhere, offline and online, and no exchange can and will guarantee to replace your coins if hackers successfully penetrate their systems.

How these criminals bypass super secure security systems is a puzzle. It's not like 2FA systems become vulnerable when they are overwhelmed by attacks. In fact, the more persistent the attacks, the more likely it is that the exchange will deny all access to accounts, their legitimate customers included.

Store yours coins safely. There is no totally impenetrable digital fortress out there. They are all vulnerable and risky.

I like the elaborate way of explaining this in a rambling sort of way. As if it helps to confuse the reader and maybe (just maybe) convince him to do it.

The problem is there are so many red flags sticking out like a sore thumb.

For one, there is this part:


One can never trust you unfortunately. It's a dog eat dog world out there with so many scammers right and left. Trusting strangers who make outrageous claims is simply unwise.

Another is this:


Extremely difficult to understand how you can make one's coins simply disappear and reappear elsewhere on a corporate bank account. Making coins disappear safely and reappear elsewhere is a service safely offered by more reputable members here. See yours truly's signature.


Those were the days. Not anymore. All those jurisdictions are extremely KYC compliant and will not simply and magically launder and tumble your funds anonymously. They will not open and activate accounts remotely without full KYC compliance procedures being adhered to, source of funds being examined and carefully checked/traced and no debit cards are issued unless positive ID is sighted.

It might work but there are better and safer shortcuts minus the middle man.

That's all nice and good but nobody will fall for the private-key-scam. This community has evolved into more intelligent beings who know the dangers and risks when they are asked to show their private keys. It won't happen.



As for my earlier post which you refer to on your PM to me:

https://bitcointalk.org/index.php?topic=3129827.msg32392223#msg32392223

it was a safety advisory. Even if (in my wildest dreams) I had that much BTC and the private key for that address, it would be a solid NO in response to your question about viewing the private key.

This is difficult and risky. The instructing of clients part is the riskiest because this is how MITM scams are perpetrated. Scammers put up sale ads for cars, boats, laptops, phones etc and if someone offers to buy, the scammer instructs the buyer to deposit money into the account of the bitcoin trader. The victim thinks the bank account belongs to the person they are dealing with. The scammer identifies himself as the owner of the bank account.

While the above is happening, the scammer offers to buy bitcoins and pay for them by cash deposit. The person paying for the bitcoins is the buyer responding to the ad for a car or something else and has no idea he is depositing money for bitcoins. The coin seller thinks the person paying is the same person offering to buy coins. It's an elaborate scam which is why "instructing clients to do a cash deposit" is a risky scenario and should be dealt with carefully.

Good luck with this but I feel it is fair to inform and advise members of this forum about the risks.
 

Hi..

I received some coins for work done in Singapore. Ready to repay the loan

0.203 x 1.17 = 0.23751 BTC (17% as agreed)

Please provide the repayment address.

Thank you again for this short-term loan.

---

Edit: Repaid as per address provided on TG.

https://blockchain.info/address/3DwL2GZLFH8MUKZAmkUoZFgRDKDKvwHuQT

Username: warningsigns
Loan amount: 0.203 BTC
Address for the loan: 3GQUKCbLsy5SeSohfXRBcC2DWVUMGHVFTs
Collateral: As discussed by pm
Payment period: Within max 4 weeks (with option for earlier repayment)
Interest: 17%

Reference address: https://bitcointalk.org/index.php?topic=1935179.msg20497425#msg20497425

Interesting. For what purpose? I still have a blockchain wallet which I used back in 2013 and at that time it had a lot of coins (gone now of course). Panic-sold them all when the FBI seized Liberty Reserve and BTC prices started to tumble.

You can buy the key but I want to know first what you intend to do with that private key and why you want to pay a lot of money for it.

In the meantime, before I even sell it (if you seriously intend to buy it), I first need to think of reasons for wanting to buy one and for offering to pay so much money for it. It can't be to try to extract Bitcoin Cash from it. The wallet has been inactive for years (but I can still access it).

Anybody knows why someone might want to buy it?

Cambodia. In this country I live in (which is not my country of citizenship) bitcoin is banned by the central bank. The country's entire commercial banks were advised to close accounts of customers suspected of dealing or trading in cryptocurrencies. So I can imagine if anyone here becomes a victim of a crime or any situation where bitcoins are stolen or robbed, the criminal will not face any charges and will get away scot-free. Bitcoin is simply not recognized here. This is a country where you really want to use a robust wallet with strong security protocols in place. Reporting a bitcoin theft to the police here will only worsen the situation.

It's not just banned but also illegal for this country's citizens to own, use and trade bitcoins.

Bitcoins in Cambodia

I wonder where HitBTC is based and if one can remotely retain a lawyer in that country to look into a case of fraud. USD 65k is a seriously immense amount of money.

60! What the heck! Let me check my calendar again. Yes, it's 2018 and not 1975 so how can it take SIXTY banking days to process a wire transfer!

Wait... sixty banking days would mean a 5-day working week which translates to 60 / 5 = 12 weeks! And 12 weeks = 3 months! Three months to process a wire. These fraudsters must be joking and must be laughing all the way to the bank! They probably think everyone here is too stupid to realize that a SWIFT transfers takes just hours to reach the destination bank. ACH works just as fast. OTC cash deposits even faster.

They have the audacity and nerve to make a mockery of their customers.

You have an open scam accusation:

https://bitcointalk.org/index.php?topic=3169324.0

Stop being thieves. Resolve this matter ASAP.

You have the audacity and shamelessness to crown yourself with the title HitBTC.com - The most advanced cryptocurrency exchange when in fact it should be reworded to HitBTC.com - The worst cryptocurrency thieves

Now to their users. Why do you continue to send money and coins to this exchange? A simple search will yield a long list of negative reviews and feedback. You are all partly to blame for these losses. Negligence and carelessness are the main reasons. Stop being careless with your money.

Don't simply give up. USD 65000 is not a petty amount. You should continue to push towards a solution, even if it involves fees for returning the money to you. If this exchange refuses to acknowledge and accept your KYC credentials, demand that the money be returned to the account it originated from. Don't give these scammers the benefit of using all that money for a Tahiti or Maldives luxury trip!

Bombard them day and night with reminders to resolve this issue. Confront them aggressively on every social media channel they use. Expose them. That's what I would do, if I were in your shoes.

Escrow from this list, correct?

https://bitcointalk.org/index.php?topic=2439910

How will you be paying for the bitcoins? Not with PayPal, knowing the risks involved.

If you will pay by bank transfer, due diligence is important because your thread implies someone else will pay (third party). Payments from third parties are the core indicators of an MITM scam.

Either way, both seller and buyer should proceed with caution. Use a reputable forum escrow. No sending of coins and fiat first.

Sounds like a scam. Be careful, everyone.

Firstly, escrow.com refuses crypto escrows. Letters of credit and bank guarantees are dangerous as they are guarantees which are very difficult to rescind.

Proceed with caution, especially because he consistently refuses to use forum escrows which is a red flag.

When using escrow.com the scam's strategy often works this way: the scammer asks the victim for his email address. He then spoofs escrow.com's escrow instructions with a bitcoin address controlled by the scammer.


Interesting. Why didn't you put your user name and today's date?

Buying and selling of accounts empowers scammers by giving them the tools to defraud their victims. Giving them negative trust is a powerful deterrent, even if not always effective. When one is tagged, new accounts are peddled to keep up with the demand for them.

If negative trust makes you furious, you should refrain from doing what it takes to get one. Stop being a scammer's hardware store. Without someone selling scammers the tools for scams, someone somewhere might not lose his coins.

It's a scam. They want proof of funds and then they will manipulate buyers to send money first. These scammers are very calculating criminals. Proof of funds they prefer are usually bank balances in the form of bank guarantees which cannot be rescinded. They will show watchlist addresses and accounts via videochat and convince buyers to front fiat.

These are dangerous criminals. Do not meet up with them under any circumstances.

Nice find. Goes to show you can't really hide anything on the internet. They fiercely protect the confidentiality of their partnerships but as shown above, digging up that information is not impossible.

An initial contract of 3 years. Seems like they are treading cautiously, lest they lose their acquirer and issuer privileges. Hell hath no fury like Visa scorned.

You would be surprised if you were to dig deeper on this forum's history books. There are some who scam for satoshis.

Motives? Desperate for a few bucks or doing just about anything to barely scrape by so they can buy their day's dose of meth. Some steal to buy that Big Mac. It's their way of life. They do this on an almost daily basis here. Shameful but thieves will always be thieves.

Risky. Venmo is just as volatile and reversible as PayPal.

I suggest you offer another payment method. Venmo will be reversed if Venmo finds out the transaction involved bitcoins or if the sender maliciously discloses that information to Venmo. Escrowing or sending Venmo first to anyone, trusted or otherwise, offers no protection. You can dispute and reverse the payment after getting the coins. Totally unsafe.