Yeah basically i think it was an issue with their wallet because they integrated with a new service, but as someone else said I can see how a lot of peoples bitcoins can go missing..

Yes as much as bitcoins are good for things and make some purchases feasible (your going to hate me for saying this) but there is a good bit more security with bank transactions as you can mostly claim it as unauthorized and there is a chance you will get it back or something will be done about it.

By the way I got the coins credited and they couldn't apologize enough for the error! Another guy got in touch (the guy who was in the different timezone and was sleeping at the time) Here is the message he gave kind of lost me half way through but I'm sure you more experienced guys will know what he means..

"Hello, you are now credited. I am very very sorry that this happened, we have found issue. After we have migrated to bitgo deposit addresses if incoming transaction batch comes with multiple "company" receivers and if one of them is the old non-multisig address in that batch, then the bitgo multisig address is not credited. Since you sent to multisig address and part of that transaction was another "company" user, that scenario happened. But we have already found a solution and will fix it within 24 hours so it won't ever happen again."

To be honest I don't want to put their company name in a bad light just yet although know you may be itching to know as they have been pretty helpful up until this point I'm guessing I will find out for definite pretty much tomorrow.

Well yeah they did say a lot of times dont worry we will resolve this, last message they said "Hello, i was busy here. Your problem will be fixed, please, be patient, as i told you the guy who take care of this kind of problem is in a different time zone so they must be sleeping now. Sorry for this again and you will have your problem fixed." But one of the earlier messages they said if its the companies fault they will credit the account (which to me sounded like if they tried to pass the blame on to the new company they might not credit it)

I hope so as I'm not made of money that was the largest transfer I've ever made with bitcoin to be honest.. well largest including previous one that went through. It's now had 33 confirmations on the blockchain and shown as "spent" for the wallet address I sent it to and sent previous ones to..

But I am not sure what "spent" means and I'm guessing in this case as they are having an issue it doesn't matter how many confirmations it receives it will need to be manually fixed..

Yes same would be good. I've purposely not given their company name to give time to resolve issue but dont worry if they dont will let all you guys know and show evidence

I think I have the guys real name as its in his company email address so dont think it's fake but as said dont want to jump the gun yet. He did say hes waiting on other guy waking up as they are in different time zone so does this mean if they are going to credit my account it will be done manually or some other way?

By the way just while we're on the topic is there much I can about it if I found they did scam and had proof? I'm guessing not much 

The guy am dealing with has seemed quite genuine and is still responding to my queries so it's not as if hes ignoring me whatsoever he did say that the guy dealing with it (I believe with the new service they are with) is in a different timezone so he is likely sleeping but he has kept saying it will be resolved and not to worry about it. Truth is I am pretty worried about it as first time its happened.

Btw I mentioned to him about the private keys thing cheers for that. They are reputable so hopefully this is just a simple error or delay because they have moved to new service..

Hi guys,

Ok I am not a professional by any means with bitcoin but at the same time I wouldn't class myself as a noob.

This is the first time this has happened so hence why I'm unsure of what is exactly going on.

I sent bitcoins to a company from localbitcoin directly I have sent around 10+ transactions in the past from localbitcoin and coinbase to this company and all have went through fine. I recently stepped up the deposits to the companies wallet so this would be my second transfer of $825 USD to them first one went through fine.

So generally I get an email saying bitcoins are on the way to this company I mentions wallet, in this case I didn't get the notification. I also noticed on blockcypher.com there was seven inputs when with previous transactions there was only one. I contacted the company and they said they apologize but have switched to bitgo integration so basically this is why the error was. So after 6+ confirmations and 2 hours they said this should be with me in a couple of hours and this is a rare case but if it's their responsibility they will credit my account if not (generally as far as I was aware it is their wallet I sent to so should be their responsibility no matter what as long as everything is confirmed on block chain and from localbitcoins side which appears to be) and they did basically state straight away as if it could be their fault without saying it could be a localbitcoin error or something else.

I don't want to jump the gun here as the company has been reliable up until now but it is very odd. Any ideas what could be going on and do you think they have just taken my coins and ran to the hills with them and are using this as an excuse?

Cheers

Now I do still believe Paypal are not best of friends with Bitcoin with that being said I'm wondering this year if they are taking a lighter view on it, giving they named bitcoin guru and founder of Xapo, Wences Casares to the board of Directors to assist in running the ship. More on the article from Jan here;

http://finance.yahoo.com/news/here-s-a-sign-that-paypal-is-embracing-bitcoin-220129913.html

Thanks but it's for accepting payments from others 

Thanks I don't mean accept bitcoins I mean accept transactions in normal currency for bitcoins, sorry should have been clearer. I think Stripe allow the use of bitcoin transactions with fiat currency.. still looking for lowest fees as paypal were charging almost 5% per transaction (not business account)

Hi guys,

Ok I am relatively new to this forum and it's probably been talked about quite a bit in the past. But can't find too much up to date information on it.

Can anyone recommend another payment processor that allows bitcoin or doesn't apply any serious action? I have been using Paypal for last couple of months but wish to save my account as I believe it's against their terms in the user agreement and don't want it banned.

Was considering Stripe, Skrill and others.. Any thoughts would be appreciated. I also recently learnt that banks (maybe more so in the UK) are quite sensitive to bitcoin payments to perhaps depending on which bank it is.

Edit* Paying with normal currency for bitcoin purchase not paying in bitcoin i.e transaction shows up on account as "BTC" although £/$ was paid in exchange for it firstly.

Thanks

I'm having the same problem. I'm sure its the same password. When I click the seed option it just tells me to enter my password which is no good because I dont know it.. Any help?