Need some help here!

[Seanzqt]

Hey!

I bought BTC with Neteller on Localbitcoins, I sent $336USD which was $373AUD - I was sent 0.29468BTC. When I check the cost of the BTC it is only $172USD in value, does it make sense?

[keithers]

Hey!

I bought BTC with Neteller on Localbitcoins, I sent $336USD which was $373AUD - I was sent 0.29468BTC. When I check the cost of the BTC it is only $172USD in value, does it make sense?

I have never used localbitcoins before, but did you have an agreed upon amount of BTC that you were supposed to get with your money?   I think people on localbitcoins sell at a premium since you can set your own price (I think)

[franky1]

Hey!

I bought BTC with Neteller on Localbitcoins, I sent $336USD which was $373AUD - I was sent 0.29468BTC. When I check the cost of the BTC it is only $172USD in value, does it make sense?

localbitcoins sellers sometimes have high premiums. especially if using web dollar services that can chargeback. normally people search the listings for the best price first.

then they type in the dollar amount they want to send, and localbitcoins calculates the total you will receive. this value, when making the offer is locked in, so the other party cant accept the offer unless they have available BTC to be put into escrow.

basically if you were expecting half a bitcoin, localbitcoins calculator would have told you the total before the offer, and then when making the offer the bitcoins would be locked in.. so the other side cant just send you random smaller amounts that you did not expect.

[Seanzqt]

I think I learned the hard way 

His prices are too excessive and I would not go back, I was wanting BTC from others I had traded with here but Dr-Exchanger never responded to me so I resorted to LBC and I guess I was ripped off by higher percentages.

Regardless I cannot take a trade back, so deal with it, learn, move on!