Bitcoin Forum
September 30, 2016, 04:56:44 AM *
News: Due to DDoS attacks, there may be periodic downtime.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: buybitcoins.com closes  (Read 2817 times)
jgarzik
Legendary
*
Offline Offline

Activity: 1470


View Profile
October 12, 2010, 04:51:13 AM
 #1

According to https://buybitcoins.com/

Quote
This website has closed down permanently, because nearly all of the recent payments to this site were made with stolen credit cards.
IP addresses, geographic coordinates, and email addresses have been recorded for the users who made fraudulent payments, and this
information may be given to law enforcement upon request.

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
1475211404
Hero Member
*
Offline Offline

Posts: 1475211404

View Profile Personal Message (Offline)

Ignore
1475211404
Reply with quote  #2

1475211404
Report to moderator
1475211404
Hero Member
*
Offline Offline

Posts: 1475211404

View Profile Personal Message (Offline)

Ignore
1475211404
Reply with quote  #2

1475211404
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Drifter
Sr. Member
****
Offline Offline

Activity: 367


View Profile
October 12, 2010, 04:56:15 AM
 #2

Almost $2300 in fraudulent charges  Sad

theymos
Administrator
Legendary
*
Offline Offline

Activity: 2422


View Profile
October 12, 2010, 04:57:58 AM
 #3

I'm not surprised.

Such a high rate of chargebacks does not bode well for future CC->BTC trades, no matter what intermediary companies are used. Identity verification is the only real solution if you want to do that.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 12, 2010, 05:17:56 AM
 #4

I'm not surprised.

Such a high rate of chargebacks does not bode well for future CC->BTC trades, no matter what intermediary companies are used. Identity verification is the only real solution if you want to do that.

Bitcoiners could get together and exchange dollars and bitcoins?

FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
October 12, 2010, 05:21:01 AM
 #5

Damn that sucks.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 12, 2010, 05:24:52 AM
 #6

Damn that sucks.
Market correction.

I rather find out now than find out later.

Anonymous
Guest

October 12, 2010, 05:25:10 AM
 #7

Bitcoin  needs its own "credit union" where members own the company and it invests in only bitcoin projects with profits.

A bitcoin community bank is sorely needed so we dont have to deal with these issues.

Im sure a solution will present itself.
S3052
Legendary
*
Offline Offline

Activity: 1932


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 12, 2010, 05:53:08 AM
 #8

I will support such a move via donating 100 coins

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
The Madhatter
Hero Member
*****
Offline Offline

Activity: 490


My avatar pic says it all


View Profile
October 12, 2010, 07:44:56 AM
 #9

I hate to say "I told you so"... :/ It would work in a perfect world. Accepting money with "strings" from strangers abroad is a bad idea.

If we could do face-to-face credit/debit sales of Bitcoins (prepaid cards?) at major retailers the fraud would be manageable.
dwdollar
Full Member
***
Offline Offline

Activity: 166


View Profile WWW
October 13, 2010, 03:41:35 AM
 #10

Thank you.  This has been helpful.  I have banned two more members and confiscated a small amount (BC98).
Herodes
Hero Member
*****
Offline Offline

Activity: 868


View Profile
July 10, 2012, 04:23:01 PM
 #11

I know this topic is very old.

However, I just checked with BuyBitcoins.com, and the site seems to be still up, however the security certificate asks me to accept a security exception in firefox, and when this is accepted, I was redirected to Buybitcoins., yepp, that's correct, no 'com' in my browser. After typing in the address in the browser (Buybitcoins.com) I was able to load the site, register, and log in (which works fine).

At the bottom of the pages, it says "Copyright © 2012, BuyBitcoins.com " but I guess the year here is updated automatically and gives no indication as to the current status of the site.

At the top of the site, it says however: "Buy BTC at $6.20 ", which may be an indication that the site is dead, it would be a pretty good price otherwise.

It seems that the site goes to great length of verifying the customer, but sadly CC to BTC will always be exploited. And most verification procedures can be faked by the dedicated scammer.

As bad as an idea it is selling BTC for CC, this siste also tries to collect your personal information on an unsecured connection, including credit card number, which is a huge no-no.

Also, I think most sites processing credit card transactions should go through reputable payment processors, as there are never any guarantees that someday the submitted information may not be misused.

I do think that CC for bitcoins are a lost cause, but I know some brave souls are trying.

Don't remember exactly, but there was one person in Florida selling bitcoins against CC in person. Don't know if he's still doing it, or if there are others doing it. Bitcoinnordic.com also had to shut down their CC for bitcoin service: https://bitcoinnordic.com/credit-card/index.html

It's too easy to scam using CC, and bitcoin is the perfect virtual merchandise to buy as it has great value. Using proxies, anonymous e-mails etc, it's almost impossible to catch the thiefes as well..
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!