Not sure how you was stung as they have measures in place... but localbitcoins by far.
Main Rule: Only buy from trusted sellers 1000+ etc
# Buying BTC
1) if you dont receive your funds and you paid them via your bank. Dispute the transaction and prove to LBC you paid and give a payment reference.
# Selling BTC
1) Dont release until funds are in your bank
It wasn't so much localbitcoins fault. People's bank accounts and I assume localbitcoins accounts had been hacked. I sold some bitcoins, saw the money in my bank so sent the bitcoins as (as you would). Then I get a phone call from the bank saying they're taking the money back as the account was hacked.
I'm not sure if it was a dodgy key logger altcoin wallet and they'd got the passwords but New Zealand banks don't require 2 step verification, though that is becoming common place now.
I did eventually get the money return but not without a bit of a fight with the bank.
@Xch4ng3 thanks I'm just going to wait and see on the price a little longer. I'm basically hoping to use it as a way to transfer money from a UK account I have from when I lived there to an NZ one since the GBP is so bad at the moment a direct transfer is pretty bad. Though this is obviously a bit more of a risky gamble. Though hopefully BTC is going up not down