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Author Topic: Is localbitcoins safe?  (Read 140 times)
LisaOrange
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January 22, 2018, 03:59:02 AM
 #21

I highly recommend using Paxful.com rather than Localbitcoins.
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thehun
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July 13, 2018, 10:32:09 AM
 #22

Localbitcoins freezing accounts for no reason and no response from support:

https://bitcointalk.org/index.php?topic=4662293.msg42085657#msg42085657


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mazix
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July 13, 2018, 10:42:25 AM
 #23

I am sure there is some legit sellers and buyers there, but like with everything in life you should be careful with who you do business with. Especially online, if they are halfway around the world and scam you. You will never recover your funds even if you have their ID card. Be careful and good luck.
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July 13, 2018, 11:51:44 AM
 #24

What are localbitcoins?
localbitcoins is the most popular p2p exchange site. here you can exchange your bitcoin for local money or various payment processor what you need. but be careful before doing any exchange here, first read there rules and regulations.

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siagh357
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July 13, 2018, 01:00:23 PM
 #25

Ensure you never trade outside the platform but make efficient use of the Escrow offered by localbitcoins. When deal is closed and each other goes it way, no turning back like refund through bank transfer or any dubious means. If anything let evidence be available and localbitcoins team decides.
ompoetra
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July 13, 2018, 02:32:16 PM
 #26

If you find ad phrases like "Buy Bitcoin 5% lower than the market price. Achieve Big Profits ", then feel free to move away from him immediately. It is one of the scammer marketing strategies that want to deceive prospective clients with the lure of unrealistic big profits.

The initial signs of a fake Bitcoin Exchange is the domain. If it only starts with "http: //" instead of "https: //, then Bitcoin Exchange does not have a reliable security protocol. To take safe steps, immediately leave Bitcoin Exchange so know the quality of the domain.

In addition, you also need to be wary of Exchange sites that offer Bitcoin redemption to PayPal. Generally, the redemption procedure begins by filling out the PayPal email form and the amount of money you want to redeem to Bitcoin. After that, you will be given QR code to activate the process of sending Bitcoin to your wallet. Although it looks convincing, the steps are just the guise that made a scammer to divert your PayPal funds into their own personal account. In fact, your Bitcoin will never reach the destination address.

Counterfeit Bitcoin Exchange sites are popping up and usually do not last long. Once the deception is uncovered or the business is not sold, they will reappear with a new name.
nitrocryptonitro
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July 15, 2018, 09:31:44 PM
 #27

I've personnaly always had very good experiences with LocalBitcoin vendors.
And I was never scammed, although sometimes I dealt with vendors that weren't the biggest or the oldest.
LocalBitcoin has got a BTC escrow system, which means that in case of scam attempt, you can still get your BTC back (for the vendor), or you can force to have the BTC kep in escorw given to you (for the buyer) if you prove that you sent your wire payment.

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