Hello everyone a few days ago a came across a localbitcoins look alike called localethereum ...its a decentralized p2p exchange platform and actually it has people offering good services but scammers are always present anywhere.This a warning to all the people that are thinking of using the site.This is my story.
I was looking for a quick way to make some few extra bucks so i found a way of buying ether at a low price and selling it at a higher price. I found a way through paypal(I know am dumb dont tell me) So i was skeptical at first because there is no way a person could be buying ether at an above market price unless he has some he stole the paypal account or has bad motives but i had some 150bucks to spare and test my theory...we transacted and by the end i had 200 which is 50 bucks in profit i was happy but still knew there was a possibility of a chargeback (its paypal for God's sake and am dealing with digital assests )...so i never traded with the guy again and waited for at least one month so that i can know if its legit or shit...after 6 days(today) i got a paypal dispute that the funds were sent without the senders approval and that i provide proof of shipment and shit....i did provide the escrows site proof but i think it wont be enough so am going to loose the funds...I contacted localethereum support to know if the scammer will be dealt with or if i will get my funds back...all blame goes to me because i got greedy and did not listen to all the warnings..Anyway i lost so that you may not lose your hard earned cash and maybe something good will come out of this..
https://imgur.com/a/Z0Ir7https://imgur.com/a/EH3pHThe user was (coinmarket)
https://localethereum.com/profile/coinmarketWatchout for the all the others with a rate above average or avoid paypal as mentioned on the site and you should be good to go.
I will always strive to warn guys occassionally to avoid such issues from happening to anyone else.
Any donation is appreciated : 0x244f1B2e45228A7427265678Dad8E346A0C42F98
