Is anybody trading on LBC?

[Findingnemo]

I am being a trader on LBC for a week now (the one who create ads and sell and buy bitcoins) since I am interested on making short term profits with bitcoin on this vacation to start being a full time trader if I am able to trade on it with huge capital.

I didn't bought much bitcoin on LBC so my bought history is about one bitcoin until now but I had almost 100 trades for the last two year for selling alone so my by ad of "sell my bitcoin" at a cetain price is showing on the first page when I search on my countries name,but my ad of "buying your bitcoin" is not shown on fist page even if I am having better price so this is because of not enough trade history I think.

So if my ad of "buying your bitcoin" need to be on fist page how much completed trades and trade volume I need to have?This is the only thing I got from that site under FAQs.

My ad is not on the front page?
Only 6 advertisements per category are shown on the front page and certain high risk payment methods are excluded. You need be an experienced trader with many trades under your belt before your ads will show up on the front page.

[AdolfinWolf]

I am being a trader on LBC for a week now (the one who create ads and sell and buy bitcoins) since I am interested on making short term profits with bitcoin on this vacation to start being a full time trader if I am able to trade on it with huge capital.

I didn't bought much bitcoin on LBC so my bought history is about one bitcoin until now but I had almost 100 trades for the last two year for selling alone so my by ad of "sell my bitcoin" at a cetain price is showing on the first page when I search on my countries name,but my ad of "buying your bitcoin" is not shown on fist page even if I am having better price so this is because of not enough trade history I think.

So if my ad of "buying your bitcoin" need to be on fist page how much completed trades and trade volume I need to have?This is the only thing I got from that site under FAQs.

My ad is not on the front page?
Only 6 advertisements per category are shown on the front page and certain high risk payment methods are excluded. You need be an experienced trader with many trades under your belt before your ads will show up on the front page.

Depends on the payment method i'm pretty sure, but if you take a look @ for example paypal, these are the results.

https://localbitcoins.com/instant-bitcoins/?action=sell&country_code=US&amount=24&currency=USD&place_country=US&online_provider=PAYPAL&find-offers=Search

Top offers have 100% scores and made between 500-15000 trades.

So it depends on the %, total score, and amount of trades completed vs trades done/opened, i'm pretty sure.

The higher the better obviously.

[buwaytress]

Adolfin's got it mostly right. It's definitely a mix of:
- price: how much better your prices are
- feedback: how well or how badly others rate you
- frequency: how often you've completed trades
- volume: how much you've traded (this is unfair I find as it's in BTC, regardless of price!)
- distribution: how many different people you've traded with
- payment method: the less risk the better

I'm not sure of the weight or priority, but I'm pretty sure it's something to the order I listed.

[Findingnemo]

Thank you guys for your responses.

I too have the same number of completed trades as other guys being on the first but I am having 98% feedback score which might be a reason?

Because a bitch distrusted me and she is the one never responded to trade after opened so I gave her the bad feedback about what is the actual situation but LBC takes her feedback also as counted even it is fake.

I am looking for someone with what must be the exact stats needed to be on first.

[hugeblack]

There are many filters to choose who will be on the front page but the most important ones are the two.

- feedback: how well or how badly others rate you
- volume: how much you've traded (this is unfair I find as it's in BTC, regardless of price!)

Which I considered unfair because the measure is BTC and not the amount of those currencies to USD. "Older members with old deals will have a better place."


Do not worry much about your arrangement, but the fees and safety. "I usually look for the safest and least possible fee, even if it is not on the first  page."

[Findingnemo]

There are many filters to choose who will be on the front page but the most important ones are the two.

- feedback: how well or how badly others rate you
- volume: how much you've traded (this is unfair I find as it's in BTC, regardless of price!)

Which I considered unfair because the measure is BTC and not the amount of those currencies to USD. "Older members with old deals will have a better place."


Do not worry much about your arrangement, but the fees and safety. "I usually look for the safest and least possible fee, even if it is not on the first  page."

OLD profiles may get more priority as well but the limit is only 150 days to be considered as old trusted person which should be increased by LBC to give old traders a better chance of earning who are doing trades for years.

Most of the trades are through banking immediate transfer so nothing much to choose from the safety of trade so for me I need to get more trades as much as possible to have a place in the first page.

[dothebeats]

Adolfin's got it mostly right. It's definitely a mix of:
- price: how much better your prices are
- feedback: how well or how badly others rate you
- frequency: how often you've completed trades
- volume: how much you've traded (this is unfair I find as it's in BTC, regardless of price!)
- distribution: how many different people you've traded with
- payment method: the less risk the better

I'm not sure of the weight or priority, but I'm pretty sure it's something to the order I listed.

I can confirm that these things right here are the deciding factors to get your ads on the front page, though feedback and distribution don't necessarily help a trader's ad to get in the front page as I've seen several traders with lower than 80% positive feedback still making it in front pages. LBC hasn't detailed how to get your ads in the front page even though they are operating for years now, but then I'm pretty sure that these things are the main ingredients, with feedback and distribution at the least priority/important things.

[UserU]

I haven't traded on LBC due to the low volume, but I find Remitano to be much better since they have no requirements to get listed as the featured 5, as long as yours is the top 5 highest-price buyers or lowest-price sellers.

Plus, they have the volume too.

[AdolfinWolf]

I'm not sure of the weight or priority, but I'm pretty sure it's something to the order I listed.

Not entirely sure how it works on Localbitcoins, but on paxful you can have the best rates, most trades done in total, and highest volume/feedback, someone that has a higher % of completed trades will still be above you, i'm pretty sure.

(So let's say you make 4/10 trades a success, and someone else does 7/10, he'll definitely gets placed above you, regardless of his rates.)
As i said:l, not sure if this is also the way it works on LBC though.

I haven't traded on LBC due to the low volume, but I find Remitano to be much better since they have no requirements to get listed as the featured 5, as long as yours is the top 5 highest-price buyers or lowest-price sellers.

Plus, they have the volume too.

You must be kidding right? they have 40% rates, and not even for paypal/Venmo/payoneer, there's like 4 sellers in total from Zelle, BOA, and WU..?
Who would ever use them?

[Agarthian]

I traded on lbc with paypal in my early days

Got scammed someone reversed my paypal of 500 usd back when bitcoin was like 700$ as well.

Since then i stopped trading via paypal.

Wonder if things are better now ?

[leowonderful]

Nope, PayPal's actually become a little bit more aggressive against cryptocurrency related transactions and digital goods and services in general from what I've noticed in recent months. Chargebacks can and will still happen with PayPal and that's a risk you take when you transact with a reversible payment method like PayPal. If you still want to trade with PayPal, this forum (the Currency Exchange section specifically) is a decent place as long as you're trading with someone reputable around here.

[magneto]

I am being a trader on LBC for a week now (the one who create ads and sell and buy bitcoins) since I am interested on making short term profits with bitcoin on this vacation to start being a full time trader if I am able to trade on it with huge capital.

I didn't bought much bitcoin on LBC so my bought history is about one bitcoin until now but I had almost 100 trades for the last two year for selling alone so my by ad of "sell my bitcoin" at a cetain price is showing on the first page when I search on my countries name,but my ad of "buying your bitcoin" is not shown on fist page even if I am having better price so this is because of not enough trade history I think.

So if my ad of "buying your bitcoin" need to be on fist page how much completed trades and trade volume I need to have?This is the only thing I got from that site under FAQs.

My ad is not on the front page?
Only 6 advertisements per category are shown on the front page and certain high risk payment methods are excluded. You need be an experienced trader with many trades under your belt before your ads will show up on the front page.

I still sometimes see Paypal ads being in the front page, even though it is one of the highest risk transaction methods available on LBC that people actively trade with. Fairly sure that I've never seen gift cards being listed, though.

Apart from the obvious answers of reputation, and age of account, I think that another factor that plays in a role in determining your ad positioning is probably your response time. Most ads on the front page from anecdotal observation is green in response time. So if you only have a yellow or grey response time, you may be less likely to be featured on the front page.

I think that LBC most likely has an algorithm that takes all of these into account, and aggregates them before ranking them. If you want to know specifically how the algorithm runs, then you'd have to ask support, though they probably won't tell you anything given that people with inside info can game the system.

[Findingnemo]

Apart from the obvious answers of reputation, and age of account, I think that another factor that plays in a role in determining your ad positioning is probably your response time. Most ads on the front page from anecdotal observation is green in response time. So if you only have a yellow or grey response time, you may be less likely to be featured on the front page.

I think that LBC most likely has an algorithm that takes all of these into account, and aggregates them before ranking them. If you want to know specifically how the algorithm runs, then you'd have to ask support, though they probably won't tell you anything given that people with inside info can game the system.

I don't think the response time plays a big role on being at the first page because I have experience with many trader never responded for hours until the trade automatically cancel but still they managed to be on first page every time while I am logging in.

[UserU]

You must be kidding right? they have 40% rates, and not even for paypal/Venmo/payoneer, there's like 4 sellers in total from Zelle, BOA, and WU..?
Who would ever use them?

Their rates are somewhat high, no doubt but the number of sellers/ buyers vary from countries to countries.

For instance, Remitano in my country has like 15 pages of both buyers and sellers so the liquidity is high. On the other hand, LBC has lesser (in my country).

[1Referee]

Nope, PayPal's actually become a little bit more aggressive against cryptocurrency related transactions and digital goods and services in general from what I've noticed in recent months.

PayPal is such piss option. They are targetting even people buying/selling multiple GPU's without anyone mentioning the word mining. They blindly assume that people will use them for mining purposes and block accounts or freeze funds just because they can. It's retarded seeing people still use it. Even more retarded is that Coinbase is sucking them off to gain more exposure within the tight circle of legacy institutions.

Brian Armstrong once said that he wants to see Coinbase push crypto currencies to be used to reduce the power of intermediaries. We can see that.

[Patatas]

I don't think the response time plays a big role on being at the first page because I have experience with many trader never responded for hours until the trade automatically cancel but still they managed to be on first page every time while I am logging in.

That's true response time doesn' make a difference. Anyway, LBC's have messed up response time algorithms. They never get it right. I've had instances where the traders called and told me they are still in the bed while LBC showed them as online.

Since then i stopped trading via paypal.

Wonder if things are better now ?

Paypal is the worst choice of payment to trade anywhere. Use bank accounts on LBC instead.

[magneto]

-snip-

I don't think the response time plays a big role on being at the first page because I have experience with many trader never responded for hours until the trade automatically cancel but still they managed to be on first page every time while I am logging in.

Just because someone has a green rating for their response time doesn't mean that they'll always respond in time 100%, because it's based on historical figures. You may be right though. I'm just saying that personally, I've never seen anyone with below a yellow response rating (<30 mins on avg) have their ads listed at the front.

On a side note, if you think that the payment method you are selling with is hindering your exposure, perhaps labelling it as "other online payment" instead will help. WU, Neteller, and gift cards seems to be omitted but it doesn't seem to apply to the "other online payment" category.

I don't think the response time plays a big role on being at the first page because I have experience with many trader never responded for hours until the trade automatically cancel but still they managed to be on first page every time while I am logging in.

That's true response time doesn' make a difference. Anyway, LBC's have messed up response time algorithms. They never get it right. I've had instances where the traders called and told me they are still in the bed while LBC showed them as online.

That has more to do with the last online stat, as opposed to the typical response time.