Lot of new registered account on LBC trying to buy bitcoins at premium rates who were mostly laundering money from hacked bank accounts into bitcoins.
Here are the something things you should do if you don't want to get into any trouble.
- Avoid trading with unverified accounts (accounts didn't verified their real name on LBC site).
- Avoid trading newly registered accounts and low trading volumed accounts.
- While you creating ads click check box of Real name required,ID verification required.
- Have low trade limit of high risky payment method.
- Never release btc before getting payment receipt (which is the only thing can help you to appeal against completed trade to LBC customer support).
More suggestions are welcomed by the community members to help the newbie traders on LBC.
For sure. And it's not just newbie traders either - I see a ton of experienced traders with pretty decent trading records with over 500+ or even 1000+ trades recorded in some instances offering 5-10% (or even 30% just once) premiums on bank transfer funds and Paypal funds.
Just keep in mind the fact that high ranking LBC accounts can be bought and sold, just like bitcointalk accounts, and they can be hacked as well. So don't blindly trust someone's rep or at least decide whether or not they're trustworthy solely on it.
Personally, I've came across another scam which is very subtle just not long ago. The buyer tried to deposit an empty cheque into my bank, which showed up in my balance, but wasn't in my "available balance". Extremely subtle if you don't look for the signs of it. In general, be ultra careful whenever you're selling BTC, since that's the irreversible side most of the time.