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Author Topic: localbitcoin steals me?  (Read 447 times)
khunyung
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January 08, 2020, 01:48:13 AM
 #21


Virtual or not, it has to count as some sort of good/property. I think that's best to find/ask a lawyer. Edit: I googled for ask a lawyer spain and I've seen some free services which may be what you need.


The thing is it doesn't have to count as anything but random digits on some website.
So if @paddy_exchange doesn't want to lose bitcoin he has to accept T&C and withdraw or contact support in order to withdraw funds without accepting new T&C
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paddy_exchange (OP)
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January 08, 2020, 02:39:02 PM
 #22

~snip~
What I see here is your account is being blocked or locked and you can't able to withdraw your bitcoin out from localbitcoins.

I don't see that they steal your bitcoins they just locked your account I think if you want to withdraw better accept their new terms and verify the KYC process this time and they will unlock your account back.
Unlike before you can able to use their service without any KYC verification but right now they are forcing customers and users to accept the new terms including the KYC verification.

But have you read it?
and ...
And have you understood?
I don't talk about KYC. I talk about T&C
localbitcoin can't steal your money if you don't accept a change of T&C. That is illegal.
have you understood now?

paddy_exchange (OP)
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January 08, 2020, 02:45:08 PM
 #23


Virtual or not, it has to count as some sort of good/property. I think that's best to find/ask a lawyer. Edit: I googled for ask a lawyer spain and I've seen some free services which may be what you need.


The thing is it doesn't have to count as anything but random digits on some website.
So if @paddy_exchange doesn't want to lose bitcoin he has to accept T&C and withdraw or contact support in order to withdraw funds without accepting new T&C

That is the theory.
the problem is that localbitcoin support doesn't solve it
Support does not allow me to access my bitcoin
if you don't accept the t & c = close the account
ok, close the acount
But let localbitcoin allow me to withdraw my bitcoin
And localbitcoin is not doing it

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January 08, 2020, 06:45:48 PM
 #24

I don't see you are in any serious issue of getting your bitcoin because their KYC limit is only for the trading amount and incoming transactions so you can accept their terms and withdrawl all bitcoins from your wallet,I am also faced this we can't navigate to any page of their platform without accepting their terms when they updated it but you are right here they should have close my account and give any funds back in their wallet if any user doesn't want to accept terms that is how coinbase works.

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goinmerry
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January 09, 2020, 10:56:19 PM
 #25


I think Localbitcoin announced the change of their terms so much ahead of the time before they implemented it.

It was never their fault in case you missed it.

Accepting their terms is your only choice if you really want to get back your funds.
paddy_exchange (OP)
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January 10, 2020, 12:24:13 AM
 #26

I don't see you are in any serious issue of getting your bitcoin because their KYC limit is only for the trading amount and incoming transactions so you can accept their terms and withdrawl all bitcoins from your wallet,I am also faced this we can't navigate to any page of their platform without accepting their terms when they updated it but you are right here they should have close my account and give any funds back in their wallet if any user doesn't want to accept terms that is how coinbase works.

That's precisely the problem
localbitoin does not allow me to withdraw my bitcoin
If localbitcoin wants to close the account, ok.
but my bitcoin are mine ...
And localbitcoin cannot legally take away my bitcoin because I don't want to accept its changes.
It's crazy

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January 10, 2020, 12:27:21 AM
 #27


I think Localbitcoin announced the change of their terms so much ahead of the time before they implemented it.

It was never their fault in case you missed it.

Accepting their terms is your only choice if you really want to get back your funds.

legally no. If he does he will be stealing
a change that says: accept or reject
I have to be able to refuse ...
Let's see if you understand:

- Sir, we are going to change the conditions, now you will pay 7 times more, you can accept or reject the change but if you reject it, you cannot continue with us.
- Ok, I refuse.
- No no, if you refuse we keep your funds ...

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January 10, 2020, 02:58:41 AM
 #28

localbitcoin steals me?

I have got 0.04233733 btc insite localbitcoin
I tried to withdraw
localbitcoin doesn't allow
localbitcoin has changed T&C and tell me
if you want your money accept the conditions
I do not want to accept imposed conditions
I may not accept
localbitcoin can close my account if wants
but localbitcion must allow me to withdraw my money before

but no...

to localbitcoin

I have to accept the conditions yes or yes or bye bye muy bitcoin...

localbitcoin steals me?

***

localbitcoin has my national identity document.
It is not identification. It is rejection of change of coditions

😂😂😂😂 I have a solution for you. If you can't accept new T&C just give me your account access .I can accept all kind of T&C and after Btc withdrawal we can share in 70% : 30% ratio . 70% your and 30% my share, what do you say 😀

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January 10, 2020, 03:25:16 AM
 #29

And this being a model user who has bought-sold + 50btc ...



How other users will be treated

paddy_exchange (OP)
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January 10, 2020, 03:29:06 AM
 #30

localbitcoin steals me?

I have got 0.04233733 btc insite localbitcoin
I tried to withdraw
localbitcoin doesn't allow
localbitcoin has changed T&C and tell me
if you want your money accept the conditions
I do not want to accept imposed conditions
I may not accept
localbitcoin can close my account if wants
but localbitcion must allow me to withdraw my money before

but no...

to localbitcoin

I have to accept the conditions yes or yes or bye bye muy bitcoin...

localbitcoin steals me?

***

localbitcoin has my national identity document.
It is not identification. It is rejection of change of coditions

😂😂😂😂 I have a solution for you. If you can't accept new T&C just give me your account access .I can accept all kind of T&C and after Btc withdrawal we can share in 70% : 30% ratio . 70% your and 30% my share, what do you say 😀

Your parents are brothers, right?

Findingnemo
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January 10, 2020, 07:42:43 AM
 #31

😂😂😂😂 I have a solution for you. If you can't accept new T&C just give me your account access .I can accept all kind of T&C and after Btc withdrawal we can share in 70% : 30% ratio . 70% your and 30% my share, what do you say 😀
Localbitcoin ToS says
Quote
[url author=https://localbitcoins.com/terms_of_service/][/url]You may not use the services or create an account on behalf of someone other than yourself. You may not act as an intermediary or broker. You are not allowed to sell, borrow, share or otherwise make available your account or any detail necessary to access your account to ANYONE other than yourself.

If you are doing this for money then it shows how untrustworthy person you are.

You are in risk of getting a negative rep for such activities. Tongue

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January 24, 2020, 10:19:25 AM
 #32

Now 22 country more with their money block
https://es.cointelegraph.com/news/localbitcoins-freezes-user-accounts-from-over-22-countries-panama-and-puerto-rico-among-the-countries-affected

Localbitcoin is very dangerous for your bitcoin....

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January 24, 2020, 10:42:16 AM
 #33

Localbitcoin is very dangerous for your bitcoin....

So two weeks after, did you finally agreed to their new T&C?

With the current ban wave from what I see from tickets number they are getting around 4000 a day, they even have an alert about it on their website, if you don't want to agree with them your only way would be account deletion which would take another two weeks, then waiting for the bitcoin to be returned ....
Better to simply agree to those damn terms, get your bitcoin and be done with them

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BitSat19
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January 25, 2020, 04:58:47 PM
 #34

Localbitcoin is very dangerous for your bitcoin....

So two weeks after, did you finally agreed to their new T&C?

With the current ban wave from what I see from tickets number they are getting around 4000 a day, they even have an alert about it on their website, if you don't want to agree with them your only way would be account deletion which would take another two weeks, then waiting for the bitcoin to be returned ....
Better to simply agree to those damn terms, get your bitcoin and be done with them
I am also facing this but thanks God as I was able to withdraw my all coins now already deleting my account as they are saying they have no time frame for next update about these 22 countries in market many options available for this all we have to use them.
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January 26, 2020, 03:14:46 AM
 #35

I am also facing this but thanks God as I was able to withdraw my all coins now already deleting my account as they are saying they have no time frame for next update about these 22 countries in market many options available for this all we have to use them.
But you withdrew before they decided to make everyone do the KYC or lose their coins, right? Or did they let you not accept the T&C, withdrawal and close the account?

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January 26, 2020, 11:43:11 AM
 #36

One of the saddest part is about those using LBC as their main wallet and ignore the risks expected. Am telling this because i know how much traders started their careers with LBC since old days 2014 and before, as i have met many of them in my local marketplace, and they fully trust the platform despite all the warning flags here and there .
What is actually happening with LBC can occur with all the other alternatives, so if you may lose the chance to use the p2p exchanges then please avoid to use them for holding big amounts. I would share the news in my local groups because unlikely most of the users in recent banned countries don't yet know about Tos change .
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January 26, 2020, 01:38:25 PM
 #37

I am also facing this but thanks God as I was able to withdraw my all coins now already deleting my account as they are saying they have no time frame for next update about these 22 countries in market many options available for this all we have to use them.
But you withdrew before they decided to make everyone do the KYC or lose their coins, right? Or did they let you not accept the T&C, withdrawal and close the account?
KYC is actually mandatory on localbitcoins according to my point of view. I have seen a number of sellers selling localbitcoin accounts and this is not at all tolerable. How could anyone sell false identity to make their own profits? People have used localbitcoins for a lot of illegal activities like buying with fake credit cards, etc.

This would have forced localbitcoins to start implying KYC verification to each and every registrant and this is actually not so bad as they would never leak your documentations but they would be stored in secure servers and would be used only when needed. This might also eliminate the fake accounts over there leaving clean and positive trades between real identities.

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BitSat19
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January 26, 2020, 06:08:42 PM
 #38

I am also facing this but thanks God as I was able to withdraw my all coins now already deleting my account as they are saying they have no time frame for next update about these 22 countries in market many options available for this all we have to use them.
But you withdrew before they decided to make everyone do the KYC or lose their coins, right? Or did they let you not accept the T&C, withdrawal and close the account?
My account already clear all 3 levels and I was doing trade suddenly few days back I check they delete all ads from my country list then I send them email about this issue and I have very quick reply that they are closing until next announcement if you in hurry then withdraw your funds and close your account so I done this.
Findingnemo
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January 26, 2020, 06:22:38 PM
 #39

One of the saddest part is about those using LBC as their main wallet and ignore the risks expected. Am telling this because i know how much traders started their careers with LBC since old days 2014 and before, as i have met many of them in my local marketplace, and they fully trust the platform despite all the warning flags here and there .
What is actually happening with LBC can occur with all the other alternatives, so if you may lose the chance to use the p2p exchanges then please avoid to use them for holding big amounts. I would share the news in my local groups because unlikely most of the users in recent banned countries don't yet know about Tos change .
Regulations changed from year and now so we can't really blame the exchanges since we know there is always risks associated with using centralized platforms.But if someone holds huge amount of their crypto assets on exchange they should change their habit even if there is no restrictions for your countries.Anything may happen at any time.

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chennappa121
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January 27, 2020, 12:56:09 PM
 #40

One of the saddest part is about those using LBC as their main wallet and ignore the risks expected. Am telling this because i know how much traders started their careers with LBC since old days 2014 and before, as i have met many of them in my local marketplace, and they fully trust the platform despite all the warning flags here and there .
What is actually happening with LBC can occur with all the other alternatives, so if you may lose the chance to use the p2p exchanges then please avoid to use them for holding big amounts. I would share the news in my local groups because unlikely most of the users in recent banned countries don't yet know about Tos change .
Regulations changed from year and now so we can't really blame the exchanges since we know there is always risks associated with using centralized platforms.But if someone holds huge amount of their crypto assets on exchange they should change their habit even if there is no restrictions for your countries.Anything may happen at any time.

Yes the localbitcoins has been done lot of changes in their tram and conditions over the years. Now it comes very difficult to use the localbitcoins without kyc and they have different levels in kyc if you passed all those then nothing problem to use localbitcoins otherwise it will very difficult to use.

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