LocalBitcoins asking to verify account

[UmerIdrees]

Today I received a mail from LocalBitcoins with the subject "You have bitcoins on LocalBitcoins - Check your account verification"
I don't remember if I had any bitcoins left there and also the LocalBitcoins already closed their service a long time back.

What is the point of sending this email and what could be the possible reason for this 

By the way, this email came from no-reply@localbitcoins.com and I guess this is no phishing attempt as it is a legit address. Although there was a button "Verify your account" in the email, I did not click on it.

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[Charles-Tim]

Do not click on the link on the email.

Use the correct URL to login to check if it is true. I think people can still login on the site, check balance and withdraw. But you have to be careful of phishing attack. Login through the correct URL.

https://localbitcoins.com/

[BD Crypto]

Today I received a mail from LocalBitcoins with the subject "You have bitcoins on LocalBitcoins - Check your account verification"
I don't remember if I had any bitcoins left there and also the LocalBitcoins already closed their service a long time back.

What is the point of sending this email and what could be the possible reason for this  

By the way, this email came from no-reply@localbitcoins.com and I guess this is no phishing attempt as it is a legit address. Although there was a button "Verify your account" in the email, I did not click on it.

OP your post isn't appreciate in this Board as you see this board is for only Bitcoin Discussion. Here is a specific board which is Exchanges to post any discussion or ask something related to exchanges.

By the way, You will get your answer if you click on that link in a separate browser to find out if the website is real or not. But you have to be careful before login and recheck their website if name is authentic and try to use a new browser to check that. Receiving Emails from exchanges to verify KYC are pretty common but safety is the first priority. I didn't use this exchange for a single time but as far I know LocalBitcoins require KYC to use their exchange and here is their article about KYC :

[Wapfika]

Maybe you have a dust Bitcoin or you have history of having Bitcoin balance in there before their service close. I believe they send this email to all their users and they probably assume to just ignore the email if you don't have balance left in the casino. Do they have small print disclaimer on the bottom part of email?

I have this kind of email too on other services that shutdown even though I don't have money left in the exchange. I believe it's easy for them to send all rather than sort account with outstanding balance.

[jossiel]

I am not sure if that's the official no reply email of theirs but this is what I've found that's related to that domain email.

Investment scam : no-reply@localbitcoins.com
Fraudulent email   no-reply@localbitcoins.com

Scammed no-reply@localbitcoins.management

Much better not to click with any attachment from that email. There are actually more results if you're going to search about that email that messaged you.

[Jating]

Today I received a mail from LocalBitcoins with the subject "You have bitcoins on LocalBitcoins - Check your account verification"
I don't remember if I had any bitcoins left there and also the LocalBitcoins already closed their service a long time back.

What is the point of sending this email and what could be the possible reason for this 

By the way, this email came from no-reply@localbitcoins.com and I guess this is no phishing attempt as it is a legit address. Although there was a button "Verify your account" in the email, I did not click on it.

I guess you don't need to find the reasons, if you don't remember that you have bitcoin left there, then don't verify.

And as we all know of, it closes it's services already early this year, February 2023. So by now I think everyone should be aware or at least have withdraw their bitcoin from that services.

So in any case, just be careful.

[Nwada001]

If I could remember correctly, I guess I also received such mail from them a few months ago. I believe this was as a result of them checking their system and noticing some unclaimed balances after they sent out a warning mail to their customers to withdraw their funds. All they have to do is just auto-send mail to all their customers who have previously funded their accounts; it's now left for anyone who has a balance to go and claim it. And the KYC requirements will be for them to verify if the person who wants to claim it is the real owner of the account. Or it could all be a scam mail from people trying to scam you.

[BIT-BENDER]

Even if you think it looks real and the message came from the original local Bitcoin address there are still chances of risks involved in it, hackers and scammers can actually tap into the server or even hack the email addresses for platforms like this and then use it to send phishing links to their customers.

I think you should be very careful about it and verify from you account without clicking the link sent to you from your email it's best to take the appropriate precautions

[m2017]

Today I received a mail from LocalBitcoins with the subject "You have bitcoins on LocalBitcoins - Check your account verification"
I don't remember if I had any bitcoins left there and also the LocalBitcoins already closed their service a long time back.

What is the point of sending this email and what could be the possible reason for this  

By the way, this email came from no-reply@localbitcoins.com and I guess this is no phishing attempt as it is a legit address. Although there was a button "Verify your account" in the email, I did not click on it.

I must say right away that I don't like the title subject of the email. It all sounds too suspicious.

Since you don't remember having any bitcoin left at the LocalBitcoins, then most likely you don't have anything there and there is no need to click on the link in the email. I would not recommend clicking on links that you don't expect (unless, for example, it is a link to verify mail - but in this case you shouldn't do that anyway).

The reasons for sending this email may be different, but with a high degree of probability it is directed against your interests. This is most likely a phishing attack. If I were you, I wouldn't take the risk and delete this letter.

In general, my position on this matter is not at all original - ignore this email.

[Potato Chips]

Part of winding down is making sure your users get their funds out so if you still have some BTC's there, it would make sense to get a notice email. I'm not saying you should trust the email tho, it's just the reason would make sense. I could also imagine them sending out email notice to every user or smth.

In any case, you can try checking by logging in to your LBC account the typical way - key in the URL on your browser and login -. I advise not clicking any links on the email since malicious actors could still spoof emails where it would appear as if the email came from localbitcoins.com.

Binance talked about this in one of their articles:

All emails can be spoofed. Please be wary even if the email appears to be sent from an official Binance mailer email.

[famososMuertos]

Several users received an msm, literally, the reason they did KYC and registered a phone number, at the time it was necessary, localbitcoin went through various update processes in their TOS, so, If you have not logged in for many years, surely you not updated to its latest conditions.  

I don't understand which is your drama, You still has time to check, they continues to work for those who still have funds.

So it's simple, you have funds, login and that's it, if you don't, forget about that email.  I don't know, it is simply "carpentry",  the process in those cases.

[Cryptomultiplier]

I don't remember if I had any bitcoins left there and also the LocalBitcoins already closed their service a long time back.

Op, not remembering if you had any BTC may mean you once had an account with them and probably discarded the platform once there was the news about them closing their service.
If you did move your coins back then, I don't think the email you got should really concern you much, because it was maybe a bulk mail sent out to their old customers from their log address.

I think you should inquire or rather trace back your footsteps to the account and try if you can login. Or check your old read email messages, if you are the type who receives notification of transactions.

[Findingnemo]

Today I received a mail from LocalBitcoins with the subject "You have bitcoins on LocalBitcoins - Check your account verification"
I don't remember if I had any bitcoins left there and also the LocalBitcoins already closed their service a long time back.

What is the point of sending this email and what could be the possible reason for this 

By the way, this email came from no-reply@localbitcoins.com and I guess this is no phishing attempt as it is a legit address. Although there was a button "Verify your account" in the email, I did not click on it.

I was using LBC until the closure of their services completely and I did had some dust account never bothered to withdraw them cause the amount is actually lesser than the withdrawal fee but never received any email from LBC about that so I guess the email you received is not from official and someone is trying to impersonate with the intention of collecting your credentials.

[Stalker22]

The sender's address in an email message can be spoofed. Email spoofing is possible because the SMTP protocol used for sending emails does not have built-in mechanisms to verify the authenticity of the sender's address. When an email is sent, the sender can freely specify the "From" field in the email header, which means they can input any email address they want, including addresses that do not belong to them. Even with a careful analysis of the raw email header, it is still possible for skilled attackers to obfuscate their tracks and make the email appear legitimate.

OP, you should carefully check the URL addresses that the buttons in the email message are trying to take you to before clicking on them. If something appears suspicious, refrain from clicking. It is better to use a legitimate URL to log into the service and check if you have any resources there that would be worth the effort.

[virasog]

Maybe you have a dust Bitcoin or you have history of having Bitcoin balance in there before their service close. I believe they send this email to all their users and they probably assume to just ignore the email if you don't have balance left in the casino. Do they have small print disclaimer on the bottom part of email?

I have this kind of email too on other services that shutdown even though I don't have money left in the exchange. I believe it's easy for them to send all rather than sort account with outstanding balance.

In modern day, it does not take much to filter those accounts who have balances and then send the email to the relevant accounts. It does not make sense to email everyone and then everyone starts to verify their accounts (when it is not required) and increases the unnecessary traffic on the site.

By now, everyone should have withdrawal their money and the service was closed. I don't know in whom hands this site is currently and it seems that want to get our KYC data as asking us to verify account. Better not to click on any link plus avoid submitting any document on the site who have already announced the closure few months back.

[ananyabushra]

Looks like those emails might be scams. Never click on any link unless it's the official URL of LocalBitcoins. For buying or selling crypto with fiat, it's safer to use P2P on exchanges. I used to use Binance's P2P, but I got scammed once through SMS, so now I prefer Bitget's P2P. But overall, using P2P on other exchanges is fine for me

[tabas]

If you think that you've got no funds left there, better leave that email and keep it there or just ignore/delete it. Or if you want to take it, do it somewhere else or with another device you've got. These links could contain malware, and who knows what's inside aside from that.

I used to use Binance's P2P, but I got scammed once through SMS

Care to share how did it happened with your experience? It's gonna be a good share if you can make a thread about it.

[ananyabushra]

If you think that you've got no funds left there, better leave that email and keep it there or just ignore/delete it. Or if you want to take it, do it somewhere else or with another device you've got. These links could contain malware, and who knows what's inside aside from that.

I used to use Binance's P2P, but I got scammed once through SMS

Care to share how did it happened with your experience? It's gonna be a good share if you can make a thread about it.

It's been ages since that happened. I once placed an order on Binance's P2P platform, using a local mobile banking service, let's call it XYZ, as my payment method. Shortly after, I received an SMS stating that I had received a certain amount of money, let's say "ABC"

Surprisingly, the SMS displayed my actual account balance, which led me to believe it was accurate, and without cross-checking on the app, I released USDT. However, later on, I discovered that the money hadn't actually been received. I'm still puzzled as to how they managed to display my real balance in that SMS.

[Z-tight]

For buying or selling crypto with fiat, it's safer to use P2P on exchanges. I used to use Binance's P2P, but I got scammed once through SMS, so now I prefer Bitget's P2P. But overall, using P2P on other exchanges is fine for me

P2p is only true on p2p exchanges like Bisq, AgoraDesk and others

Surprisingly, the SMS displayed my actual account balance, which led me to believe it was accurate, and without cross-checking on the app, I released USDT. However, later on, I discovered that the money hadn't actually been received. I'm still puzzled as to how they managed to display my real balance in that SMS.

I don't know if your phone number is visible when you trade with someone else on Binance, so i guess your trading peer saw your phone number and your account number which is already published for payment, then they sent you a fake alert with the amount to your phone number. If you want to verify such payments it is always better to check your bank's mobile app as well, without relying on only the alert you received via sms.

[ananyabushra]

For buying or selling crypto with fiat, it's safer to use P2P on exchanges. I used to use Binance's P2P, but I got scammed once through SMS, so now I prefer Bitget's P2P. But overall, using P2P on other exchanges is fine for me

P2p is only true on p2p exchanges like Bisq, AgoraDesk and others
The Global exchanges are also good. One notable benefit is that you can use the P2P feature for multiple currencies when needed.

Surprisingly, the SMS displayed my actual account balance, which led me to believe it was accurate, and without cross-checking on the app, I released USDT. However, later on, I discovered that the money hadn't actually been received. I'm still puzzled as to how they managed to display my real balance in that SMS.

I don't know if your phone number is visible when you trade with someone else on Binance, so i guess your trading peer saw your phone number and sent you a fake alert with the amount to your phone number. If you want to verify such payments it is always better to check your bank's mobile app as well, without relying on only the alert you received via sms.

Yeah. I do recheck now!