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Author Topic: [ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace  (Read 95423 times)
Soupulou
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October 06, 2014, 10:01:36 AM
 #761


Just the advertiser gets the fee, unless they changed it very recently and didn't update this: https://localbitcoins.com/fees

Oh that makes a lot more sense.  I tested it by requesting a trade with myself, and I guess since I'm the advertiser, I got dinged on both sides. DOH!

So the seller pays the whole fee? The buyer pays only the offered price?
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DannyHamilton
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October 06, 2014, 11:57:52 AM
 #762

So the seller pays the whole fee? The buyer pays only the offered price?

No.

The advertiser pays the whole fee.  The customer pays only the listed price.

If you create an ad to buy bitcoins then you will pay the 1% fee, and the seller that responds to your ad will receive your advertised payment.
If you create an ad to sell bitcoins then you will pay the 1% fee, and the buyer that responds to your ad will pay your advertised price.

Because the advertisers are generally aware of this fee, then typically adjust their advertisement to compensate themselves for the cost of the fee.  As such, it is actually the customer that is indirectly paying the fee.  An advertiser that wants to receive BitStamp+5% for the bitcoins that they are selling will typically sell on localbitcoins for BitStamp+6% to cover the costs of the fee.

The fee is only charged if the transaction is completed using localbitcoins transaction service.  If you meet the person face-to-face and the bitcoins are sent directly to the customer's wallet instead of going through the localbitcoins transaction service, then there is no fee charged.

The quality of posts has dropped to such a low level that all users who are participating in a paid signature campaign are added to my ignore list. If you'd like a copy of the list to improve your browsing experience, you can find it here: https://bitcointalk.org/index.php?topic=973843.0 (Updated 2016-1-4)
dscotese
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October 11, 2014, 07:44:24 PM
 #763

Site is down for me right now.  Went down about 20 minutes ago.

I like to provide some work at no charge to prove my valueAvoid supporting terrorism!
Satoshi Nakamoto: "He ought to find it more profitable to play by the rules."
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October 11, 2014, 07:57:53 PM
 #764

Looks like they just had to reenable their DDOS protection, which they did, so it's back up now.

I like to provide some work at no charge to prove my valueAvoid supporting terrorism!
Satoshi Nakamoto: "He ought to find it more profitable to play by the rules."
5000Bitcoins
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November 18, 2014, 11:21:42 PM
 #765

Oh man, I accidently sent BTC to my old localbitcoin address, saw too late it had changed to a new one.

It is with relief I can say that it ended up in my account anyway!

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November 19, 2014, 01:21:42 PM
 #766

Oh man, I accidently sent BTC to my old localbitcoin address, saw too late it had changed to a new one.

It is with relief I can say that it ended up in my account anyway!

As of a few weeks ago your address changes every time you send to it. You can always re-use the old ones too, but you get a new one every time you send coin to the new one.
-Dave

1800bitcoin.com domain for sale. PM me.
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November 20, 2014, 02:40:45 AM
 #767

Site's been down for a long time.  Any news?

I like to provide some work at no charge to prove my valueAvoid supporting terrorism!
Satoshi Nakamoto: "He ought to find it more profitable to play by the rules."
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November 20, 2014, 08:14:10 AM
 #768

Site's been down for a long time.  Any news?

I don't have any problem loading it now. You can try it again now after clearing your browser's cache.

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November 23, 2014, 04:07:43 AM
 #769

Quick update for all of you that aren't online in #localbitcoins-support:


Hi bitcoininformation,

i just signed into #localbitcoins-support but theres only me there.

has this IRC been changed ?

Bitcoin has a verification method built-in. Use it or GTFO
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November 23, 2014, 04:35:20 AM
 #770

#localbitcoins-chat

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November 23, 2014, 05:01:33 AM
 #771

#localbitcoins-chat

thx!

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Mitchell
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November 23, 2014, 09:39:11 AM
 #772

I apologize for the confusing. It is indeed #localbitcoins-chat.

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December 01, 2014, 10:13:33 AM
 #773

Get many scams on here?

INVALID BBCODE: close of unopened tag in table (1)
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December 01, 2014, 10:28:12 AM
 #774

Get many scams on here?

only if you accept buys from randoms with no/fake ID & stolen bank details.

the money was in my account, but the bank 'stole' it back

bank, police & web owners said, too bad be more careful - fuckers!

other than that its pretty solid.


Bitcoin has a verification method built-in. Use it or GTFO
ntm124
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December 05, 2014, 05:19:22 PM
 #775

The site: http://localbitcoins.com/

Features

- tries to resolve your location based on your IP, but you can also specify zipcode/postal code search
- anonymous by default, no email addresses shown. You decide afterwards if you accept the offer, and of course you can use throw-away email.
- specify your price using equation - makes it easy to make competitive pricing strategy
- transactions and reputation system. collect reputation via confirmed trades. It is possible to do the transaction on-the-spot with just an one device. Also it is possible to do the transaction with SMS message - quick and easy.

How to run a bitcoin cash exchange for fun and profit - guide

We also wrote a short tutorial for using the site: http://localbitcoins.com/cash_exchange_howto

Features under development

- better process for buyers/sellers
- better UI

Any suggestions are welcome! Especially feedback how well the location works for you, eg. how well your location is determined with the IP, etc.
sorry, are u the localbitcoins support

Come and trade with me safe and sound in LBC:
https://localbitcoins.com/accounts/profile/ntm124/
ntm124
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December 05, 2014, 05:27:12 PM
 #776

localbitcoins automatically release the bitcoin in my account today in 2 trades of wu. I lost 880$ .... Feeling really terrible. Dont know what to do now.

Come and trade with me safe and sound in LBC:
https://localbitcoins.com/accounts/profile/ntm124/
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December 05, 2014, 11:58:08 PM
 #777

localbitcoins automatically release the bitcoin in my account today in 2 trades of wu. I lost 880$ .... Feeling really terrible. Dont know what to do now.

how did that happen?

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December 06, 2014, 12:57:34 AM
 #778

localbitcoins automatically release the bitcoin in my account today in 2 trades of wu. I lost 880$ .... Feeling really terrible. Dont know what to do now.

how did that happen?
i have my account protected with 2 authentication step with the second step is the paper-based one. I stored the code in my other laptop. It breaks down a while ago. So i have to remove the 2 step after i got back the access to the account. I just got it back like 2 days ago. So i m changing and setting up my acc up to date. Yesterday there was a guy who make a purchase of 300$ btc by wu. I told him my wu closed earlier for the week. And it s stated in my contact hours. He asked abt dealing in pm. I said fine. We discussed abt reserve and everything. Just after a few mins i was away to have dinner, i came back and see his trade released. Right after that, i see another trade of 580 $ released as well, also from hi. U couldnt imagine how shock i am. It is too quick.i dont even know abt the 580 before. I just see an announcement from lbc to my email. I was so surprised, get to the website, get to released contact paged AND  see 2 trades from him released almost at the same time. Fuck my life.
The thing lbc support didnt give a damn care abt it. All they tell me is trade released, couldnt do anything. Not even a single info abt it.
A nice guy in the lbc forums that i might click a phising link. And that s true because i clicked a support link earlier. But i still dont understand. At least, i have email verification with lbc. So when the ip changes, it supposed to send verfication code to my email. And my email has 2 step protection linked to my cell. Then how can he do it.

Come and trade with me safe and sound in LBC:
https://localbitcoins.com/accounts/profile/ntm124/
superSTAR777
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★777Coin.com★ Fun BTC Casino!


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December 06, 2014, 08:33:54 AM
 #779

really nice and helping me sell/buy my BTCOINS easily

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ntm124
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December 06, 2014, 02:20:38 PM
 #780

after I talked with my sister, we figured out the way how he could do it. the link in the phising email is the link that disable the login guard and sending the pw to the address at the same time. so he can log in the website easily. so this means that we have a bug in localbitcoins security sistem that the hackers used it to attempt. so watch out guys, dont make the day like me ...turn on the 2 authentication factor and never click any link even if it is sent from localbitcoins. if u see the link that ask u for username a pw, turn it off immediately, thanks .

Come and trade with me safe and sound in LBC:
https://localbitcoins.com/accounts/profile/ntm124/
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