[ANN] LocalBitcoins.com - a location-based bitcoin to cash marketplace

[Albert Hamilton]

If you are not satisfied with www.LocalBitcoins.com, you might like to check www.100bit.co.in. Though, for now, u need an invite to join this...

Well that is pointless for Mr joe public who does not know anyone in the circle to invite him in..... sounds great for all the black market dealers who want to cash out though

Sorry. I did not understand your statement. The site posted before that it is still under beta testing and hence only people with invitation are allowed. Before they fix all problems, they wont allow open sign up. I dont get, what black market has to do with this !!!

I told u to check as you said LocalBitcoins.com fees are higher. As per 100bit.co.in home page statement, it will take 0.01 BTC to join the platform and then 0.001 BTC for each trade, irrespective of the trade amount.

p.s. I dont understand who is deleting my post and why it is getting deleted ?

you are advertising a competing service.....

I was mainly joking, for the average person that site is not an option and for black market sellers it would be easy to share invitations between each other, bad humor.

U were talking about MyCellium. How can that be allowed then ?

[1714771010]

1714771010

[arnab]

this is the first exchange from where i got my real money for bitcoin.i just love this site

[Mitchell]

I downloaded the app but never got around to setting it up, just seem to use my browser when using LBTC on the move.

Really it is not LBTC's fault customers try and do charge backs, it should be easy enough to prove to the bank you upheld your part of the bargain.

In this case i did not notice the user was using Tor, i normally deny people using Tor or a proxy and it would be nice if LBTC gave the option to automatically deny transactions like such, just like i can choose to have ID verification a requirement.

When you open the app for the first time it will use a browser to get your authentification to use your LBTC account. So if you aren't logged in on your phone, you will have to do that. Afterwards it's a dedicated app which doesn't use your browser. Just give it a try.

And yes, it is easy, because they have to use an invoice number when sending the money to you. That invoice number can be linked to the transaction you have done on LBTC thus making transaction reversals useless (most of the time).

[molecular]

.. if you ask me, i prefer mycelium.
...

DITO

Me too... No stupid bank wire offerings. Market still very small in my area, though

[skivrmt]

I downloaded the app but never got around to setting it up, just seem to use my browser when using LBTC on the move.

Really it is not LBTC's fault customers try and do charge backs, it should be easy enough to prove to the bank you upheld your part of the bargain.

In this case i did not notice the user was using Tor, i normally deny people using Tor or a proxy and it would be nice if LBTC gave the option to automatically deny transactions like such, just like i can choose to have ID verification a requirement.

When you open the app for the first time it will use a browser to get your authentification to use your LBTC account. So if you aren't logged in on your phone, you will have to do that. Afterwards it's a dedicated app which doesn't use your browser. Just give it a try.

And yes, it is easy, because they have to use an invoice number when sending the money to you. That invoice number can be linked to the transaction you have done on LBTC thus making transaction reversals useless (most of the time).

How much do you trust the app though?  It's not technically LBC app right, a third party made it?

[Mitchell]

How much do you trust the app though?  It's not technically LBC app right, a third party made it?

They are a third party app that uses the LBTC API and I have been using the app for a year now, without any problems. But yes, you will have to trust the third party to not fuck you.

[chmod755]

I just emptied my LocalBitcoins wallet after using them for a while, because LocalBitcoins is not doing enough to protect their users.

[giszmo]

I just emptied my LocalBitcoins wallet after using them for a while, because LocalBitcoins is not doing enough to protect their users.

Could you elaborate what your main concern is? Did they state to not have a cold wallet or something? As long as they have 95% in cold wallets, I assume they will bail out anybody who looses money due to their fault.

[chmod755]

Could you elaborate what your main concern is? Did they state to not have a cold wallet or something? As long as they have 95% in cold wallets, I assume they will bail out anybody who looses money due to their fault.

1.They are not taking action against dishonest people - they could drastically reduce the number by banning all Tor/VPN/Proxy users and requiring ID from all users.
2.They are not working to improve their credit rating ->  dealing with them may have a negative impact on your own credit rating.
3.I don't know about their cold wallet/hot wallet policy, but they still don't use multisig...

[bomberb17]

Could you elaborate what your main concern is? Did they state to not have a cold wallet or something? As long as they have 95% in cold wallets, I assume they will bail out anybody who looses money due to their fault.

1.They are not taking action against dishonest people - they could drastically reduce the number by banning all Tor/VPN/Proxy users and requiring ID from all users.
2.They are not working to improve their credit rating ->  dealing with them may have a negative impact on your own credit rating.
3.I don't know about their cold wallet/hot wallet policy, but they still don't use multisig...

Regarding (1), you can always reject trading with Tor/Proxy users and/or require ID verification..

[chmod755]

Regarding (1), you can always reject trading with Tor/Proxy users and/or require ID verification..

Yes, you can do that and all active traders are doing that, but newbies might have a very a bad experience due to that.

[mrhelpful]

I just emptied my LocalBitcoins wallet after using them for a while, because LocalBitcoins is not doing enough to protect their users.

Are you referring to their escrow? or how they handle the situations with escrow?

if you had a bad taste with them, can you explain your story. I`m aware some people have been doing cash deposit reversals on the same day when they get their bitcoin but they cant really do much about anything really.

which payment option did you go with?

[giszmo]

Could you elaborate what your main concern is? Did they state to not have a cold wallet or something? As long as they have 95% in cold wallets, I assume they will bail out anybody who looses money due to their fault.

1.They are not taking action against dishonest people - they could drastically reduce the number by banning all Tor/VPN/Proxy users and requiring ID from all users.
2.They are not working to improve their credit rating ->  dealing with them may have a negative impact on your own credit rating.
3.I don't know about their cold wallet/hot wallet policy, but they still don't use multisig...

So no issue here. Thanks for clarifying.

I support the use of TOR and anonymity and would leave LB if it would follow your advice. I prefer you leave.

[chmod755]

WARNING: I just received a phishing email (from news@coinbase.com) on the email address I used to sign up to LocalBitcoins.

I have only ever used this particular email address to sign up to LocalBitcoins - this means that the database of LocalBitcoins has been compromised.

I don't know if email addresses have been leaked in a previous hack or if it happened recently, but I didn't receive any emails other than LocalBitcoins notifications there until today.

[Rmcdermott927]

Be careful with buying paypal mycash codes on here.  Paypal is shutting down people's accounts.

[LazerSMS]

WARNING: I just received a phishing email (from news@coinbase.com) on the email address I used to sign up to LocalBitcoins.

I have only ever used this particular email address to sign up to LocalBitcoins - this means that the database of LocalBitcoins has been compromised.

I don't know if email addresses have been leaked in a previous hack or if it happened recently, but I didn't receive any emails other than LocalBitcoins notifications there until today.

it happened to me but I'm not registered to localbitcoins... so you can do the math

[TommyDespina]

Anyone selling there LBC account check this > https://bitcointalk.org/index.php?topic=1075519.0

[Rotten Egg]

WARNING: I just received a phishing email (from news@coinbase.com) on the email address I used to sign up to LocalBitcoins.

I have only ever used this particular email address to sign up to LocalBitcoins - this means that the database of LocalBitcoins has been compromised.

I don't know if email addresses have been leaked in a previous hack or if it happened recently, but I didn't receive any emails other than LocalBitcoins notifications there until today.

it happened to me but I'm not registered to localbitcoins... so you can do the math

Be careful if you have used the same email address on BitcoinTalk as well as LocalBitcoins. As the DB is now supposedly in the public domain (Ref: http://satoshibox.com/5568fdd512fb6d98558b462d) hackers may use it in the wrong way.

[erpbridge]

@Localbitcoins any reason why you are charging us random fees on the withdrawals on the website ? I have been charged much more than the normal transaction fees couple of times in the last couple of days.

[nikona]

@Localbitcoins any reason why you are charging us random fees on the withdrawals on the website ? I have been charged much more than the normal transaction fees couple of times in the last couple of days.

What do you mean by random fees ? Their site says

Transfer fee is usually 0.0001-0.0004 BTC per outgoing transfer, but sometimes it can be a more or less because of the non-deterministic nature of generated bitcoin transactions.
 So it can be anything in that range same as the one which can be seen in the blockchain transaction.