LocalBitcoin = Shady

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  • Courtesywipe
    SBR MVP
    • 09-02-11
    • 1623

    #1
    LocalBitcoin = Shady
    Well my introduction to BitCoin has not been great to say the least. I make one transaction buy coin at Coinbase and my limits are immediately cut to $10 buy limit on debit card and $50 buy limit on bank account.

    So I try LocalBitcons. I start trade. Proceed to bank and deposit CASH as I am instructed. Take pic f receipt, upload copy. The seller says he didn't receive $$ and I end up with ZERO Bitcoin and lose my cash. WTF! That shady site will be out of business there is no doubt.
  • Memento
    SBR MVP
    • 01-28-15
    • 1192

    #2
    Originally posted by Courtesywipe
    Well my introduction to BitCoin has not been great to say the least. I make one transaction buy coin at Coinbase and my limits are immediately cut to $10 buy limit on debit card and $50 buy limit on bank account.

    So I try LocalBitcons. I start trade. Proceed to bank and deposit CASH as I am instructed. Take pic f receipt, upload copy. The seller says he didn't receive $$ and I end up with ZERO Bitcoin and lose my cash. WTF! That shady site will be out of business there is no doubt.
    I use circle and have had no problems. I used snapcard too and it was fine, just takes longer. I am skeptical about local and the markup pricing sure sucks.
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    • Courtesywipe
      SBR MVP
      • 09-02-11
      • 1623

      #3
      Originally posted by Memento
      I use circle and have had no problems. I used snapcard too and it was fine, just takes longer. I am skeptical about local and the markup pricing sure sucks.
      I call WF bank and they confirmed that $$ is in traders account. I have a dispute open now. This is bullshit. My first LocalBitcons trade and I'm in this mess.
      Comment
      • raiders72001
        Senior Member
        • 08-10-05
        • 11018

        #4
        Originally posted by Courtesywipe
        Well my introduction to BitCoin has not been great to say the least. I make one transaction buy coin at Coinbase and my limits are immediately cut to $10 buy limit on debit card and $50 buy limit on bank account.

        So I try LocalBitcons. I start trade. Proceed to bank and deposit CASH as I am instructed. Take pic f receipt, upload copy. The seller says he didn't receive $$ and I end up with ZERO Bitcoin and lose my cash. WTF! That shady site will be out of business there is no doubt.
        What's the username of the seller?
        Comment
        • Courtesywipe
          SBR MVP
          • 09-02-11
          • 1623

          #5
          Originally posted by raiders72001
          What's the username of the seller?
          sage.

          He filed dispute against me after 45 minutes. I called WF bank and they confirmed funds were in his checking account. He said they werent there. 5 hours passed. I got on the forum and informed buyers. Then all the sudden he says he gets funds and released coin. Had to sweat for it. Hopefully future transactions fo better.
          Comment
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