LocalBitcoin = Shady

**Memento** · 05-09-16, 01:06 PM

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.

**Courtesywipe** · 05-09-16, 01:31 PM

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.

**raiders72001** · 05-09-16, 01:41 PM

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?

**Courtesywipe** · 05-09-16, 03:16 PM

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.