Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ChixHunter on September 02, 2018, 03:19:54 PM

Title: Have you ever exchanged your Bitcoins through Localbitcoins?
Post by: ChixHunter on September 02, 2018, 03:19:54 PM
I've had terrible experiences in that website (4000$ stollen because of some fucker claiming that the zelle transfer was a fraud). Tell me about your experience!
Title: Re: Have you ever exchanged your Bitcoins through Localbitcoins?
Post by: cryptothief on September 02, 2018, 09:20:32 PM
I know of plenty of people who have used it with no issue, but it will always carry an element of risk with the 'one on one' factor. Unfortunate that you lost out, have you tried to resolve it since or resigned yourself to the fact that you lost money and put it down to a (expensive) learning experience?
Title: Re: Have you ever exchanged your Bitcoins through Localbitcoins?
Post by: Lukasz on September 02, 2018, 11:02:32 PM
I tried to use local bitcoins it seemed very complicated and not transparent i think projects like dether have higher chance of succes due to business model they have chosen
Title: Re: Have you ever exchanged your Bitcoins through Localbitcoins?
Post by: moonking on September 02, 2018, 11:28:19 PM
I've had terrible experiences in that website (4000$ stollen because of some fucker claiming that the zelle transfer was a fraud). Tell me about your experience!

Extreme due diligence is required when selecting someone to trade with on local bitcoins.  Price consideration flies out the window, only people one can trade with are well established dealers with massive amounts of customers and positive score.  There should be more than one for each payment method, than out of those legend traders, one can look at the price, min purchase, etc.  I made a couple of trades there, and everything went smooth, I only traded with well established traders.  However, the withdraw fee at he time was like 6 bucks, and it would be deducted before hand, it was strange, and I only used it for small amounts, so it was bad.  I stopped using it, and found a traditional exchange for everything. 
Title: Re: Have you ever exchanged your Bitcoins through Localbitcoins?
Post by: Zed0X on September 03, 2018, 01:00:35 PM
Nope. I do not see why people would risk using this kind of exchanges just because they claim they offer a better rate.
Title: Re: Have you ever exchanged your Bitcoins through Localbitcoins?
Post by: tamango on September 03, 2018, 01:26:21 PM
I wanted to do an exchange 1 year ago but then I didn't do because everything seemed to me little transparent. I prefer traditional exchanges (better if they are big and well known)
Title: Re: Have you ever exchanged your Bitcoins through Localbitcoins?
Post by: aji678 on September 03, 2018, 01:48:59 PM
Yes, I withdrew money from ATMs, in our country so as not to suspect an offense (laundering money) we need to deduce 50 thousand or simply pay with a bank card.