LFC_Bitcoin
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October 11, 2017, 03:05:57 PM

It's 2017, Jay. Why are you still using Localbitcoins?

What’s wrong with LocalBitcoins? On the rare occasion that I’ve sold some of my stash I’ve sold there. Never had a problem with them as long as you sell to somebody with multiple 100% positive feedback.

Multiple 100% feedback says nothing. Or are you under the assumption that that guy who lost his 85 coins transacted with someone with zip or negative feedback?

It was a zero feedback person. Almost everyone that bought from me in Germany had no feedback because Germany did all of us sellers a favor and banned localbitcoins from Germany. All that did was locked in all of our ads which gave me a monopoly listing (2 listings, one making 10% and one making 15%) in my area and people could only connect to the site via VPN. 100% of my sales were with people buying on localbitcoins for the first time, I enjoyed helping to introduce Germans to Bitcoin and usually gave them some advice on how to take care of their BTC and some good places to spend them. I had done 15k transactions before so this was not too big of a stretch.

I was actually not going to go to that final sale but it was my 100% rating with over 100 transactions that I didn't want to screw up in case I wanted to sell again in another place.

Did you release the bitcoin’s before the money landed in your bank account? I’m not being sarcastic, it’s just when I have used LocalBitcoin’s UK version the coins are held in escrow, the buyer pays you & then you release coins. No payment, no release.

Was it different in the really early days when you used it?

Thankfully you’re a really early adopter so I hope the loss didn’t affect you too much Smiley