is Localbitcoin Now scamming?

[deShark]

I deposited a very large sum to my local bitcoin account last week to profit from the bitcoin price hike my bitcoin coins disappeared and my account was required to be verified for the next tier which is address validation I promptly submitted what they requested and it was rejected I resubmitted the documents with all their new requirement and each time it's rejected its almost as if they are deliberately rejecting this documents to hold my money. I checked block explorer and the address I sent the funds to has sent the exact amount out from the address just 3 hours after sending it in WTH.support is advising me to request deletion of my account if I need to withdraw my funds without completing the verification which I know won't go well because they can just delete my account and not send me my money. so many people are having a similar issues on Reddit and twitter i have been using them for over 10 years and am so upset because that's a large sum i cant afford to lose.

 

[bartosimpsonio]

Did you send these coins from your exchange wallet directly?

They detected something wrong in your TX. It might have been mixed in the same TX as some suspect address. Never send from exchange wallets to localbitcoins.

Now you'll need to complete their verification. Be patient and just comply.

 

[FannyG]

Try your best to get it verified. Don't request deletion!

 

[sachinsadevra]

I deposited a very large sum to my local bitcoin account last week to profit from the bitcoin price hike my bitcoin coins disappeared and my account was required to be verified for the next tier which is address validation I promptly submitted what they requested and it was rejected I resubmitted the documents with all their new requirement and each time it's rejected its almost as if they are deliberately rejecting this documents to hold my money. I checked block explorer and the address I sent the funds to has sent the exact amount out from the address just 3 hours after sending it in WTH.support is advising me to request deletion of my account if I need to withdraw my funds without completing the verification which I know won't go well because they can just delete my account and not send me my money. so many people are having a similar issues on Reddit and twitter i have been using them for over 10 years and am so upset because that's a large sum i cant afford to lose.

you can never be so sure about it! can you? there is a may be or maybe not!

 

[Salamouna]

just ask for refund
don't worry

 

[k2h2]

Contact them will all details, they will solve your issue.

 

[deShark]

UPDATE: They have rejected real ids and legit documents 15 times and on my 16 submissions they accepted a forged and photoshopped document. this left me completely confused. my final conclusion don't keep a lot of money on lbc I got lucky and seeing they intentionally locked my funds for close to 2 weeks I won't trust them again. this might be a complete coincidence or something else .

 

[PrincZ]

UPDATE: They have rejected real ids and legit documents 15 times and on my 16 submissions they accepted a forged and photoshopped document. this left me completely confused. my final conclusion don't keep a lot of money on lbc I got lucky and seeing they intentionally locked my funds for close to 2 weeks I won't trust them again. this might be a complete coincidence or something else .

damn, how much are we talking about? i no longer use lbc. use other major exchanges

 

[ANewBeginning]

Just use P2P trades. Nothing beats doing business directly with someone else without a middle man, without giving ids and no fees

 

[deShark]

Just use P2P trades. Nothing beats doing business directly with someone else without a middle man, without giving ids and no fees

while that might be a good solution for small trades it's leaving you completely vulnerable to scammers. which will inevitably happen if you don't use an escrow.

 

[pocketttt]

I have used they services few times and made verifications without problem, but i was only transferring few money

 

[stang3r]

I think they have good reputation

 

[ANewBeginning]

while that might be a good solution for small trades it's leaving you completely vulnerable to scammers. which will inevitably happen if you don't use an escrow.

That's why you do small trades with a LOT of people. You reduce risk and you keep your privacy. It's a risk I take for NOT giving away my ID info.

 

[deShark]

I think they have good reputation

Yeah, they do have a good reputation that's why I have been with them for almost a decade, am questioning their behavior as a somewhat financial institution that is supposed to be aware of the volatility of the kind of digital assets being stored on their platform. it was pretty clear they where stalling because I gave them all they requested and it was rejected.

 

[dekadent30]

Better use localcryptos, no KYC and you have full control over your wallet

 

[Intofantasy]

They are the biggest f*** SCAMMERS!
This is from experience, the admins helps the scammers thats the thing, i provided evidence that was concrete!
Yet it favored the idiot which was an "trader" from nigeria.

2 trades, one of 500, one at 1000.

funny shit, they even closed all matters when i did tell them that i would advice my lawyer to sue the person which went against the terms as they stand for......
Just laughble.

 

[Primerax]

This is a clear abuse of power and just goes to show how we really need decentralized solutions

 

[Intofantasy]

This is a clear abuse of power and just goes to show how we really need decentralized solutions

Would not be chocked if these idiots were scamming the money in their own pocket.
As i paid FNF paypal payments.

All proofs were provided.
In the end people are just greedy idiots like these atleast.

 

[lotsofmoney]

You should first get verified and then do any transaction.

 

[Chris Newman]

OP, you are lucky to get back a hold of your funds. NEVER trust a centralized platform (peer to peer, trading, etc), use it only as & when needed. Keep your bulk in decentralized wallets like Trust Wallet, Atomic Wallet. Ofcourse, the bigger centralized exchanges like Binance, etc are trustworthy, but still keep your main portfolio in decentralized wallets only.