Getting Started on Local Bitcoin
Even above credit cards and personal information. That makes them a big target. Even the smartest and most vigilant people occasionally get scammed.
Local Bitcoins - The End Of An Era
Pick based on their history. If you advertise in the forums many of the responses will be from scammers.
Do not respond to ads in the forums. Most are spammers or sellers with dubious reputations that cannot get business any other way.
LBC does have horrible customer service but their automated escrow system is there to does not go to local bitcoin you. Once the seller has responded they are ready to trade, send your payment info through the message box of the trade you started.
Do not send your payment information any other way! Do not email your payment information Do not text your payment information Do not call anyone and give them your payment information over the phone.
This is because these services make buying and selling Bitcoin easy, but with convenience comes a cost.
Mark your payment as made. Do not do this until you have sent the payment. If you mark the payment as made before sending your payment or to keep the trade open, the seller will likely block you and leave you negative feedback.
If you have sent payment information do not cancel the trade. Localbitcoins wallet system protects you as long as you have 2FA turned on.
Do not send bitcoins to any other wallet address than the one you own. If they ask for it they are likely trying to scam you.
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Have any other tips for buying Bitcoin without getting scammed? Leave us a comment.
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