Silk Road forums
Discussion => Security => Topic started by: mrxempire on August 12, 2013, 03:19 am
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i've used localbitcoins one time successfully in order to acquire bitcoins. I messaged the seller, who gave me an account number. I went to BOA and filled out an out of state deposit state using the account number and gave it to the teller, then, I went back to my house and clicked "made the payment". About an hr later, the BTC appeared in my LBC wallet.
however, i've been thinking...What would happen if i went to the bank and paid the teller, but the LBC seller claimed he never received the money? Couldn't he just lie, and say that he never received the payment? Couldn't this same scenario also occur when meeting a LBC seller IRL to purchase BTC?
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Sure he could scam. That's why you should read reviews and trade with reputable people.
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Doesn't LBC use an escrow system? They also may have some sort of customer support service, like SR does.
When you make a deposit you should get a receipt that proves you sent the money. A scan of this should be enough evidence for support to know you are being scammed.
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Yes, they have an escrow service too.
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Doesn't LBC use an escrow system? They also may have some sort of customer support service, like SR does.
When you make a deposit you should get a receipt that proves you sent the money. A scan of this should be enough evidence for support to know you are being scammed.
Ya has anyone been through this process before though? I wonder how well the dispute resolution system works.