For some trades we require a trading partner to be Paypal Verified. This helps us in establishing identity and avoiding scams or thefts. As the consumer, you want to be verified because it makes it harder for someone to hack your Paypal account or steal your identity. The verification process varies from country […]
Cash deposits into bank accounts are one of the most frequent targets of scammers. Below are examples of the photos we require for release of bitcoin bought through cash deposits. Photo with teller business card We currently call the bank to speak with tellers to verify a cash deposit was made and remind them not […]
Special thanks to Dinbits for helping us put this together. Check out his bitcoin trading calculator Ad or advert – A trade advertisement to buy or sell Bitcoins Assburger Syndrome – When someone asks people for help and then doesn’t like the answers they give. If that person ignores the help or responds by cursing and being stupid he/she has Assburger […]
We recently noticed a pretty obvious scammer on LocalBitcoins.com . What was shocking to us is that people still attempted to do trades with him. This is our video tutorial of how to read a LocalBitcoins profile and recognize some of the signs they may be a scammer.
Every day amateur bitcoin sellers post on one of the bitcoin forums about how they were trying to sell bitcoin and got scammed. These amateur sellers are commonly known as “windowlickers“. They lose their money, their bitcoin and still consider themselves smart enough to make money with bitcoin. The fact is most sellers lose more money than […]
[vc_row][vc_column][vc_column_text] Sign up for Special Deals! * indicates required Email Address * First Name * Last Name * [/vc_column_text][vc_column_text] This is not an offer to trade out of escrow on Localbitcoins. If you were sent a link to this page it is because there is information here you need to read before we can do […]
Bitcoin trading is a risky proposition. Recently the influx of amateur traders with no idea true idea of the costs or risks involved has lowered prices and made bitcoin trading less profitable. Those profits are what professional traders used to offset the inevitable losses from price fluctuations and scams. Often professional sellers are forced to […]
We are long time ProTraders on LocalBitcoins.com and constantly hear about people getting scammed there. The vast majority of those victims are people who don’t know what they are doing (the rest are scammers but that is a different story). We give the same advice over and over so here is a list of things you can do to […]
Bitcoin is fairly anonymous and hard to track, that makes it a prime target for hackers and scammer. Bitcoins are more valuable to a criminal than a credit card number. In the video below you will find some basic tips for how to protect your Bitcoin from the bad guys. We discuss the does and don’ts […]
