MoneyPak and Vanilla are services that allow you to add value to a prepaid credit/debit card. This is done by buying a reload card at a local retailer. The card has a code on the back you enter online. This has been popular service for everyone from those who want to reload their own cards […]
In the forums of Localbitcoins.com many people post the same questions over and over because they are not intelligent enough to search for previous topics about the same issue. This leads to the forum being cluttered and unusable for normal purposes. I am compiling a list of the most common topics that don’t need to be repeated. These […]
Yesterday Blockchain.com announced that they had been hacked in a blog article http://blog.blockchain.com/2014/12/08/blockchain-info-security-disclosure/ The hack evidently happened during a security update and was quickly patched but a small number of users did have their bitcoins stolen. Blockchain.com has followed up accepting responsibility and stating they would refund their customers’ losses. This is great news for […]
[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 […]
There is a new scam targeting bitcoin traders on Localbitcoins.com that target Bank Of America accounts. This is meant as a warning only Currently the scam only seems to be operated by a small group of scammers. To avoid other scammers adopting this method I will not be sharing any specific details about the scam. Here is […]
Updated 2/1/15. I have been trading on LocalBitcoins for quite awhile and have recently started trying out their new (and really only) competition Bitwallet.cc Quite a few people have asked me what the difference is so I am going to compare the two based on a five different areas. Support Localbitcoins – 3 out of 10 -They are […]
Bitwallet.cc I do a fair amount of bitcoin trading online and someone over at Bitwallet sent me an email inviting me to try their new trading platform. I have to say, it is a very sharp looking website. It is also much quicker and more responsive than other trading platforms I have tried. Here are a […]
Escrow is when bitcoin is held by a trusted third party. It is only released once certain conditions are met by both the buyer and the seller. How does escrow work? 1) Someone starts a trade and and the 3rd party takes the bitcoin from the seller’s wallet and places it in a wallet only […]
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 […]
Update January 11th, 2015: After a live chat with Localbitcoins the issues are still present and they refuse to deal with them. You can read the live chat here. For months everyone has known that the feedback system on Localbitcoins is broken and no one cared. I said that changing it so people could hide anonymously was […]
