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A Waring About LocalBitcoins.com

A Waring About LocalBitcoins.com

Bitcoin Reddit

Reddit / Bitcoin Reddit 58 Views

Be careful if you ever use LocalBitcoins, even if you've used them for a few years and found it a pleasant experience.

Until, like so many people seem to have experienced, they seize your bitcoins and put you on a forced holiday, without so much as a short note with an explanation. You can't even opt out their platform and withdraw your BTC to your own account or an exchange, or whatever.

Their behavior is worse than banks in this respect. Please be careful and consider other services instead. Or developers could get together to replace LBC with highly visible open source code and create a community trading platform with some transparency and top customer support, rather than a profit driven one centered around facilitating large trades.

submitted by /u/IHaveNoBTCVerySad
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