Wednesday, December 19, 2012

Watch out with bank transfers!

For all localbitcoins.com users, be very careful when using bank transfers. Localbitcoins.com hasn't been designed with bank transfers in mind in the first place, so we don't have infrastructure for it. Bank transfers can also be chargebacked/accounts frozen like with paypal or credit cards. There are some people using stolen bank accounts to purchase bitcoins from sellers, on localbitcoins.com

If you are going to sell bitcoins with bank transfers, check the profile/feedback beforehand. Watch out with new users. It doesn't hurt to wait or cancel the deal when unsure.

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