Post
Topic
Board Bitcoin Discussion
Re: LE is using LocalBitcons as a honeypot to trap criminals - What to do?
by
blumangroup
on 09/04/2015, 07:51:34 UTC
Here are some tips:


- Find out how Bitcoin trading through LocalBitcoins is treated by your country. Find out the maximum amount you are allowed to trade. If it's illegal. Don't do it!
- Don't trade high volumes. LE looks exactly for that and they will also buy from you big amounts. LE is allowed to do that, don't forget about it.
- If your customer says, he will use the bitcoins for anything illegal, then don't sell it to him. No matter how much you could earn. Don't do it! Even if your business is legal and you pay tax - Simply don't.

Anything more to add?

I write on the description that i will not sell any coins that will be used for illegal activitys then the chance of anyone saying they will use it for that is slim to none. Also try reserve bigger trades for members you have done a lot of trades "trusted" and then you have less worries about it being LE.

If that is not possible only people who have many happy trades and you should be good! Thanks for your tips sure it will help some stay safer while trading..