Quote from: rebroad on December 18, 2013, 06:39:36 PM

Hi all, I just wanted to share a recent experience I had with localbitcoins, which has left me substantially out of pocket, and most likely the other user in the transaction substantially better off.

I placed an advert selling bitcoins for cash deposits. Making it clear in the first sentence that I accept only cash deposits.

A person opens a trade and sends me the money via bank transfer (i.e. not cash), which is not as safe as it can be reversed.

Localbitcoins escrow service decides after almost 3 weeks of debate to release the bitcoins to the buyer even though the buyer, despite repeated requests from LB and myself, never provided proof that they were the account holder of the bank account sending the funds.

This doesn't seem right to me - that I was forced to sell bitcoins by a riskier method that I made clear from the beginning I wasn't willing to risk.

I'd be interested to hear comments from other people on here about this.

You shouldn't have used LB escrow. They are not reliable.