Quote from: codingsett on February 09, 2018, 11:17:00 AM

Hello everyone a few days ago a came across a localbitcoins look alike called localethereum ...its a decentralized p2p exchange platform and actually it has people offering good services but scammers are always present anywhere.This a warning to all the people that are thinking of using the site.This is my story.

I was looking for a quick way to make some few extra bucks so i found a way of buying ether at a low price and selling it at a higher price. I found a way through paypal(I know am dumb dont tell me) So i was skeptical at first because there is no way a person could be buying ether at an above market price unless he has some he stole the paypal account or has bad motives but i had some 150bucks to spare and test my theory...we transacted and by the end i had 200 which is 50 bucks in profit i was happy but still knew there was a possibility of a chargeback (its paypal for God's sake and am dealing with digital assests )...so i never traded with the guy again and waited for at least one month so that i can know if its legit or shit...after 6 days(today) i got a paypal dispute that the funds were sent without the senders approval and that i provide proof of shipment and shit....i did provide the escrows site proof but i think it wont be enough so am going to loose the funds...I contacted localethereum support to know if the scammer will be dealt with or if i will get my funds back...all blame goes to me because i got greedy and did not listen to all the warnings..Anyway i lost so that you may not lose your hard earned cash and maybe something good will come out of this..

https://imgur.com/a/Z0Ir7

https://imgur.com/a/EH3pH

The user was (coinmarket)https://localethereum.com/profile/coinmarket

Watchout for the all the others with a rate above average or avoid paypal as mentioned on the site and you should be good to go.

I will always strive to warn guys occassionally to avoid such issues from happening to anyone else.

Any donation is appreciated : 0x244f1B2e45228A7427265678Dad8E346A0C42F98

Quote from: eternalsoul on March 23, 2018, 12:09:17 PM

I recently also experienced strange trades via bank transfer, when selling. There are a number of indicators, that the person is not the one he/she claims to be, even though they seem to have access to the bank account and copies of passports. In 2 cases, where I am not yet sure if they are fraudulent, the buyers had an account from a charity organization. Each time, the account was also freshly created and had no history. Answers were sometimes rude, when too many questions were asked. I fear that there might be police investigations following the trades, due to stolen identities and online banking credentials.

Source: https://bitcointalk.org/index.php?topic=2344281.msg29921424#msg29921424

I never used this site, there are few reviews on google (I found few reviews), I didn't find their ANN Thread from bitcointalk, I don't know if they have, I didn't see social networks like twitter and facebook, maybe they don't have them social networks, you need to register on the site to get more information... so I believe they need better these points that I mentioned I didn't see