telegram @Mosperian

Amount: .004 btc
Repay: .005 btc
Date: 12/20
Reason: small business expense to execute a job (moving company)
I haven't used any btc addresses here

I will make this trade with you

As title says i have around .024 BTC I would like to sell for Paypal or Venmo funds. Please let me know if you are interested.

He definitely controls the fake exchange ovextrade.com that hell "send" the funds to. I put apostrophes because the wallets displayed show no transactons on the blockchain so the btc really is just a displayed number on the site and no transaction actually takes place.

I've compiled a lot of evidence including my conversations with him and I'll be persuing charges of fraud and possibly securities fraud against him and anyone who may be involved in the scammy site.

He will send you the money on ovextrade.com and require you to deposit .015 btc in order to withdraw from the shady looking exchange to an external wallet. Sent me 1.5 btc when I really only wanted .1 and it's locked on this site. I doubt the BTC actually exist it's probably just a displayed number. He also makes you send a long video reading off a bunch of stuff. It's very shady. I wouldn't suggest anyone do it. I was just desperate because localbitcoins put me in a bad situation.

This is an exit scam and I feel badly for anyone else who has money on this site. Within 6 months theyll be gone with all of our coins mark my words.

4 days noreply and I've suffered consequences as a result and will be suffering more. Thanks so much you shady fucks.

Still in need of this if anyone can help please let me know

i learned that I couldnt withdraw my coins while trying to send them to paxful actually. Not only is it a better service from what ive seen but I had several buyers ready who were giving a 12k valuation.

Is anyone in here with enough empathy for my situation to help me with a BTC or fiat loan against my coins that are locked up for the next few day to two weeks (going off threads on reddit complaining of how long it takes).

It's not a lot of BTC so.not a large loan needed but it was a lot to me at this time because all of my resources except those coins are tied up in a small personal business im in the midle of launching (moving company. I ran someone else's for a long time and am going to do the same job I've been doing but for 4 times the money).

Anyway I know it's unlikely but I was selling those coins for food and to live so...can't blame me for trying to live and eat.

honestly I think its just a matter of them not being competitive in the market and the niche they used to fill back in 2012/2013/14 era of facilitating face to face transactions is just not really needed so much these days as it has become so much easier than back then to purchase and sell bitcoins. You can sell them directly to cash app or on plenty of exchanges you cash deposit them into poker sites and withdraw cash you can use them in way more ways and for way more things now so actually converting to fiat isn't as necessary even at the basic level. Paxful seems to be a better service in the same vein as far as a dedicated site for facilitating online payment for bitcoins person 2 person so even in this one role they've fallen behind in my opinion.

This is all my opinion having been around and watched things come and go in the bitcoin world/community. It used to be the wild west and even acquiring bitcoin used to be a challenge for people outside of the community but that is just no longer the case. If they didnt have my coins there is zero percent chance I would even consider going through these verification processes to use their service because it's just not necessary enough and doesn't provide enough unique value to warrant that kind of time and effort. Like I've said a few times here and elsewhere in my other threads I believe they know this and that's why they're using shady tactics to get clients to make the time investment to comply with their verification processes in hopes that peoole will then sunk cost fallacy themselves into using the service/sit simply to make the effort and time they invested complying in order to get their coins back feel more worth it. This isn't logical but it's and commonly exploited psychological tic in how humans think and while I don't see anything wrong with companies using psychology to their advantage I do see something wrong with how LBC is going about it.

I just want them to return my coins to my wallet that I sent them from and then they can delete my account for all I care. I am doing and will continue to do whatever I can to avoid having to go through this tiered prcoeds just to get my coins back because honestly after this experience there is zero chance I ever login to LBC again after this is resolved.

it's not an issue of knowing it's an issue of time and if you don't want to help then simply don't. It's as easy as that.

i haven't done any selling of bitcoin in a long time and when I did it was using LBC for face to face transactions (like I said on another site i made a thread on I have been a member of LBC for almost 7 years) so when I needed to quickly sell some for venmo or paypal I went with what I knew and had previously has good experiences with. But yea this is where I think they're dping it on purpose and bring shady because bow I have to either play their games (which I wouldn't have bothered with I'd have just gone somewhere else) or surrender my coins to them so either they get a customer to invest time into satisfying them which for many because of sunk cost fallacy will lead people who would have left to stick around and use the service or they get surrendered BTC. This is why I think they hide then lengths you're ron na have to go AND tell you youll be able to withdraw if you decide its not worth it. Without both of those things I'd never have deposited my coins.

Let it be clear in the beginning of this my account told me I just needed to verify my phone number basically to turn trading back on. I started my deposit and then began the process (as most would i think since it also says you can withdraw no problem so by the time you can trade your coins will be there) and it wasnt until I went into my settings and tried to add and verify my number that it told me that no, I can't even go through verifying my number because of this forced vacation shit. This is when I said oh nevremind and tried to withdraw my coins. And here we are. And i am really unhappy. The CM on reddit, who i private messaged, asked for my ticket number several hours ago and i haven't heard back from them but based on how they've responded to others (80%of the posts on the LBC subreddit are similar complaints) im not expexting much.

All I want is a transfer initiated of my coins back to the address they came from. This shouldn't be a problem at all. But it apparently is a huge deal and I think it's for the reasons i said. A deliberate effort to put me and others like me in a bad position where me must invest time into their site or surrender our coins.

I fully intend to use the proceeds from those coins if it takes me days or weeks to get them back to purchase ads everywhere I can linking to threads like this one and highlighting how poorly and unfairly this site is being run.

Yea the lack of customer service and reliance on tickets and being deferred to the ticket staff and just having no good way to get information anytime money is involved and even more when your site/service clearly isn't built to a high standard of accuracy...it's just a recipe for disatisfaction

If I posted in the wrong place my bad feel free to relocate it to its proper home. I just needed to vent and wanted to warn others.

that's exactly what bothers me so much. I really think this is purposeful to get people who might otherwise have just moved on than bother with all the hoops to be forced to go through them because your other option is to surrender your BTC to them so once you fall for the false information they present telling you that youll be able to take your BTC back if you decide its too much and make a new deposit then they win no matter what. Either you go through the hoops to get your BTC back and many likely end up using the site longer when they would have just left or you decide to surrender your funds. Either they retain customers they would have lost or if they lose them they get some BTC from them on the way out.

It's too perfect the way they feed you the information and how it benefits them to be an accident. In my opinion this is deliberate behavior designed to benefit them at the cost of their users and in spite of what the users in question may actually want. I dont think anyone paying attention should continue using their site/service because I've been around the BTC community since 2011 and in my experience this type of behavior always precedes the famous "we recovered 10% so here are pennies for your dollars" exit scam posts
 I believe without a doubt that the day is coming and im very irritated I have to choose between playing their game for however many days or weeks going forward and letting them keep my BTC freely. Sucks

Yea the more I looked for info on getting help the more examples I found of them being like this. Being unable to withdraw is bad enough on its own but to put a big notification specifically telling me that i can withdraw and letting me deposit only to turn around immediately and not let me/keep my coins is some thing else and i honestly can't believe they did it. That notice is still on my account saying my wallet is active and i can send withdraw as normal by the way



It's messed up man and they've put me in a bind. I'd have been upset no matter what just on principle but it's worse cause of the issues it's causing mr and they just don't care.

Dont help then I'm in no mood to give an ounce of fuck to your little condescending attitude. If I dont then the thread will die and I still won't care about anything you're saying because I'm too busy wanting to fundraiser to build localbitcoins an office just so I can burn that mother fucker down.

Anyway i would like around $200 and duration is until they give me my money back.

Edit: sorry if I was rude there friend.this is just very frustrating and dealing with that site has me beside myself. Don't mean to take it out on you. Please accept my apology.

This crooked backwards run no good doesn't care one bit about its users ass site directly told me via big ass notification on my account that my wallet was active and I could send BTC as normal. It did NOT tell me I couldnt trade until I contacted support and went through a whole long process. What it said wa s I'd need to verify my phone number and given that it said my wallet was fine and I'd be able to send BTC aka withdraw ifsomething went wrong i went ahead and deposited, which it let me do just fine with zero indication of wallet issues. Well when I tried to verify it said THEN that I couldnt do the thing the note on my account said I needed to do and I had to deal with "3-5 days response time is our best case scenario"  support. Ok that's a little annoying and a bit of a waste of time but oh well not the end of the world. I'll just send the BTC back to myself and sell them another way. WRONG. That giant note encouraging me to deposit and assuring me my wallet is perfectly fine and I'll have no issues sending BTC apparently is a flat out lor at best and an intentional mislead to get my/your money locked into their thieving site at worst. Now my BTC is stuck there until I can deal with support (go check the localbitcoin reddit for an idea of how quick painless and productive that is) and I was told by the site specifically that I wouldn't have this problem.

I'm ok with the forced vacation shit if you say I got hacked. I can go through the hoops to get my account back fully active and open back up trading. I can accept all that. I cannot, but no choice but to accept, that I have to go through all this time and all these hoops just to get my own coins which they said I could send and which it happily let me deposit without a single hint that I shouldn't beca[Suspicious link removed] coins were going to be A)useless for quite awhile and B) stuck on this stupid crooked site for an extended time and that it was acrually worse tHan pointless because it's actively denying me my assets and making me go through a process that at this point with how unsatisfied I am I don't even care to go through because I'd just as well never login that gross shady website ever again (and I've been a member 6 + years) but unless I wanna donate to them for my troubles ill be forced to jump through all these stupid hoops just to send my own BTC which I already am supposed to be able to send back to myself and then log out once aND for all from localbitcoins aka the first business to ever, in 34 years, make me feel righteous indignation. I will be copy pasting this on every social media I can think of who might remotely know what localbitcoins is and while I may not accomplish much you better believe I'm gonna try. And since I'm just screwed on the thing I needed my to sell those coins for when I finally do get them back I'm going to use the money to buy ads anywhere i can and through ad words in general highlighting how shit this company really is.

If I'm you and my experiences with them have always been good then I'm quiting while I'm ahead and moving on to something new because localbitcoins doesn't care about you even a little bit.

Ugh.

So localbit coins has a box on my account telling me that my wallet is active and I can send BTC as normal. I deposited some last night to sell and then was informed they want think I was hacked and that I need to do some verifications before I can trade. No biggy right? I'll pull the coins out to sell elsewhere for now and work on resolving any issues for the future. Here is where that box I mentioned earlier comes in because as it turns out i can't do anything including send BTC, that they had no issues letting me deposit, back to myself. So now my BTC is stuck on localbit coins until they fix this issue (it is something wrong with their site as it clearly says I should.be able to send and in the event I couldn't then it should tell me THAT when I go to deposit not have everything look find and specifically tell me I can, right?)  And I needed that money for something important.

So yea I have around $205 on there and am looking to borrow around the same until they either send them back to me or allow me to send them myself. I've sent a ticket, messaged their CM on reddit, messages their Facebook, and have been camped.in their IRC for HOURS trying to catch someone who can help as their tickets say 3-5 days atleast and from what I've read of other people with issues sometimes it can be a couple of weeks.before they fix their mistakes. I dont have that kind of time with this particular issue.

I know I'm new and that's bad but I've browsed here and there a long time and I was told by someone on reddit to ask here insread of there so here I am.

I hope someone can help this situation really sucks and it's quite frustrating and i really don't know if I'll ever use that site again (been a member for 6+ years).

Please let me know if you can give me a hand and as soon as they fix the issue youll get your coins + interest agreed upon back.Thanks for reading.