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  • McCarthyFam
    SBR MVP
    • 07-06-11
    • 1700

    #1
    LocalBitcoin
    Does anyone here consistently buy/sell using localbitcoin. If so, has anyone used the giftcard options to sell. Seems too good to be true. Can I really get $1256 for 1 bitcoin? Can someone please explain. Or $929 for home depot and Walmart?
  • DR225
    SBR MVP
    • 02-24-11
    • 2011

    #2
    These gift cards are usually purchased with stolen credit c ards or some other illegal method. Use at your own risk.
    Comment
    • McCarthyFam
      SBR MVP
      • 07-06-11
      • 1700

      #3
      that makes a little more sense. thanks
      Comment
      • McCarthyFam
        SBR MVP
        • 07-06-11
        • 1700

        #4
        has anyone used the ebay option and have success?
        Comment
        • dirtdog52658
          SBR Sharp
          • 05-19-11
          • 450

          #5
          Very un-helpful site if you have an issue, Sold some bitcoin to a verified user via Email money transfer, 3 days later sold a little more to an unverified user, at the time I didn't notice but both transactions came from same email address. Got a call from my bank that both transactions were being contested by the sender. Sent Local and email explaining the situation how they had a verified user that was charging back a bank transfer and an unverified user using same bank account and was basically told to bad so sad not their problem. So use this site with extreme caution.
          Comment
          • McCarthyFam
            SBR MVP
            • 07-06-11
            • 1700

            #6
            taking a shot with it. purchased a $500 gift card for $200 in btc. we'll update you with how it goes. I already received the gift card number and it worked with ebay. now we'll see if my account gets banned from ebay
            Comment
            • themike78
              SBR MVP
              • 07-01-13
              • 4873

              #7
              I sell gift cards all the time with localbitcoins. Never a problem. When I sell buyers almost always want receipt stating cash paid. Of course always redeem the gift card before releasing your bitcoins. Even if the gift cards were stolen or whatever there is very little they can do. As long as you have proof person paid cash and you redeem the code you are good.
              Comment
              • McCarthyFam
                SBR MVP
                • 07-06-11
                • 1700

                #8
                Originally posted by themike78
                I sell gift cards all the time with localbitcoins. Never a problem. When I sell buyers almost always want receipt stating cash paid. Of course always redeem the gift card before releasing your bitcoins. Even if the gift cards were stolen or whatever there is very little they can do. As long as you have proof person paid cash and you redeem the code you are good.
                what if bitcoin was used to purchase the gift card
                Comment
                • themike78
                  SBR MVP
                  • 07-01-13
                  • 4873

                  #9
                  Originally posted by McCarthyFam
                  what if bitcoin was used to purchase the gift card
                  I guess its up to the buyer really. I do know that if someone bought a giftcard and you redeem it there is no way they can cancel it. No giftcards are returnable that I know of.
                  Comment
                  • Optional
                    Administrator
                    • 06-10-10
                    • 60642

                    #10
                    Originally posted by dirtdog52658
                    Very un-helpful site if you have an issue, Sold some bitcoin to a verified user via Email money transfer, 3 days later sold a little more to an unverified user, at the time I didn't notice but both transactions came from same email address. Got a call from my bank that both transactions were being contested by the sender. Sent Local and email explaining the situation how they had a verified user that was charging back a bank transfer and an unverified user using same bank account and was basically told to bad so sad not their problem. So use this site with extreme caution.
                    ^^ reports like this is why I mostly warn people away from LBC.

                    Originally posted by McCarthyFam
                    taking a shot with it. purchased a $500 gift card for $200 in btc. we'll update you with how it goes. I already received the gift card number and it worked with ebay. now we'll see if my account gets banned from ebay
                    You bought stolen goods. Don't kid yourself it's ok just because Ebay may not cancel it.

                    Hope you will come back and warn others if you do have a problem at least.


                    We don't allow discussion of scams and criminal activities. So let's end this thread now please.
                    .
                    Comment
                    • bigjah15
                      SBR MVP
                      • 12-20-10
                      • 1437

                      #11
                      how did he buy stolen goods? i am lost
                      Comment
                      • McCarthyFam
                        SBR MVP
                        • 07-06-11
                        • 1700

                        #12
                        well my item shipped. All seems okay. The seller had 500plus transactions and was verified by lbc with 100 percent feedback
                        Comment
                        • italiano
                          SBR High Roller
                          • 03-11-15
                          • 217

                          #13
                          i have done some transaction with its... i have used skrill and until now i didn't have problems,,,, my advise is make more transaction if it is big amount....
                          Comment
                          • bigdog9933
                            SBR Rookie
                            • 12-23-11
                            • 19

                            #14
                            ive done about 7 transactions on lbc always purchasing bitcoin and have never had a problem i love the site
                            Comment
                            • deadpool
                              SBR Rookie
                              • 09-28-16
                              • 24

                              #15
                              I have done 100 at localbitcoins. Buying and selling never a problem. I also have done maybe 20 at paxful.com. Myu only problem is not having sellers awake or available when you need them. People are sloppy or just don't really care. I need like instant contact when I start a trade.
                              Comment
                              • JAKEPEAVY21
                                BARRELED IN @ SBR!
                                • 03-11-11
                                • 29210

                                #16
                                Originally posted by Optional
                                ^^ reports like this is why I mostly warn people away from LBC.



                                You bought stolen goods. Don't kid yourself it's ok just because Ebay may not cancel it.

                                Hope you will come back and warn others if you do have a problem at least.


                                We don't allow discussion of scams and criminal activities. So let's end this thread now please.
                                gingers have no souls
                                Comment
                                • Optional
                                  Administrator
                                  • 06-10-10
                                  • 60642

                                  #17
                                  He didn't understand what was going on Jake. Had a few PMs with him after this. Seems like a good guy
                                  .
                                  Comment
                                  • JAKEPEAVY21
                                    BARRELED IN @ SBR!
                                    • 03-11-11
                                    • 29210

                                    #18
                                    Originally posted by JAKEPEAVY21
                                    gingers have no souls
                                    I was joking
                                    Comment
                                    • JAKEPEAVY21
                                      BARRELED IN @ SBR!
                                      • 03-11-11
                                      • 29210

                                      #19
                                      Originally posted by Optional
                                      He didn't understand what was going on Jake. Had a few PMs with him after this. Seems like a good guy
                                      off topic here but I watched a documentary last night, "All This Mayhem", and it was very good.

                                      It is about Tas and Ben Pappas, brothers from Australia that tore up the vert skating scene back in the 80s/90s. I'm guessing you have heard of them? Almost positive you have...either way, you should check it out when you get a chance...interesting but quite tragic

                                      "There are three sides to every story: your side, my side and the truth."

                                      I did a little research online after watching and Tony Hawk of course shoots down Tas's claims.
                                      Comment
                                      • Optional
                                        Administrator
                                        • 06-10-10
                                        • 60642

                                        #20
                                        Originally posted by JAKEPEAVY21
                                        off topic here but I watched a documentary last night, "All This Mayhem", and it was very good.

                                        It is about Tas and Ben Pappas, brothers from Australia that tore up the vert skating scene back in the 80s/90s. I'm guessing you have heard of them? Almost positive you have...either way, you should check it out when you get a chance...interesting but quite tragic

                                        "There are three sides to every story: your side, my side and the truth."

                                        I did a little research online after watching and Tony Hawk of course shoots down Tas's claims.
                                        I know the name but not much about him really. Think he was locked up for drug smuggling in the end?
                                        .
                                        Comment
                                        • JAKEPEAVY21
                                          BARRELED IN @ SBR!
                                          • 03-11-11
                                          • 29210

                                          #21
                                          Originally posted by Optional
                                          I know the name but not much about him really. Think he was locked up for drug smuggling in the end?
                                          yes..I figured you would be familiar with them since they are Aussies and they finished #1 and #2 in the world once.

                                          I don't want to give too much away but it is quite a sad story.
                                          Comment
                                          • Memento
                                            SBR MVP
                                            • 01-28-15
                                            • 1192

                                            #22
                                            I read an article in business week yesterday about the absurd per capita dollars spent on slot machines in Australia. There must be slot machines everywhere.
                                            Comment
                                            • Optional
                                              Administrator
                                              • 06-10-10
                                              • 60642

                                              #23
                                              Originally posted by JAKEPEAVY21
                                              yes..I figured you would be familiar with them since they are Aussies and they finished #1 and #2 in the world once.

                                              I don't want to give too much away but it is quite a sad story.
                                              I mentioned it to my son and he knew about them well. Party animals to the extreme with a violent streak by sounds. We are going to watch the doc tonight.
                                              .
                                              Comment
                                              • Optional
                                                Administrator
                                                • 06-10-10
                                                • 60642

                                                #24
                                                Originally posted by Memento
                                                I read an article in business week yesterday about the absurd per capita dollars spent on slot machines in Australia. There must be slot machines everywhere.
                                                I live in the 'bible belt' suburbs of Sydney about 20 miles out of the city centre.

                                                I could pick any direction to walk from home and run into a place with pokies within 15 mins. I think there is more pokies in Sydney than all of Nevada.

                                                You can also find a TAB or a race track within 15 mins drive of just about anywhere in the city.

                                                Only one casino but a second one is on the way.


                                                My state govt collected about 7 billion in gambling taxes last year from 7 million population. About $1000 for every man woman and child in the state.
                                                .
                                                Comment
                                                • theviking
                                                  SBR Sharp
                                                  • 04-10-07
                                                  • 368

                                                  #25
                                                  Find traders with 10 000+ trades with 100% .... some of them answere and trade 14 hours a day 7 days a week and you get your bitcoins in some minutes, at least thats my experience
                                                  Comment
                                                  • luctens
                                                    SBR Wise Guy
                                                    • 07-04-16
                                                    • 521

                                                    #26
                                                    Originally posted by Optional
                                                    I live in the 'bible belt' suburbs of Sydney about 20 miles out of the city centre.

                                                    I could pick any direction to walk from home and run into a place with pokies within 15 mins. I think there is more pokies in Sydney than all of Nevada.

                                                    You can also find a TAB or a race track within 15 mins drive of just about anywhere in the city.

                                                    Only one casino but a second one is on the way.


                                                    My state govt collected about 7 billion in gambling taxes last year from 7 million population. About $1000 for every man woman and child in the state.
                                                    In the UK it's a similar epidemic with FOBTs. The spread of them is the biggest scourge of our time. The horrific stories of suicides and the like directly linked to these awful machines is showing the general public that addiction isn't just a choice people make like most would believe, it's a serious illness and a brain disorder, and now some serious research is getting done about gambling addiction, many are starting to believe that gambling addiction is way more dangerous and way harder to give up than alcohol, drugs or any other addiction.

                                                    These FOBTs are under a UK government review due to be completed by the end of this year, and with the Prime Minister and the Gambling Minister being firmly against FOBTs, hopefully that review will serve the purpose that it needs to and get rid of FOBTs for good.
                                                    Comment
                                                    • Optional
                                                      Administrator
                                                      • 06-10-10
                                                      • 60642

                                                      #27
                                                      Originally posted by luctens
                                                      In the UK it's a similar epidemic with FOBTs. The spread of them is the biggest scourge of our time. The horrific stories of suicides and the like directly linked to these awful machines is showing the general public that addiction isn't just a choice people make like most would believe, it's a serious illness and a brain disorder, and now some serious research is getting done about gambling addiction, many are starting to believe that gambling addiction is way more dangerous and way harder to give up than alcohol, drugs or any other addiction.

                                                      These FOBTs are under a UK government review due to be completed by the end of this year, and with the Prime Minister and the Gambling Minister being firmly against FOBTs, hopefully that review will serve the purpose that it needs to and get rid of FOBTs for good.
                                                      I don't think we have the same things here. Although we probably do but it's more restricted to just the casino or something like that.

                                                      Although regular poker machines are probably heavily fed by addiction anyway too.

                                                      Gambling has been so integrated into society in this state for so long I think the rate of problem gambling is very well understood and anything that sees an increase in it is legislated back pretty fast.

                                                      Not that it isnt still a problem. Just one that the govt knows it cant let get out of control or it will lose it's revenue stream and look bad for "being addicted" to gambling tax themselves. Which does happen from time to time.
                                                      .
                                                      Comment
                                                      • Nitrogen
                                                        SBR MVP
                                                        • 08-15-16
                                                        • 1972

                                                        #28
                                                        Originally posted by dirtdog52658
                                                        Very un-helpful site if you have an issue, Sold some bitcoin to a verified user via Email money transfer, 3 days later sold a little more to an unverified user, at the time I didn't notice but both transactions came from same email address. Got a call from my bank that both transactions were being contested by the sender. Sent Local and email explaining the situation how they had a verified user that was charging back a bank transfer and an unverified user using same bank account and was basically told to bad so sad not their problem. So use this site with extreme caution.
                                                        They hold the bitcoin in escrow - that's their job.

                                                        Your job is to know the risks of your choice of payment option.
                                                        Comment
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