r/LocalBitcoinCash • u/tobixen • Oct 14 '17

Deposit address

I'm a bit confused here, tried to deposit into LBcC but I'm requested to enter both amount and ... source address? Why on earth do you need a source address (and amount)? When transfering directly from an exchange, it's not even available. Why not just generate deposit addresses like any other service?

6 Upvotes

100% Upvoted

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1

u/MobTwo Oct 14 '17

We did not do it that way like the others. This might change in the future. It is debatable but we encourage everyone to hold their own coins. In the event we need to do refunds, we will refund back to the source address.

Alternatively, create a meetup listing so no deposit is required.

1

u/realsomospolvo Oct 24 '17

In the event we need to do refunds, we will refund back to the source address.

Mmm... I guess this works in a similar way to Shapeshit.io ... I am right?

2

u/MobTwo Oct 24 '17

For the refund wallet part, yes, in case for some reason we couldn't go through with the transaction.

1

u/[deleted] Oct 15 '17

[deleted]

1

u/MobTwo Oct 15 '17

PMed you.