I wanted to purchase about $300 worth of Bitcoins through a service called simple-btc. I setted up an account, connected my bank information and sent a request to purchase $300 worth of Bitcoin. But then I changed my mind and cancelled the transaction a few minutes after because I wanted to do it on a different exchange. To my horrible luck, I checked my bank account and realized that $300 were still gone!
I immediately rushed to get on the simple-btc website but it was down!
But since I used PayPal to make the purchase, I contacted them. They looked into the situation and said that simple-btc never canceled my transaction!
It’s ridiculous, pretty much the site fooled me into thinking that it was canceled and then went down completely!
PayPal sided with seller, they still consider Bitcoin as magic internet money. All my money went down the drain. I have no idea why I didn’t just use a reputable exchange or something.