Post
Topic
Board Service Discussion
Re: LocalBitcoins finally seeing some competition?? 165 BTC 24hr vol. on BitQuick.co
by
champbronc2
on 05/04/2015, 16:06:58 UTC
Just check bitquick, it charges 2% fee, but localbitcoin only charge 1% fee.

Yeah, but localbitcoin price is higher than bitquick, so it's still cheaper for buyers, but more expensive for sellers.

Localbitcoin is ridiculous expensive, I don't why some people still buy btc in localbitcoin. Maybe it's easy for some criminals to cash out, no wonder it's more expensive.

Been buying and selling on localbitcoin as a seller from a long time, I really feel safe and wouldn't move to a new site just because the rates are a bit lower. Most of the new buyers actually come to localbitcoins through their search. This thread is actually the first of what I am hearing about Bitquick.

Just got mentioned on Coindesk today: http://www.coindesk.com/bitquick-us-cash-bitcoin-market/

LocalBitcoins might feel safe, but they've been hacked multiple times and they still aren't using multi-sig. Bitquick has $250,000 of insurance on escrowed funds and uses multi-sig.