Post
Topic
Board Service Discussion
Re: LocalBitcoins finally seeing some competition?? 165 BTC 24hr vol. on BitQuick.co
by
meganite
on 01/08/2015, 02:53:33 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.

Apparently Bitquick isn't any safer; they ran off with my BTC, and do not answer their order support emails. Only way to contact them is email, no telephone number, and domain registered via Domains by Proxy..... what are they trying to hide?