Post
Topic
Board Service Discussion
Re: Localbitcoins now requires identification
by
St4yInTh3D4rk
on 06/05/2018, 18:52:21 UTC
So we all knew that LBC was already going down the path of forced verification for advertisers, and they made the move that all advertisers will have to verify themselves before they can trade back in January.. And then later there was a warning for all people who had a high trade volume and "recommended" that they verify their identity. But I never expected them to actually restrict somewhat high volume traders so fast, since I was greeted with this message:

Quote
You need to verify your identity before you can continue trading. Proceed to verify your identity

I mean, you could still create new accounts and trade from them anonymously, but it's a tedious process to go through email and phone verification all the time. And a lot of offers won't be available to you because of the fact that you can't consistently trade up for a good reputation.

Time to move to a new p2p trading platform?
And one more the traders are also asking for our ID to verify to the people who are selling bitcoins to them but most of the people are not confortable with these activities but what we can do it is their terms so we need to agree if we want to continue.

So don't sell any bitcoins anymore just hold it forever. Cheesy