Post
Topic
Board Service Discussion
Re: Localbitcoins now requires identification
by
zhekinsp
on 08/05/2018, 12:42:26 UTC
The only reason I use LBC right now is because of the fact that it doesn't require identification. If I'm forced into giving away my personal details, I'm definitely going to find somewhere else to trade.

I understand why people don't what to verify, but for my use it doesn't really matter. I only use it to sell small amounts and as I'm using direct payment to my bank I have to give the buyer my name anyway. For larger amounts, I'd always use another exchange with better rates anyway. I guess it depends on what country you are in but for me, other exchanges means paying international wire fees and paying the spread on the currency conversion.

LBC is better to sell our bitcoins when the amount is small and I am also having no problem with providing my personal details,I did few times though.Some of the traders asked me to send the picture of an ID with picture in it and also they asking real name sync with LBC name to continue to trade but not all are asking the verification it depends upon the traders.