Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Hueristic
on 01/12/2018, 15:24:02 UTC
You pay slightly over the market price but I quite like buying on Localbitcoin’s. They have an escrow type service that protects both buyer & seller.

I had to verify my real life name & address there last year though as they said I’d sold too much (it was when I converted BCH into BTC & sold the BTC’s there. It added up to I suppose what some might consider a lot (fiat wise) in a short space of time.

     I have never used Localbitcoin's, but if you are using them as an "escrow," aren't you basically trusting a third party with your coins? Plus, you reveal that you had to give them KYC information. Therefore, it appears using Localbitcoin's is only slightly better than using a standard exchange.

I'm not seeing the advantage at all either. ATM's would be better, there are low cost ones.
KYC is the bane of crypto and the more holdouts the longer the freedom.

Not when you can find sellers with 3% markup vs up to
15% on ATM's