Post
Topic
Board Exchanges
Re: LBC
by
figmentofmyass
on 02/02/2020, 18:45:02 UTC
Paxful hasn't asked me to do KYC, but I've only traded small amounts.

prepare yourself. it only takes $1500 in total trade volume or wallet activity to trigger mandatory KYC on paxful. the limit is even lower on localbitcoins (€1000/year).

avoid both of them and use localcryptos instead. the reasons why are simple:

1. No KYC required to use the platform.
2. Non-custodial. You have control over your funds (you can export the private keys).
3. Better UI/UX.
4. Support in-person (cash) transactions (unlike LBC).