Post
Topic
Board Bitcoin Discussion
Re: Some gamblers have been arrestes in Bangladesh for money laundering through bitc
by
LoveUJack
on 27/07/2020, 20:01:21 UTC

I sometimes sell BTC in local market through the help of some facebook group. I never felt that I am in risk but for the first time, it seems like we are actually risking ourself a lot of by selling BTC to unknown. What if they get a trace of ourself and link us with such transactions? Would we be also get punished? For your info, we had to use our mobile number to continue dealing.
Why dont you guys use non-KYC P2P alternatives like LocalCryptos.com, local.Bitcoin.com or HodlHodl.com? The first two seems to have many offers from Bangladesh already...

BTC: https://localcryptos.com/Bitcoin/Bangladesh/

BCH: https://local.bitcoin.com/offers/Bangladesh/

ETH: https://localcryptos.com/Ethereum/Bangladesh/

LTC: https://localcryptos.com/Litecoin/Bangladesh/

If you are a pro, try https://bisq.network though.

For your kind information I tried to sell my bitcoin to one of the localbitcoin buyer. But he asked my passport and NID copy to verify my self. Then how this a non-kyc platform I don't know. Also, I don't think the rate of the loaclbitcoin is fair enough. There is always a big difference from the market rate.

Do I need to complain your bounty manager that you are doing shit positing without even reading the post? Where did you find that I mentioned LocalBitcoins? LocalBitcoins now has mandatory KYC rule. I am talking about other non-KYC P2P alternatives like LocalCryptos.com, local.Bitcoin.com or HodlHodl.com, where there is no concept of centralized KYC. You may chose who to trade with and decide whether you'll provide any of your personal information. Moreover, these platforms are safer because authorities will never get your personal details from the platform administration. Even if you provide any of your personal info, that would be between you and your trading partner. If someone asks for your info, you should ask the same from him/her as well.