Post
Topic
Board Service Discussion
Re: Localbitcoin issue on outgoing
by
Casdinyard
on 12/10/2020, 23:32:03 UTC
This is an overview of what localbitcoins requires verifying and account;

Quote
1. Full name             
2. Country of residence             
3. Email address             
4. Phone number             
5. Physical address             
6. ID verification             
7. KYC info             
9. Proof of residence             
10. Extra ID verification
https://localbitcoins.net/blog/id-verification-update/

During the process of verification, one will be asked lots of questions such as what they do, source of income, what the bitcoins acquired from localbitcoins for, annual income range etc

with that amount of requirements needed upon using their service, I think users must simply not be engaging with this if they couldn't provide all of this, just in case the management tend to ask users to provide it. I've seen that localbitcoin has a huge standard towards knowing their customers credibility but I guess those extra Id verification is a hint that soon they might be using it to freeze someones account. I don't know localbitcoin's reputation here in the forum but judging its system, I'm pretty sure the OP's concern would simply fall back to the fact that he used its platform without reading the T&Cs, which described the sensitivity of the required documentation.