Post
Topic
Board Exchanges
Re: localbitcoins is still exisiting im surprised
by
bitcoinisbest
on 21/10/2020, 11:11:30 UTC
I am also surprised. I stopped using them long ago when they started asking for KYC. That was enough for me. I was very surprised that you could at one stage trade bitcoin to cash in person there but that too changed.
I definitely wouldn't recommend trading there. It is a horrible pain to wait for someone to talk to and engage the trade then wait. Rather just use your local exchange that does fiat too. I've never had a problem and it is much much easier.

One of the problems I found on the local bitcoin is that you do not know the other person and the source of money he is using to provide you. for example I am selling and getting money from unknown person and if I use a local exchange atleast to me I got something to check about the owner of the exchange their office and team etc before I deal with them and then can decide how genuine they are and can finally deal with them.