Quote from: zxcv1 on Today at 01:15:04 AM

Quote from: hd49728 on February 09, 2021, 07:53:35 AM

Quote from: zxcv1 on February 09, 2021, 03:05:16 AM

LocalBitcoins has no fees to buyers. But there are fees because the sellers charge big markups, not to mention a tremendous amount of verifications to send them. I'd be worried about identity theft more than getting ripped off on bitcoins.

What about Paxful?

With P2P marketplaces, LocalBitcoins or Paxful, buyers are not charged with fee but the sellers will be charged. As a buyer, when you open a trade, you have to agree with the offer given by the seller. Some details in offer you have to agree: rate, offer instructions, payment method and much more. After you open a trade, all offer details can not be changed.

You only can get ripped off by scammers if you are careless or you eagerly to trade with new accounts.

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Binance is not possible for now. I have to get a new ID with my current address since I've moved since I got my ID. Stupid policy.

What do you meant? Why Binance is not possible for you? I see Binance is very soft with users.

What I mean is what I said, it isn't possible until I get a new ID with current address.
[I have to get a new ID with my current address since I've moved since I got my ID.]

Quote from: Ultegra134 on February 09, 2021, 07:48:31 PM

LocalBitcoins looks too much of a hassle, plus, you have to deal with each individual when trading, so I'll pass. I've used Kraken in the past and it's fine, the layout is simple and never had any issues with it. Confirmation of my account was prompt and easy. Probably one of the best ones in Europe, with reasonable fees too.

Yes, with each seller wanting a crazy identity-risking amount of information, and located in 3rd world countries, I'm definitely passing on that, not to mention the 5%+ markup over the going bitcoin price, which is WAY more than secure places like Coinbase charge.

Seems like LocalBitcoins was good for privacy, but only until they added all the verifications, like maybe people would be willing to pay the markup for privacy. Not the case anymore.

Agreed, there's no point to use LocalBitcoins anymore, if I'm going to send a bunch of verification documents to someone random individual, well, I'd rather verify with an exchange. It's a far safer, quicker and easier option.