Post
Topic
Board Service Discussion
Re: What after localbitcoins.com shutting down
by
Despairo
on 11/02/2023, 05:18:44 UTC
I hope no one will use the platform mentioned by @OP because it's a custodial P2P platform similar like localbitcoins where they will ask you to submit KYC.

Verification of identity

To guarantee coinbaazar stays a protected platform for the entirety of our users and for us to agree with obligatory legitimate commitments which we are liable to, we may expect you to verify your identity to get to the services we offer. Identity verification might be required when you create offers/advertisements, pass certain transaction volume limits, during disputes or disputed trades, fraud investigations, and to guarantee account ownership. As a feature of our ID verification we expect you to give us your complete name just as reports and photos that confirm your personality (for example valid passport).

In specific circumstances (for example because of the compliance, regulatory or legal requisites) we may require upgraded identity confirmations. This may incorporate necessities to check subtleties or wellsprings of assets in regards to funds you have made or gotten during trades on just as bitcoin trades that you have sent or gotten from your account.


Agreed. Also, there are other peer to peer marketplaces with more traders that began offering better conversion prices than Locabitcoins in Paxful, Binance and Kucoin. I have only learned about Binance and Kucoin peer to peer marketplaces last year. I was shocked that they have become very popular.
Both Binance and Kucoin are become very popular because they're centralized exchange and have mandatory KYC rule, so everyone already know if they will get asked to provide KYC at the worst case. While localbitcoins, they're start from zero KYC P2P platform, but they now require KYC and the clients are not happy because of this rule.

Paxful is also KYC P2P platform, they didn't disappointed their clients.