Post
Topic
Board Service Discussion
Re: What after localbitcoins.com shutting down
by
albon
on 14/02/2023, 23:00:00 UTC
So today we have a news that localbitcoins.com is shutting down

Now people are in dilemma that how they can continue their trading, as localbitcoins is one of the exchange which set a benchmark in crypto space,

People are really not in a dilemma as you see it because they will transfer their assets from LocalBitcoins to any of the other exchange platforms. Yes, LocalBitcoins was one of the platforms that lived a long time to provide P2P services, but the matter is not catastrophic because there are many other alternatives that are characterized by safety, reliability, reasonable fees, and privacy, and this is often missing on centralized exchanges, for me, I recommend Binance P2P and Bisq in the first place. Also, the names of the BITKAN and PAXFUL platforms top the headlines of most blogs as being good alternatives to LocalBitcoins; although I have never used them, I found them in search engines, so everyone who leaves Localbitcoins should do his own research and know the appropriate platform for him in terms of features, security, ease of use, and in terms of KYC procedures, and he must never deposit his assets in a P2P platform that he does not know it before.