Topic: Anybody dumped localbitcoins? (Read 250 times)
Bro, I would say it is best to be ready to submit KYC details at some point, as it seems to me to become a mandatory for almost all in all places. Best to become moulded with the flow rather than being inflexible.
In my opinion KYC is very unreliable and dangerous system for bounty hunters, and if possible, it should be avoided either by the method described above, or by avoiding companies that require KYC.
Speech as I understand it is about the service Lokalbitkoins, and not about bounty hunters and their participation in bounty campaigns. In this case, KYC has a place to be in this case, it's like a stock exchange
I don't use Localbitcoins for a long time now. I did at first.
Well if you got scammed at least you would know who did it if nothing else.
This is the result of the regulations. Without regulations, we won't go forward much.
Well if you got scammed at least you would know who did it if nothing else.
This is the result of the regulations. Without regulations, we won't go forward much.
In my opinion KYC is very unreliable and dangerous system for bounty hunters, and if possible, it should be avoided either by the method described above, or by avoiding companies that require KYC.
Good now you can back your coins.
I always use localbitcoins when encashing my bitcoin and haven't done KYC yet but it seems like it is very important because I cannot see or sell to other buyers with high offer without verifying my information. I think there would be no problem in doing so since this is their way to avoid scam/fraud.
KYC is pretty much standard everywhere but if you want to avoid it you would have to either use something local (like a Bitcoin ATM) or use a decentralized P2P exchange. There is also paxful.com which is essentially a localbitcoins clone but they could also implement KYC at any time.
Ye I think KYC is expected. Especially if we want the space to grow to where it becomes used worldwide by your average Joe. Decentralised exchanges are still a little to early at the moment in my opinion for if privacy is your main aim then I suppose there are still a few out there that can do the job. Every other business that handles large amounts of money has to operate KYC as a standard so I find it hand to see why people are so offended that crypto companies are beginning to implement it. Not that I don't see the benefit in having a totally anonymous marketplace!
if you dont want to give your ID details to them for KYC purpose then you can move on .
but in future all of the exchanges will ask the same from you , till now you are able to do daily txn in a limit without kyc .
i am also not fan of giving kyc to random people or company , but if in future if we have no other choice then what to do !
but in future all of the exchanges will ask the same from you , till now you are able to do daily txn in a limit without kyc .
i am also not fan of giving kyc to random people or company , but if in future if we have no other choice then what to do !
I think you just continue with giving your id card ,, what is the question is ,, 'why do not you want to give your identity card to them ?? this is a very standard procedure applied for any exchange ,, because I think it was done for your security and that I think is not a complicated issue ..
Did u guys pass their KYC or? Is everybody itching to move on to better places, even though counterparts like payfair are still in betar? Im thinking of either dumping my 4-yo old account or hiring a homeless dude for photo session for my new fake passport. Localbitcoins are based in finland and there seems not to be any connection between their databases and authorities of the country Im in, nevertheless I disrespect them enough to not give out my legal info. Blank passport filled with random but still relevant credentials and strangers photo on it is a go for me. What everybody else is disposed to do now, stop trading there or send them the ID card?
I am using the localbitcoins for long time mate. There is no problem to open the trade with anyone until the people who want you to verify with the id proof to open the trade. Still you can find the more people to open the trade mate.
Why need to not use the LBC without verifying the documents mate.
Localbitcoins is best fiat cash exchange people want to use it to make the money being anonymous.
KYC is pretty much standard everywhere but if you want to avoid it you would have to either use something local (like a Bitcoin ATM) or use a decentralized P2P exchange. There is also paxful.com which is essentially a localbitcoins clone but they could also implement KYC at any time.
Why do you dislike them so much? Besides, most, if not all exchanges will require you to pass the same KYC procedure.
Did u guys pass their KYC? Is everybody itching to move on to better places, even though counterparts like Payfair are still in beta. Im thinking of either dumping my 4-yo old account or hiring a homeless dude for photo session for my new fake passport. Localbitcoins are based in Finland and there seems not to be any connection between their databases and authorities of the country I am in, nevertheless I disrespect them enough to not give out my legal info. Blank passport filled with random but still relevant credentials and strangers photo on it is a go for me. What everybody else is disposed to do now, stop trading there or send them the ID card?
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