anybody sad that localbitcoins is shutting down?

IIrik11

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can someone tell me wht language this is?

i think this is bot spam. Undecided

locking the topic!

IIrik11

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no? okay, just me then.

they weren't that aggressive about kyc and it was only required when you reach a trading threshold.

also, it was the only available option to buy/sell bitcoin in some countries.

but still a 10 year old company to stop doing business is not good for bitcoin future imho.

as far as wazirx goes, they're a part of binance if i am not mistaken.

and that is a big red for me.

teosanru

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Quote from: IIrik11 on February 10, 2023, 11:20:33 PM

i am

i feel like this would be the end of bitcoin-trading for a lot of users around the world.

and i know that there are other p2p exchanges out there but mostly all of them all blood sucking monsters.

who only care collecting data for reselling and charging enormous fees for the smallest of trades.

this is not good for all crypto future.

Interesting news. P2P isn't bad for all the exchanges to be honest. Obviously collecting data is a usual thing done by almost every exchange but even WazirX was having a very good P2P system. Person could easily transfer money from UPI and you can transfer INR. Similar system was there for other exchanges as well. Most of them as far as I know don't even charge any fees for this service or generally it's just 0.1% like any trade fees.

elevates

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Quote from: IIrik11 on February 10, 2023, 11:20:33 PM

i am

i feel like this would be the end of bitcoin-trading for a lot of users around the world.

and i know that there are other p2p exchanges out there but mostly all of them all blood sucking monsters.

who only care collecting data for reselling and charging enormous fees for the smallest of trades.

this is not good for all crypto future.

I am not as they started doing KYC. Initially, they were great and were getting a lot of new users from India before making KYC mandatory but afterward, they were like any other CE. They did not survive because of impersonating a centralized exchange on regulation. If they had not implemented KYC regulations they would have become the biggest exchange in India.

Bitcoin Smith

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Honestly I didn't know about their closure until I saw your thread so thanks for the information.

Since the implementation of strict KYC policy LBC lost most of their users around the world but in India they still have great volume so now the choices are pretty lame which is Paxful and its similar to LBC but do we have any other alternatives apart from Paxful for doing p2p trades to trade with INR?

IIrik11

member

Activity: 269

Merit: 37

🍀🍀🍀

i am

i feel like this would be the end of bitcoin-trading for a lot of users around the world.

and i know that there are other p2p exchanges out there but mostly all of them all blood sucking monsters.

who only care collecting data for reselling and charging enormous fees for the smallest of trades.

this is not good for all crypto future.

Topic: anybody sad that localbitcoins is shutting down? (Read 86 times)