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Topic: What after localbitcoins.com shutting down - page 5. (Read 1197 times)

legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
February 10, 2023, 07:53:54 AM
#15
Anyone who needs a replacement for LBC can go to: https://kycnot.me/ and pick the one that works for them.

I have been off LBC for a while, but as I pointed out elsewhere, a lot (most?) people who had regular trading partners know how to contact them in other ways.
It's just a bit more newsworthy because it's the 2nd one in a short period of time. But, as with many things others will take it's place if they can figure out how to make a profit on it.

-Dave
jr. member
Activity: 45
Merit: 17
February 10, 2023, 06:24:55 AM
#14
There is a KYC free alternative to local bitcoins. It's called Particl marketplace. It's an anonymous yet trustless marketplace (particl.io). You can pay for any goods or services there including bank transfers, there is someone listing monero for sale there currently, but you can also get bullion, cash in the post and bank transfers.

Particl also has a fully decentralised and trustless cross blockchain atomic swap exchange (basicswapdex.com). The developers are currently integrating the exchange directly into the marketplace so that you can pay in pretty much any cypto. So it's not so much a local bitcoins replacement as an "any crypto" to fiat, bullion and cash in the post replacement.

The exchange is proving very popular with the monero community who have been extensively testing it and are considering including it as a plugin with their default wallet so any monero user can access the exchange as well.

Here is a neat video on it: https://youtu.be/1gYNX4ue_O4
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
February 10, 2023, 06:04:29 AM
#13
Blaming the crypto winter.... great job!

The truth is that they started to die when they were forced to introduce KYC rules.
Since it was one of the reasons people traded there, they moved to another place
The same goes for localcrypto and a regulatory development that can take place when your company grow up.

It's called the Darwin's theory. Only the best survives  Grin

That's it! I have a friend who used to be a trader there and you could even request him to drive to your home and exchange at your place. He was making decent money, but resigned in 2019 after they've aded KYC. He said the number of clients dropped by 50% after that and he wasn't making enough.
He ended up putting his own ATM in a nearby shopping center where you could withdraw without limits and no KYC.

It's funny they're blaming market conditions where really the condition of their own company is the source of the problem.
legendary
Activity: 2702
Merit: 4002
February 10, 2023, 02:13:35 AM
#12
It's not about exposure, is dying volume overall,  far more competition and getting things even more complicated is the fact that they were dealing in BTC only, buttimes have changed and more users with a ton of coins want to swap in every kind of token, not something they built their business for.
Nevertheless, it is still a platform with good trading volumes, it provides flexible payment options in many countries that do not use well-known payment methods, or at least they cannot buy in traditional ways.

I do not have charts for trading volumes, but the platform seems profitable, perhaps their profits decreased and therefore they preferred to stop rather than the platform dying, but the advertisement is somewhat strange.
member
Activity: 155
Merit: 37
February 09, 2023, 10:58:27 PM
#11
You couldn't wait for this moment to shill your coinbaazar exchange, could you?

I've once read that hyenas are very patient, seems like the humanoid type can't even half a day before trying to get a bone, even if the victim is still moving.
I knew the name looks familiar, no surprise:

Second, when checking the forum about "coinbaazar" in the last year there are only your posts and your previous sockpuppets topics , 3$ for sending my details to some shady LLC that uses 10$ fiverr videos to promote itself as some reliable company, no way.
Btw, I've seen this guy in 20 videos by now, is he that cheap?

The exchange with sockpuppets bumping a dead topic, a Fiverr presentation, and photoshopped pictures did I forget something?

It's been several years since I last used them but I'm sad to see such an advertisement, they don't give any details about the reason for the shutdown and blaming Crypto Winter seems like a nonsensical argument.
Does anyone know more details and whether it is related to a regulator or exposure to bankrupt platforms?

It's not about exposure, is dying volume overall,  far more competition and getting things even more complicated is the fact that they were dealing in BTC only, buttimes have changed and more users with a ton of coins want to swap in every kind of token, not something they built their business for.

I don't know about you, but yes i can presume its far better than exchanges like FTX and others ... Moreover about the videos i seriously dont care ... 2ndly they have been there since long ... its not that they popped out overnightly.. so before you can misguide someone.. with your negative comments, rather than giving a try urself ... dont act as a spectator, be a player than probably your comment would matter..
hero member
Activity: 1554
Merit: 880
Notify wallet transaction @txnNotifierBot
February 09, 2023, 06:12:21 PM
#10
Never saw the localcryptos news closure..
Here's their annoucement[1] and a forum thread discussion[2]

for those who will search for alternative you can try ---> https://localcoinswap.com/
Never heard that this is a reputable site, but the way it is recommended might be need a try.
Checked it but didn't see if they required kyc or not.

[1] https://blog.localcryptos.com/after-5-years-localcryptos-is-saying-goodbye/
[2] https://bitcointalk.org/index.php?topic=5418010.new
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
February 09, 2023, 05:59:16 PM
#9
You couldn't wait for this moment to shill your coinbaazar exchange, could you?

I've once read that hyenas are very patient, seems like the humanoid type can't even half a day before trying to get a bone, even if the victim is still moving.
I knew the name looks familiar, no surprise:

Second, when checking the forum about "coinbaazar" in the last year there are only your posts and your previous sockpuppets topics , 3$ for sending my details to some shady LLC that uses 10$ fiverr videos to promote itself as some reliable company, no way.
Btw, I've seen this guy in 20 videos by now, is he that cheap?

The exchange with sockpuppets bumping a dead topic, a Fiverr presentation, and photoshopped pictures did I forget something?

It's been several years since I last used them but I'm sad to see such an advertisement, they don't give any details about the reason for the shutdown and blaming Crypto Winter seems like a nonsensical argument.
Does anyone know more details and whether it is related to a regulator or exposure to bankrupt platforms?

It's not about exposure, is dying volume overall,  far more competition and getting things even more complicated is the fact that they were dealing in BTC only, buttimes have changed and more users with a ton of coins want to swap in every kind of token, not something they built their business for.
copper member
Activity: 2198
Merit: 1837
🌀 Cosmic Casino
February 09, 2023, 05:13:52 PM
#8
So today we have a news that localbitcoins.com is shutting down
Does it matter? Well it doesn't matter to me because I stopped trading with them when they went full KYC

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,
You couldn't wait for this moment to shill your coinbaazar exchange, could you?

If you think some of us have forgotten, then you are wrong... Your very first posts say a lot about your intentions here

Blaming the crypto winter.... great job!

The truth is that they started to die when they were forced to introduce KYC rules.
Since it was one of the reasons people traded there, they moved to another place
Perfect!

I am one of the people who abandoned my high trading volume account on localbitcoins after their dicky KYC rules
legendary
Activity: 2702
Merit: 4002
February 09, 2023, 05:13:04 PM
#7
It's been several years since I last used them but I'm sad to see such an advertisement, they don't give any details about the reason for the shutdown and blaming Crypto Winter seems like a nonsensical argument.
Does anyone know more details and whether it is related to a regulator or exposure to bankrupt platforms?

for those who will search for alternative you can try ---> https://localcoinswap.com/
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
February 09, 2023, 03:54:28 PM
#6
After localcryptos now localbitcoins, that's sad to hear, most p2p users need to find and new platform where to trade well at least new reputed one.
[1] https://localbitcoins.com/service_closure/
Never saw the localcryptos news closure, but localbitcoins shutting down is throwing away so much history right here, and I kind of blame them here because their business concept has never evolved with changing times. With so many cryptos on the market they heavy relied on serving bitcoin traders which become Obsolete with the coming of a Dex and many other centralized exchanges.

I guess localbitcoins has run its race and its time for others to continue were they left... Whose next to go, paxful Huh
member
Activity: 155
Merit: 37
February 09, 2023, 10:40:54 AM
#5
The truth is that they started to die when they were forced to introduce KYC rules.
Since it was one of the reasons people traded there, they moved to another place
You can trade on Binance before without KYC, but Binance had no option than to make KYC mandatory. Yet, Binance remain as the exchange with the highest trading volume. Although, some people that are concerned about KYC left the exchange at the time. Jeremias Kangas founded Localbitcoins in mid 2012. 2022 crypto winter wasn't the first, that makes your post valid, but regardless of what happened, it is still about the survival of the fittest, but not necessarily about KYC as well if other things has been in place. Although, I am not disputing the fact that KYC could have been the reason for the start of Localbitcoins collapse.

Well this is what i was about to say... that only KYC could not be the only reason and even the crypto winters... The only reason i could find valid is they never made changes but then again they have been doing business all this while,... so possibly i think the owners have been fed up of the things going on... they have been legit all the time ... and that could be the only reason they have left the crypto space...
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
February 09, 2023, 10:21:28 AM
#4
The truth is that they started to die when they were forced to introduce KYC rules.
Since it was one of the reasons people traded there, they moved to another place
You can trade on Binance before without KYC, but Binance had no option than to make KYC mandatory. Yet, Binance remain as the exchange with the highest trading volume. Although, some people that are concerned about KYC left the exchange at the time. Jeremias Kangas founded Localbitcoins in mid 2012. 2022 crypto winter wasn't the first, that makes your post valid, but regardless of what happened, it is still about the survival of the fittest, but not necessarily about KYC as well if other things has been in place. Although, I am not disputing the fact that KYC could have been the reason for the start of Localbitcoins collapse.
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
February 09, 2023, 09:51:31 AM
#3
Blaming the crypto winter.... great job!

The truth is that they started to die when they were forced to introduce KYC rules.
Since it was one of the reasons people traded there, they moved to another place
The same goes for localcrypto and a regulatory development that can take place when your company grow up.

It's called the Darwin's theory. Only the best survives  Grin
hero member
Activity: 1554
Merit: 880
Notify wallet transaction @txnNotifierBot
February 09, 2023, 09:21:58 AM
#2
After localcryptos now localbitcoins, that's sad to hear, most p2p users need to find and new platform where to trade well at least new reputed one. Although LBC become shitty due its KYC regulation it will not replace how reputed the site is. Now i hope more users will embrace bisq and hodl hodl for p2p purposes.

Here's the direct link of the closure anouncement[1]

[1] https://localbitcoins.com/service_closure/
member
Activity: 155
Merit: 37
February 09, 2023, 09:10:51 AM
#1
So today we have a news that localbitcoins.com is shutting down

Source https://decrypt.co/120933/localbitcoins-shut-down-10-years-operation

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,

So i just wanted to tell you that you guys can use/try coinbaazar.com , which is indeed there and is one of the most reliable and secure crypto marketplace in the world.

Before pouring your comments i would really recommend please take a look at it ...

https://coinbaazar.com

Bitcoin Miami22 - https://www.youtube.com/watch?v=jEcKE6DzwvE&t=203s

https://twitter.com/coin_baazar



you can always DYOR...

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