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373

So, Localbitcoins started doing KYC/AML

373
Posted by2 years ago
Archived

So, Localbitcoins started doing KYC/AML

288 comments
93% Upvoted
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level 1
89 points · 2 years ago

Wow. So for now, two alternatives remain: bisq.network and hodlhodl.com. Bisq is a software you need to install, so it's more difficult to use, but it's also decentralized, which means it cannot be blocked. Hodl Hodl is not decentralized, but much easier to use and very similar to LBC, except that unlike Localbitcoins, they claim to not hold the bitcoins by using multisig and keeping only one key.

Both have significantly less volume, but that seems about to change. I don't see traders not migrating to those two services given that commission on both is lower than LBC.

level 2
81 points · 2 years ago · edited 2 years ago

Paxful is the next biggest p2p marketplace. Easiest to use and their support is 24/7 Also doing some cool stuff in Africa. Just found this and donated a bit. https://www.zamzamwater.org/news/builtwithbitcoin Crypto needs ALOT more of this, giving back, rather than just shills, pump n dump trolls and slime. Props to the pax guys for sticking to the ORIGINAL MISSION OF BITCOIN. anyone remember that?

level 2
23 points · 2 years ago

Bisq is a software you need to install, so it's more difficult to use

Is it hard to install a software? You download it, click install, then click open, and this is it. This is quicker and probably simpler than create account, confirm, then go to email and click confirmation email.

Bisq has a very nice interface, also. Biggest complexity is for the security deposit, but still this is a fully point-and-click process (if your wallet handles bitcoin: URI, at least).

level 2
7 points · 2 years ago

If people wanted KYC, they would use an exchange without a 10% spread ( on a good day) and significant risks of being robbed at gunpoint.

level 2
19 points · 2 years ago

Also mycelium local trader.

level 2
11 points · 2 years ago

Paxful.com is a viable alternative as well. They don't do KYC.

level 2
2 points · 2 years ago

Who will download the software? Only a couple of days left before the launch of the Qvolta, there we will get freedom of action

level 2
2 points · 2 years ago

and qvolta.com

Continue this thread 
level 2
1 point · 2 years ago

To add one to the list, shapeshift.io can do crypto to crypto without having to dox yourself.

level 2
1 point · 2 years ago

hodlhodl.com

No cash by mail listings...

= (

level 2
1 point · 2 years ago · edited 2 years ago

[удалено]

level 2
1 point · 2 years ago

they claim to not hold the bitcoins by using multisig and keeping only one key.

Uh... then how do they move the coins from the seller to the buyer? I'm confused.

level 2
1 point · 2 years ago

Bitquick.co requires only a phone #

level 2
1 point · 2 years ago · edited 2 years ago

[удалено]

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Created Sep 9, 2010