Bitcoin Forum

I just trading on localbitcoins over years, I heard from one of my trade partner he reputations is very high and account is older than 3 years.
Any experience on that site.
The site is location is Turkey. It have address but I am outside of Turkey.
The site says 0 trading fee and just BTC trading available versus TRY, USD.

I didn't find any review about Koinde.com . Be aware if you want to try it. I didn't also find any community for this exchange, so it would be very risky to send your money to them. How you were directed to this website?
Localbitcoin and paxful work on peer_to_peer exchange. I don't see it logic for another honest project to eliminate the fees. Unless it's scam. If anyone already tried this platform, i would be interested to know how does this work.

Please move this topic to -service discussion- board. Use the "move" option in the left bottom of this page.

The one of my trade partner suggested to zero trading fees. We trading over year with that partner. He reputation is looking (100+/%100) on localbitcoins.

You should not rely on one source when there is money involved. Reviews, positive talks from multiple sources make a platform trusted, not just one recommendation.

Your partner may be a trusted trader in LBC now by trading for a long time and he can't scam you there if he intends to do because of his high rep and he needs to keep it intact.
Maybe that's why he's trying to send you to an unknown platform. We have witnessed that highly trusted members can also turn to a scammer one day...

I tried to find a single review about kionde.com koinde.com in Reddit, Bitcointalk, Facebook, Twitter, Telegram but I found none.

To be honest, if someone has high reputation and can prove they are another person on another site, 1 of 3 things spring to my mind.

-He/he is going to try scam you for a big amount on the other site and pray you can't link it back to LBC and ruin his reputation.
-He/She just wants the avoid the 1% fee that he needs to eat, every time you start a trade with him.
-He/She owns/works with the site.

I'm leaning to the last one due to the experiences you've had with him, and lack of reviews.

All I need to say is, No. Whatever the status of that guy who told you, if the majority don't ever know that service he's talking.
Can't even find any reliable article, social media posts about the site on google.

How did you find this exchange?
This exchange never mention here on the forum and it is not a well-known exchange.

Tried to search it from google but no one mention this excepts for backlinks and any website submission. It doesn't even have a history in archive.org unlike other exchanges that you can find all of their old history under archive.org.

It seems that you own this website and trying to promote it here?

You have an experience on a particular platform that have met your needs without trouble and hassle for years but now you want to change to another platform that you have no clue about. I think that is being greedy or because you want to take advantage of the zero fees. Except localbitcoin is no longer meeting your needs or they block your account, you should continue using them until you have enough information and reviews from others to decide whether to change platform or not.

The only alternative to localbitcoins I have ever used is
https://paxful.com/
https://localcryptos.com/ (known before as localethereum)

Other than that its better to avoid if you are not looking for exchange between bitcoin and some specific local fiat.

They location is Istanbul city, I think It from Greece. Because there is a free trading zone.

No exchange can offer you with zero fee trading service unless they are scammers so wakeup from your dream and use the legit localbitcoin or paxful for p2p trading method.Localcryptos is the new alternative for you which has no KYC requirement for now.

Why do not ask him to respond to this topic? Or give you logical answers to some questions?
Can s/he risk his reputation to make you try that site?
Even if you try that site and you are not scammed, the problem will still exist and they may be selective scammers "wait until you deposit large sums."
I don't think you would risk your entire capital in order to save some fees?

Actually I am not doing huge amount of trade. The %1 fee is too much for given service. So I cant get arbitrage revenues.  The %1 even %0.5 percent is important to daily traders. The MtGox is collapsed like binance nowadays. Remember Binance also hacked months ago.
I dont like localbitcoins new tiered kyc verification.

I will try it with small amount than write up here.

Keep secure your private keys :)

Istanbul is in Turkey and wdym by "free trading zone"? there's no such thing, you can trade wherever you are although the ways vary. If you're talking about free fees, also no such thing.

In any case, the volume is not enough for this to be an alternative. And it honestly looks shady, I'd prioritize safety above all if I were you op. Also not seeing a good future through this.


Less human workers is a bad sign in terms of service quality IMO. I'm actually seeing it on their website with all the nasty mass of watermarks and broken English (or it could just be a sign to stay away-- most scams have that as well)

Listing fees as the main source of income or worst solely is very unstable unless they're gonna drop all their standards and list any coin as long as the devs can pay. But first, they need decent users for that, looking at the volume and the number of coins listed, they're still at the starting point. Non-established exchanges have higher chances of running away.


alright. but if I were you, I wouldn't count on it, it doesn't guarantee anything. Still, trade what you can afford to lose.

Actually I feel like you want to promote that website with you friend's reputation story. These exchanges are not going to give you any private keys so keep your funds safe on wallet not into any exchange especially with unknown sites.

Looking for your review of the site...

Now the site is down, yesterday it was alive.

https://i.imgur.com/W7qSgap.png

I think OP was trying to promote his own site here but when he/she got the negative responses from the smart asses (us) he took down his site or maybe the owner was following this thread. ::)

Thanks for the correction and sorry for the wrong info.

I copied the domain from my previous post before doing the lookup and it came out that I typed wrong in my previous post. Corrected it now!

Opened the website for 10 seconds and realized that is nothing safer compared to LocalBitcoins. The KYC policies have added a lot of problems recently for traders even with smaller amounts but it is worth the security they provide. They're a legal company with a proper office and a team. Not that I'm a fan of such corporates but when it comes to your money, you'd always trust someone with a reputation over an anonymously owned site. LBC has the KYC downfall but they'd not run away with your bitcoins.

I wonder what proportion of these threads are mindless promotion vs genuine question. I'm guessing it's going to be a ratio of about 95 to 1. Having said that newcomers seem to be extremely good at running straight into the arms of dogshit services.

It looks like a local exchange, something that a lot of European people have, and they are basically run by a couple of traders that basically help their own business and help other friends/traders that way. It's not the most legit thing, to be fair.

Not sure why he would question the integrity of the website if he was promoting it, to be fair. Could be an elaborate scam though...

Actually, reading the responses again and not being able to access the site makes me think otherwise. God damn it..

Because they're trying to be subtle about it?. I encountered some cases where a user lashed out and/or overly defended the said service or product when users pointed out (valid) the negative things about it. There's also the easy one where the op's posts are mostly about what they're asking.

I'd say there's always a possibility that it's all just a scheme to promote the said service or product but there's no way of knowing unless they started showing some signs and it would be wrong to automatically accuse everyone who opens a legit check thread.

In any case. It would just backfire if a scammer tries to promote their site using such method cause the members would point it out.

In localbitcoins they will deduct 0.00003BTC for every incoming transaction which is currently $0.2 which is not a huge amount when we compare to the withdrawal fee on some exchanges exceeds 0.0012BTC.

If you consider 1% as a high fee then you can try other exchanges, but I have a reason why 1% is acceptable because the price on LBC is normally higher than the actual market rate so you are not paying a huge amount as fee by the way.

I just traded for about 900usd without problem. btw this small amount.
think double.

Any updates?