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Author Topic: LocalCryptos is shutting down  (Read 327 times)
o_e_l_e_o
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October 26, 2022, 12:29:33 PM
Merited by dkbit98 (1)
 #21

What I liked and used a lot with LocalCryptos was the fast to face for cash. There are none listed in AgoraDesk (unless I am missing it) and very few on the other exchanges.
On AgoraDesk the option is listed under "Cash (locally)". Obviously it depends on your location, but if you search for New York for example, then there are hundreds of open offers. Bisq also offers face-to-face as a payment method.

Bear in mind as well that all the traders on LocalCryptos will have to find new homes if they want to continue trading, so hopefully you will see the face-to-face markets on these platforms grow in size over the coming weeks as people make the transition.
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October 26, 2022, 07:35:59 PM
 #22

What I liked and used a lot with LocalCryptos was the fast to face for cash. There are none listed in AgoraDesk (unless I am missing it) and very few on the other exchanges.
And their site is mobile friendly. Meet up at a local place, get some cash, release the funds, done.
Yeah I know what you mean, that is what I prefer as well, but there are always other ways you can do this, not just by using LocalCryptos Wink
I don't know the reason why AgoraDesk didn't add that payment option already, but someone could make suggestion to them.
If someone knows any other P2P alternative that have face-to-face payment option, other than AgoraDesk with Cah locally, please post below.

Bear in mind as well that all the traders on LocalCryptos will have to find new homes if they want to continue trading, so hopefully you will see the face-to-face markets on these platforms grow in size over the coming weeks as people make the transition.
Maybe other website will allow them to import their profiles with reputation, I think that is something LocalCryptos did when LocalBitcoin and Paxful announced KYC verification.

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DaveF
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October 26, 2022, 10:33:19 PM
Merited by o_e_l_e_o (4), dkbit98 (1)
 #23

What I liked and used a lot with LocalCryptos was the fast to face for cash. There are none listed in AgoraDesk (unless I am missing it) and very few on the other exchanges.
On AgoraDesk the option is listed under "Cash (locally)". Obviously it depends on your location, but if you search for New York for example, then there are hundreds of open offers. Bisq also offers face-to-face as a payment method.

Bear in mind as well that all the traders on LocalCryptos will have to find new homes if they want to continue trading, so hopefully you will see the face-to-face markets on these platforms grow in size over the coming weeks as people make the transition.

If you use JFK airport there are none in Queens, yes the address in NYC is not that far away by miles, but by time it's an hour+.

Side note, but what I usually do is meet in a local casino. There is one by JFK airport and one a few miles away from ISP airport. If I can grab a random few of your bills and put them in a slot machine and it takes them I figure the rest are good too. If they get rejected I walk.

Never had to do it locally but once in Atlantic City 2 out of the 5 bills failed. I said have a nice day, shook his hand and walked away. I don't think he was ripping me off but rather the person he got the money from ripped him off. Was actually surprised when I wanted to meet at a casino till I explained why.

Either way it is happening, so I guess I'll just have to figure out who wants to travel to meet me.

-Dave

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o_e_l_e_o
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October 27, 2022, 09:20:01 AM
Merited by dkbit98 (1)
 #24

Side note, but what I usually do is meet in a local casino.
That's a neat idea which hasn't occurred to me before. As you say, you can immediately check the legitimacy of the bills, there are plenty of people around, and there are plenty of cameras around as well as security. That's a pretty safe way to do it. Usually if I am trading with a brand new person or someone I don't have that much rapport with I suggest we meet at an ATM or a bank, and either withdraw the cash immediately prior to the trade, or deposit it immediately after. Again you can immediately check the bills, and if you meet during the day then again you get the benefits of people and cameras for security.

Another suggestion would be that if there are people on LocalCryptos you have traded with several times before and have some trust with, then contact them now and ask if they are planning to set up on another platform (if they aren't already using one), or even to suggest that you can arrange private trades after the site goes offline.
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October 27, 2022, 02:44:25 PM
 #25

Never had to do it locally but once in Atlantic City 2 out of the 5 bills failed. I said have a nice day, shook his hand and walked away. I don't think he was ripping me off but rather the person he got the money from ripped him off. Was actually surprised when I wanted to meet at a casino till I explained why.
That's crazy, but I think there are much more fake bills in circulation than we think, and some of them are much harder to detect, that is why Bitcoin is great and you can't fake it, well unless you use some fork with similar name.
I would personally write a review for seller like this that tries to make an exchange with fake bills, even if he didn't want to scam you, he should be more careful.
There are also small personal money detectors that are not very expensive and you can carry them with you everywhere you go.

Another suggestion would be that if there are people on LocalCryptos you have traded with several times before and have some trust with, then contact them now and ask if they are planning to set up on another platform (if they aren't already using one), or even to suggest that you can arrange private trades after the site goes offline.
I wonder if Bisq 2.0 exchange could make some magic and attract more people that are leaving LocalCryptos.

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