Bitcoin Forum
January 29, 2020, 12:36:08 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: LocalCryptos: An alternative to Paxful & Localbitcoins  (Read 169 times)
OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 1918
Merit: 1682


Exchange Bitcoin quicky--https://blockchain.com.do


View Profile
November 24, 2019, 04:28:58 PM
Merited by malevolent (1), figmentofmyass (1), buwaytress (1)
 #1

The exchange was known as "Localethereum" before changing their name to "LocalCryptos" last week, as they started supporting BTC.

I'm not affiliated with the service, but here are a few reasons on why I think you should use the exchange:

1. No KYC required to use the platform.
2. Non-custodial. You have control over your funds (you can export the private keys).
3. Better UI/UX.
4. Support in-person (cash) transactions (unlike LBC).

It's also possible to import your trust from Localbitcoins and Paxful (soon) to LocalCryptos. So If you are interested in switching and keeping your trust ratings, you can do that!

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1580301368
Hero Member
*
Offline Offline

Posts: 1580301368

View Profile Personal Message (Offline)

Ignore
1580301368
Reply with quote  #2

1580301368
Report to moderator
1580301368
Hero Member
*
Offline Offline

Posts: 1580301368

View Profile Personal Message (Offline)

Ignore
1580301368
Reply with quote  #2

1580301368
Report to moderator
1580301368
Hero Member
*
Offline Offline

Posts: 1580301368

View Profile Personal Message (Offline)

Ignore
1580301368
Reply with quote  #2

1580301368
Report to moderator
rosezionjohn
Sr. Member
****
Offline Offline

Activity: 840
Merit: 265



View Profile WWW
November 26, 2019, 02:45:01 PM
 #2

I just checked the website to see if there are already available buyers and sellers from my country but there are only a few as of now. I also tried connecting Metamask to the platform but it's asking for an email which I do not like. I guess that's just a minor thing compared to the pros that it's non-KYC and non-custodial.


(edit: I hope you don't mind me sharing this to our local board and getting information from your thread.)


[ Mix coins ]
 
Your BITCOIN Transaction
made Truly ANONYMOUS
 

███████
█████████████████
████████████████████████
█████████████████████████████
██████████                    ██████████
█████████                          █████████
███████                                    ████████
          ███████                                        ███████        ██
          █████████████████████████████████████      ███
          █████████████████████████████████████  █████
          ████████████████████████████████████  ██████
        ██████████████████████████████████████████
  █████████████████████████████████████████
█████                                        ████████████
                                  ██████████████
██                          █████████████████████          ██       
█████              ███████████████████████          ████       
█████████████████████████████            █████████       
██████████████████                      ████████████         
██████████████████████████████████████       
████████████████████████  ███████   
    ██████████              █████
                      ████████
      ████████████████    █
        ██████████████████
                  █████      ███
                      █████
                    ████

Blender
 
The ULTIMATE BITCOIN Mixer
with an ADVANCED TECHNOLOGY
 

███████████     
███████████████████████     
████████████████████████████       
██████████████████████████████       
██████████████████████████████     
 

                                          █████████████
                                          ███████████
██████
                                          ███████████
██████
                                          ███████████
        ██
                                        ████████████
        ██
    ██                              █████████████
        ██
    ████                      ███████████████
        ██
    ██████              █████████████████
        ██
    █████████████████████████████
          ██   
      ███████████████████████████
          ███
      ██████  ████████████████████
        ████
      ██████████████████████████
  ██████
      ██████████████████████████
███████
  █████      ████████████████████
███
████          ████████████████
████ 
████          ████████████████         
████████████████████████


   
█████████████████████████         
███████████████████████████         
█████████    ██    ███    ██████████       
███████████    ██    ███     ██████████         
███████████    ██    ███     ███████████       
██████████████████████████████████       
██████████████████████████████████       
Findingnemo
Full Member
***
Offline Offline

Activity: 798
Merit: 144


Don't trust Shitcoins!


View Profile
November 26, 2019, 05:32:29 PM
 #3

But also have risks while using an exchange with no KYC which makes payment in p2p like a source of the payment made to buy bitcoins maybe send from a hacked bank account or even can use for money laundering. If this will be the case then exchanges won't have any responsibility which makes us be accused of doing the crimes.

Lot of new registered account on LBC trying to buy bitcoins at premium rates who were mostly laundering money from hacked bank accounts into bitcoins.

Here are the something things you should do if you don't want to get into any trouble.

  • Avoid trading with unverified accounts (accounts didn't verified their real name on LBC site).
  • Avoid trading newly registered accounts and low trading volumed accounts.
  • While you creating ads click check box of Real name required,ID verification required.
  • Have low trade limit of high risky payment method.
  • Never release btc before getting payment receipt (which is the only thing can help you to appeal against completed trade to LBC customer support).

More suggestions are welcomed by the community members to help the newbie traders on LBC.

LeGaulois
Copper Member
Legendary
*
Offline Offline

Activity: 1316
Merit: 1281

Bitcoin Ninja Unregulated Banker Unbanking Folks


View Profile
November 26, 2019, 08:45:03 PM
 #4

They will also add more cryptocurrencies in the future.

It's a good alternative to localbitcoin but unfortunately, this exchange has never hit the fans. It's already been around for 2 years since they started and they have only about 200 trades daily.
I think the mistake was to use only ethereum, idk, but as usual, when it's about DEXs we always have the low volume problem, so if you start with only ETH, not surprised.

Well, I hope it will improve its userbase.

OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 1918
Merit: 1682


Exchange Bitcoin quicky--https://blockchain.com.do


View Profile
January 03, 2020, 02:55:41 PM
 #5

For those who are already using the exchange, to celebrate the Proof-of-keys event, trading fees have been set to 0% for the whole day (promotion ends on the 4th at 12am UTC).

figmentofmyass
Legendary
*
Offline Offline

Activity: 1288
Merit: 1072



View Profile
January 03, 2020, 07:56:46 PM
 #6

For those who are already using the exchange, to celebrate the Proof-of-keys event, trading fees have been set to 0% for the whole day (promotion ends on the 4th at 12am UTC).

thanks for bumping this. i had no idea localethereum had expanded to bitcoin---that's awesome. sadly p2p cash liquidity is no better than paxful, but with zero KYC i can post my own ad and just see what happens.

how does the reputation importing thing work? how do they verify it's really your account on localbitcoins?

pugman
Legendary
*
Offline Offline

Activity: 1694
Merit: 1392


Sliding in ya DM's be like


View Profile WWW
January 03, 2020, 09:27:29 PM
 #7

I just played around the site for a while, and all in all, its actually not so bad. I like the feature of how they allow you to trade bitcoin for any(available) currency from the list of countries, and not just one, cause LocalBitcoins only allows transaction based on your location. They also allow Crypto to paypal trades, bank deposit, gift card, venmo,and a few more which is actually good. Heck, even weChat pay is allowed.

This might very soon be a better alternative to LBC if more users start using the site. I might use this probably from now on. Thanks for this @OmegaStarScream.

malevolent
can into space
Staff
Legendary
*
Offline Offline

Activity: 2450
Merit: 1328



View Profile
January 04, 2020, 12:07:40 AM
 #8

But also have risks while using an exchange with no KYC which makes payment in p2p like a source of the payment made to buy bitcoins maybe send from a hacked bank account or even can use for money laundering. If this will be the case then exchanges won't have any responsibility which makes us be accused of doing the crimes.

A legitimate concern which isn't entirely alleviated when dealing with KYC-verified entities because verified LBC accounts get hacked and sold all the time. Best to just trade in-person while taking all necessary security precautions.

Findingnemo
Full Member
***
Offline Offline

Activity: 798
Merit: 144


Don't trust Shitcoins!


View Profile
January 04, 2020, 09:53:42 AM
 #9

But also have risks while using an exchange with no KYC which makes payment in p2p like a source of the payment made to buy bitcoins maybe send from a hacked bank account or even can use for money laundering. If this will be the case then exchanges won't have any responsibility which makes us be accused of doing the crimes.

A legitimate concern which isn't entirely alleviated when dealing with KYC-verified entities because verified LBC accounts get hacked and sold all the time. Best to just trade in-person while taking all necessary security precautions.
Hacked accounts can be identified easily if we check the feedback history of that person and if it doesn't have any recent trades better avoid trading with that person but complete anonymous while trading p2p could be a danger when we face any legality issues we will be the only person to be accused and get punished.

OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 1918
Merit: 1682


Exchange Bitcoin quicky--https://blockchain.com.do


View Profile
January 04, 2020, 05:08:52 PM
Merited by figmentofmyass (2)
 #10

thanks for bumping this. i had no idea localethereum had expanded to bitcoin---that's awesome. sadly p2p cash liquidity is no better than paxful, but with zero KYC i can post my own ad and just see what happens.

how does the reputation importing thing work? how do they verify it's really your account on localbitcoins?

After typing your username, you're given a unique code like this:

Code:
LOCALCRYPTOS_VERIFY_XXXXX

Which you should paste somewhere in your Localbitcoins profile. (You can remove it after the verification)

buwaytress
Legendary
*
Offline Offline

Activity: 1246
Merit: 1138


https://bitcoin.watfordfc.com


View Profile
January 04, 2020, 06:40:14 PM
 #11

Thanks for the recommendation. Still heavily LBC here myself, since I don't do super volumes, but have been finding some joy in Bisq (which I personally support), but doesn't hurt to check out another P2P platform with non-custodial systems. Perhaps some time this year I'll use it properly if I can remember and when I'm in no hurry.

But also have risks while using an exchange with no KYC which makes payment in p2p like a source of the payment made to buy bitcoins maybe send from a hacked bank account or even can use for money laundering. If this will be the case then exchanges won't have any responsibility which makes us be accused of doing the crimes.

A legitimate concern which isn't entirely alleviated when dealing with KYC-verified entities because verified LBC accounts get hacked and sold all the time. Best to just trade in-person while taking all necessary security precautions.

Definitely a legitimate concern these days... but I will say that on LBC at least as a seller in my locations, you can insist that payments come from accounts with the same name as the verified ID. It is much, much harder to sell/hack both the LBC account AND the bank account. It's not a guarantee in any way but it makes the risk of fraud a lot less lower. I could be mistaken in that sense of security but at least in one of my jurisdictions, I only accept same-name ID/bank payments when I sell. Which is why LBC works for me in this case.

Kyraishi
Hero Member
*****
Offline Offline

Activity: 728
Merit: 509

CryptoTalk.Org - Get Paid for every Post!


View Profile
January 05, 2020, 12:10:12 AM
 #12

I would love to make use of this, especially with my paxful limit being almost hit as well as the fact that this exchange is non-custodial which is obviously a hell of a lot better than custodial exchanges, even Localbitcoins and paxful.

But the spreads on buy and sell due to the lack of liquidity is just a bit too much to be a viable option right now. Unless you are willing to create an ad yourself and wait for people to hit you up, I doubt that you're going to find any good offers in line with LBC prices or whatnot.

Hopefully more people start using this soon, though.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
coupable
Sr. Member
****
Offline Offline

Activity: 882
Merit: 376



View Profile
January 05, 2020, 06:10:42 PM
 #13

I had registered at the old localethereum using my email+phone number, now i tried to login to localcryptos using the "forget password" function which i can't find it in the login page. I tried some old passwords and one of them was the right one and as i made several attempts i think how much time can i try to guess the right password, knowing that i received the email confirmation for login attempts by just typing the correct username + wrong password. What to do if i forget my password?

.
.
.
▄███████████████████▄
█████████████████████
████████████▀▀░░░░███
███████████▌░░░░░░███
███████████░░░░██████
███████████░░░░██████
████████░░░░░░░░░░▐██
████████░░░░░░░░░░███

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

▀██████████░░░░█████▀
▄███████████████████▄
█████████████████████
█████████████████████
████▀██████▀░░░▀▀▄███
████░░▀▀███░░░░░░▄███
████▀░░░░░░░░░░░▐████
████▄░░░░░░░░░░░█████
█████▀░░░░░░░░░▄█████

████▀█▄░░░░░░░▄██████

█████▄░░░░░▄▄████████

█████████████████████

█████████████████████

▀███████████████████▀
▄███████████████████▄
█████▀▀▀▀▀▀▀▀▀▀▀█████
███░░░▄▄▄▄▄▄▄▄▄░░░███
██░░▄█████████▀▀▄░░██
██░░███▀▀░░░▀▀▄▄█░░██
██░░██▀░▄███▄░▀██░░██
██░░██░░█████░░██░░██
██░░██▄░▀███▀░▄██░░██

██░░███▄▄░░░▄▄███░░██

██░░▀███████████▀░░██

███░░░▀▀▀▀▀▀▀▀▀░░░███

█████▄▄▄▄▄▄▄▄▄▄▄█████

▀███████████████████▀
▄███████████████████▄
█████████████████████
█████████████████████
██████████████▀▀▀████
██████████▀▀░░░░▐████
██████▀▀░░░▄▀░░░█████
████░░░░▄▄▀░░░░▐█████
██████▄▐█░░░░░░██████

███████▌▌░░░░░▐██████

████████▄██▄▄░███████

█████████████████████

█████████████████████

▀███████████████████▀
.
JollyGood
Hero Member
*****
Offline Offline

Activity: 980
Merit: 699


Promote your business here


View Profile
January 08, 2020, 06:19:00 AM
Merited by The Pharmacist (2)
 #14

The exchange was known as "Localethereum" before changing their name to "LocalCryptos" last week, as they started supporting BTC.

I'm not affiliated with the service, but here are a few reasons on why I think you should use the exchange:

1. No KYC required to use the platform.
2. Non-custodial. You have control over your funds (you can export the private keys).
3. Better UI/UX.
4. Support in-person (cash) transactions (unlike LBC).

It's also possible to import your trust from Localbitcoins and Paxful (soon) to LocalCryptos. So If you are interested in switching and keeping your trust ratings, you can do that!


I just checked this website, it seems fairly good from what I can see but you can just about see the name of the company that owns the website and business in its Terms and Conditions page: LocalEthereum Pty Ltd

Unfortunately there are no other details about the company (address etc) but is is based in Australia.

I never heard of this before reading the post so will look around a but all in all seems fairly good alternative to localbitcoins website

OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 1918
Merit: 1682


Exchange Bitcoin quicky--https://blockchain.com.do


View Profile
January 08, 2020, 11:34:45 AM
 #15

I had registered at the old localethereum using my email+phone number, now i tried to login to localcryptos using the "forget password" function which i can't find it in the login page. I tried some old passwords and one of them was the right one and as i made several attempts i think how much time can i try to guess the right password, knowing that i received the email confirmation for login attempts by just typing the correct username + wrong password. What to do if i forget my password?

You cannot recover your password. That's why you should make sure to backup your wallet so even if you lose your account, you can still save your funds.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!