localbitcoins is still exisiting im surprised

[Asuspawer09]

you can buy btc now with a lot cheaper and quicker ways!
the cryptocurrency liqutity all over the world been improved a lot so now you can exchnge crypto just with ur bank card

how is this possible that localbitcoins still have customers? 

Finding a good exchange in my country is no easy at all, with the help of local bitcoin it is a big help for some users, especially in the past years.

But this day I think these days there is some platform that is more reliable than this. Depending on your country I think in my country this platform is not gonna be used by a lot of users. Because you could pretty much do everything in some other platform available like buying, transaction, withdraw, convert, etc. But their are still some places here where this platform is preferred or some just want to try it for the experience.

[seoincorporation]

Localbitcoins have customers because they are an old exchange system who operates in multiple countries, remember that poor countries don't have many options in exchanges, and localbitcoin is a good option because they don't operate with their own money they are a service who allow sellers and buyers to make the transactions.

[romero121]

We've got more and more number of trusted P2P Exchanges, but localbitcoins have kept its reputation strong in the market. For the strict KYC people started to avoid using localbitcoins. Even now it is the one contributing large volume of cryptocurrency to cash trading. There'll be difference in the price of bitcoin, compared to other exchanges, but due to its accessibility and different traders giving more transaction option makes people go for it.

[dimonstration]

It's still good to use especially if we use it before as it makes the transaction easier those times that there are no exchange to trust since most of them were just starting and those who still want escrowed service or much more a p2p transactions than exchanges will eventually still use it even there are plenty of exchanges available. It was just due to KYC that it's popularity lose like in other exchanges now. And we only opt to choose exchange now that already built their reputation too.

[stompix]

Excluding the first mover advantage been in favor of localbitcoin, these results only shows majority of the community, careless about their privacy. Doubt my assumptions? then do some research and you'll observe more individuals will likely make use of this centralized sensitive information stealing platform to those that'll put their privacy above other benefits.

There is privacy and there are safety and convenience.
I've used localbitcoins in the past and never used bisq, you know why? Because I trust more a seller with 6 years of activity on localbitoins that they're so-called decentralized escrow and arbitrage solution on bisq. Simple! Besides how would I even protect my privacy, I already hand over my bank account, I already hand my name to a stranger, oh, they don't have a picture of my id, I feel safe now.
Oh, and if something goes wrong a stranger appointed by another stranger will get access to my bank account details and name, and this guy will decide if I'm wrong or not. Yup, the pinnacle of decentralization and safety

On localbitcoins I know the people that deal there I have their phone number, I can choose the bank, the transfer is instant, 2 minutes and they have the coins I have the money. Simple!

[khaled0111]

Unlike most exchanges, LBC offers different methods of payment (60+ method according to their FAQ) which makes it the favored platform for users from some countries, like mine, where it's impossible to use an international credit card or link your bank account to a foreign exchange (or in best case impose limits on internationl wire transfers).

Besides, it appears on the first results on google when searching for: " where to buy / sell botcoin".
So no wonder why people still use it.

[EdenHazard]

I'm not using local bitcoins often but when i needed it .. i mean it's like the last few option to acquired your bitcoin as buying through an exchange are impossible like what most people talked above on how certain country completely ban bitcoin activity such as in india or pakistan , I've once had an experience in the past when I'm going to make a deal and the payment method i preferred is bitcoin and the receiver of this payment are Pakistani living in india and found out that is impossible to go through this deal until i look for localbitcoins solution and everything just went well.

It's not the most ideal to make a transaction for me , but given the fact that there's no option but using localbitcoins .. that is very helpful in some cases.

[cryptoboss2020]

my first bitcoin buying method was localbitoins and coinbase those 2 was my very first experince on buying btc wth fiat currecny.

[verita1]

I have not used localbitcoin, I have taken a look at it to create an account and exchange bitcoin but I found it a bit tedious. They should take advantage of their fame to improve their platform and make it better user friendly.
A point in favor that I have noticed that the traders handle a good price of Bitcoin, the fair neither more nor less.

[erikoy]

Why not? After all localbitcoins is one of the best exchanges before not until they implement the KYC system.

However, like other centralized exchange localbitcoins had good and user friendly interface. The market volume of this exchange also landed on top list of coinmarketcap which means that there are many investors using the exchange.

[Rengga Jati]

LocalBitcoins is a very old popular P2P exchange to trade BTC. And the pros and cons may help you to know why there are people who like and dislike using Localbitcoins:

Pros
1. Available worldwide, excluding USA Clients.
It seems that the P2P LocalBitcoins may become the only way to trade BTC in some countries where they have no local exchange.

2. A private ways to trade bitcoin
This is P2P so that it is more private to buy or sell BTC in easy ways without any complicated mechanism

3. Various payment options
Localbitcoins allow you to choose a wide type of payment method, so it eases every user to do the transaction.
You may choose:

<li>Paypal</li>
<li>Wire transfer</li>
<li>SEPA</li>
<li>Neteller</li>
<li>MoneyGram</li>
<li>Skrill</li>
<li>Cash deposits</li>
<li>Payoneer</li>
<li>Payza</li>
<li>WeChat</li>

4. Fast transaction'
5. Transaction fees are reasonable

Cons
1. Scam probability
You may have to be more careful when doing the transaction on this platform because there probably are some scams. Th platform has good reputation, but not all users have it and maybe some of them are scammers. So, just watch out
2. Sometimes, the exchange rates are higher, depending on the transaction and payment method.

At least those can be cosnideration and you may also can add some more if any and miss here.

Source:
https://99bitcoins.com/bitcoin-exchanges/localbitcoins-review/
https://www.buybitcoinworldwide.com/exchanges/localbitcoins/

[Insanerman]

It is illegal in some countries to buy/sell bitcoin. Some banks bans accounts that try to transfer to crypto exchanges or block transfers. For them localbitcoins is the only place to find seller/buyer.

So you are saying some people use it to break the laws? If it is illegal in their country, then they should not buy or use crypto currencies. The risks aren't worth it at all.

I agree with the fact that those risks must not be taken with the restriction of the use of crypto in a certain country. But it must not be a reason to justify some crypto enthusiasts to keep engaging with the crypto despite its prohibition in their local country. Have you been on a country where crypto had been an issue suddenly after you've engaged to it? I guess not. Some users in here are the first to adopt crypto in their life then just suddenly being restricted by their country due to the thought of 'crypto being a huge risk of scam' or 'crypto being a threat to their local banks'. Hence, it is not always a risk they've taken. Its the risks they've received in which is just an outcome.

[Tytanowy Janusz]

So you are saying some people use it to break the laws? If it is illegal in their country, then they should not buy or use crypto currencies. The risks aren't worth it at all. There are chances that you will get caught eventually. After you buy bitcoin, at one point you might want to convert it to fiat, but there is no way you can use your banks to transfer those money you get after selling your coins (unless you plan to receive cash money and stash it somewhere).

I agree that in such case they should not do this but it doesn't change the fact that some may want to. It it's worth it or not it depends on the penalty and amount that you want to buy/sell and the reason (f.e. hyperinflation in your country). If penalty is small fine than it might be worth it.

You are also able to buy/sell without KYC, and without any trace. Anonymity is a tier 1 thing for some.

As far as I know, they added KYC. And as long as you are connected to the internet you CAN be traced!

Damn... didn't know about KYC. This actually partially renders the use of localbitcoins meaningless
According to trace - no if you know what you are doing. VPN and Tor are made for this.

[rollingdice]

Some people are afraid of KYC more than high fees.

[cryptoboss2020]

Some people are afraid of KYC more than high fees.

main reason why KYC is there becouse that to verify that money come from the same person the bitcoin sellers been used before in many scams.
KYC main purpose is to protect the btc sellers first !!

[Sithara007]

The last time I used Localbitcoins was sometime in 2018. Here in India, it is impossible to use Localbitcoins. I applied for KYC verification many times, but my application was rejected. I sent all the required documents to the LBC team, and then tried to verify my identity using the webcam. But they always rejected my verification when I was using the webcam. After trying 2-3 times, I gave up.

[Lizzie_Girl]

I am also surprised. I stopped using them long ago when they started asking for KYC. That was enough for me. I was very surprised that you could at one stage trade bitcoin to cash in person there but that too changed.
I definitely wouldn't recommend trading there. It is a horrible pain to wait for someone to talk to and engage the trade then wait. Rather just use your local exchange that does fiat too. I've never had a problem and it is much much easier.

[Danslip]

For P2P trades, the Localbitcoins is a second to none option for me. I am sure many other crypto users still use the Localbitcoins for different purposes, the high commissions let the users make money by taking advantage of high fees compared to alternative exchanges. If there is no available debit card for purchasing crypto, then Localbitcoins will be my suggestion in my country. If anyone here has used the Aximetria app, I suggest checking its similar feature to Localbitcoins. The Aximetria users can receive/send BTC with cash, there is a function for this: Cash collector

[ethereumhunter]

No matter if LocalBitcoins still exist, I don't use their services to buy and sell bitcoin. I still prefer to use my existing sellers to help me to convert my bitcoin into fiat. I don't want to fill KYC on that site because I don't know much about LocalBitcoins now. But if people can accept the KYC on their site, I think they can still use LocalBitcoins to buy and sell bitcoin.

[cryptoboss2020]

Yes but localbotcoins not cheap way