How does sells that send you bank transfers within 1 minute sound like (we have a variety of instant cash transfer methods).
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It makes sense if people trust traders with years of feedback more than exchanges, plus the protection of escrow and arbitration -- for those not just ready to make the plunge into non-custodial p2p like bisq.
This is the thing people need to understand, localbitcoins in most cases is faster than anything and the older players in the game that used it for years have built trust relations you will never achieve with a platform, that's why the volume on LB is
keeping almost constant in terms of $, it has its own type of clients who used this platform for years and will continue to do so.
Nowadays if you don't have problem with going through KYC then you can just use Binance or other known exchanges which also have way more features which makes localbitcoins almost useless, unless for some reason you trust Localbitcoins more than Binance or similar exchanges/trading platforms.
Useless?
I can select a trader I've known for 4 years and has done thousands of trades, give him my bank account and in a matter of minutes I have the money in my bank account as here transfers between accounts in the same bank are instant, it's faster than going to an ATM, and no exchange will ever be able to complete.
And features? What features do I need? I want to exchange my coins for fiat, that's what I want and I couldn't care one bit about margins, defi, investment or any other crap and I will always choose the one that has worked flawlessly for years.
