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Author Topic: [ koinde.com] The another alternative of localbitcoins.com is it safe to trade?  (Read 349 times)
Potato Chips
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December 03, 2019, 08:13:10 PM
 #21

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...

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.

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Findingnemo
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December 11, 2019, 05:46:07 AM
 #22

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.
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.


What is incoming transaction fees? I don't like to pay.
When sending to LocalBitcoins wallet, a bitcoin network fee is deducted from the deposit.  Huh
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.

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Findingnemo
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December 21, 2019, 05:00:37 PM
 #23

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.

The lb also have withdrawal fee. The incoming transactions fee and %1 trade fee isn't fair.
It is old exchange, years ago they didn’t have  alternatives. As you know binance founded 2017.
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.

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January 10, 2020, 02:44:44 PM
 #24

I just traded for about 900usd without problem. btw this small amount.
think double.
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December 17, 2020, 01:33:01 PM
 #25

Any updates?
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