local bitcoin alternative

[KupaCrypto]

Use a platform like this to buy or sell bitcoins, is a High-Risk move, i wouldn't recommend anyone to risk their money this way because if you lose your money the platform will say "It was a P2P exchange and we are not responsible for your loss".

My question is, how does the platform avoid scammers if there is no KYC process on it? Anyone could join with a fake name, offer Paypal, and after the deal then charge back the Paypal payment while they already get the BTC.

the idea isn't bad, but it will be a paradise for scammers with the current rules.

Well said, I think KYC should be introduced to this platform in order to lower the chances of having scammers here, because this platform is a good avenue to buy and sell BTC, 90% of wat we do here is BTC related, and if someone wants to sell a BTC, I think here should be the right place to get buyers and sellers, but that can't be achieved if a way of identification of users is not introduced, I think it should be introduced to reduce the risks of being scammed on this platform.

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[1715162131]

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[1715162131]

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[herecomesjohnny]

Hello everyone,

Following the closure of localbitcoin.com I looked for solutions nothing good, so I decided to code a small site to help the community for people looking to buy bitcoins physically with real sellers etc ... it's a classifieds site, it can be a person, a store it can be anything here I hope it helps the community, good day to all.

To buy bitcoins physically and locally, there is www.localbtc.org

I appreciate all the comments to improve my site be indulgent, I do this voluntarily for the community.

Best all,

  That sounds like a great initiative! Creating a platform to facilitate local Bitcoin transactions can indeed be very helpful for the community, especially in the absence of popular platforms like localbitcoins.com. By providing a classifieds-style website where individuals and businesses can connect to buy and sell Bitcoins locally, you're offering a valuable service that can foster trust and convenience for users. This can be particularly beneficial for those who prefer face-to-face transactions or who may not have access to traditional online exchanges.

Here are a few suggestions to ensure the success and safety of your platform:

User Verification: Implement a user verification system to ensure the identity and legitimacy of both buyers and sellers. This can include email verification, phone verification, or even ID verification for high-value transactions.

Secure Communication: Provide a secure messaging system within the platform to allow buyers and sellers to communicate safely without sharing personal contact information until they're ready to meet in person.

Transaction Escrow: Consider implementing an escrow service where Bitcoins are held in escrow until both parties confirm the completion of the transaction. This helps prevent scams and ensures that both parties fulfill their obligations.

User Ratings and Reviews: Allow users to rate and review each other based on their transaction experiences. This helps build trust within the community and allows users to make informed decisions when choosing who to transact with.

Security Measures: Implement robust security measures to protect user data and prevent unauthorized access to the platform. This includes encryption, regular security audits, and staying up-to-date with the latest security best practices.

Legal Compliance: Ensure that your platform complies with relevant laws and regulations regarding financial transactions and data protection in your jurisdiction.

By prioritizing user safety, trust, and convenience, your platform has the potential to become a valuable resource for the Bitcoin community. Best of luck with your project, and I hope it brings positive benefits to the users it serves!

[linenoise]

I'm all for crypto being anonymous, distributed, buyer beware. Unfortunately, as soon as it touches fiat currency the feds have other ideas.

If you're a US citizen then you're opening yourself and any US users up to the issues that localbitcoins had. This includes users being charged with money laundering and unlicensed money exchange services.  You really need some good crypto legal advice to keep yourself from running into issues. The gov won't care if it's only a hobby project.

Not trying to be a downer, I firmly believe the more devs working in crypto the better. However, I've been around enough to know that any service needs a legal review before it goes live.  If you aren't friends with any lawyers look around. I had one that I could pitch projects to and he'd gladly listen and tell me what would be needed to launch without any charge. He would only charge if I then asked him to do work. He said it was a nice change from the typical business stuff he did.

[BitCoinDream]

Hello everyone,

Following the closure of localbitcoin.com I looked for solutions nothing good, so I decided to code a small site to help the community for people looking to buy bitcoins physically with real sellers etc ... it's a classifieds site, it can be a person, a store it can be anything here I hope it helps the community, good day to all.

To buy bitcoins physically and locally, there is www.localbtc.org

I appreciate all the comments to improve my site be indulgent, I do this voluntarily for the community.

Best all,

Why are you advertising PrimeXBT on your site?

https://go.prmx.co/visit/?bta=35745&brand=primexbt

This looks very unprofessional.

[internetional]

Following the closure of localbitcoin.com I looked for solutions nothing good

Really nothing?

I liked Localbitcoins very much. But I managed to find alternatives which are even better than Localbitcoins:
- LocalCoinSwap which is almost non-custodial (excepting the escrows),
- Agoradesk which is non-custodial for bitcoin buyers,
- RoboSats which operates with Lightning Network with very small fees,
- LNP2PBOT which allows us to create local exchange communities in Telegram,
- Vexl which helps us to spread our offers across our friends and FOAFs only and avoid scamming strangers.

But the main strength of Localbitcoins was its widest popularity. It definitely used to be the biggest platform where it was very easy to find good offers and create our own offers which could attract someone from a big Localbitcoins' community.

Now that big community is fragmented. So there is no alternative to Localbitcoins as a place where offers are made and seen by millions of people.

Unfortunately, your site contributes to this community fragmentation as well. But it doesn't mean your website doesn't have the right to exist. On the contrary, let there be different platforms with different terms. And community integration can be facilitated by aggregators that gather information about offers from all these platforms.

For example, this is how https://yadio.io/market.html operates. What do you think about reaching out to them to have ads from your website included in their list?

[SickDayIn]

It's cool to try and give back and make a site to connect buyers and sellers given local bitcoins has collapsed, however there is an inherent risk with running a site like this with no KYC, no fee structure or commission model, and also trying to establish a seller reputation dashboard to assist customers with trusting someone they are buying from. To break into this market you will need a lot of capital and experienced developers.

[JollyGood]

This is part of the problem for a new website with no history and an anonymous owner/operator. Well, sending crypto first and anticipating payment via bank transfer or exchange for another crypto is something that requires trust with website owners. Also, if your customers (rightly) should take caution and implement precautions if they were to meet traders in person, it is a highly risky (and potentially life threatening) strategy.

What can you do in order to increase your customers as well as trades taking place?

It is clear that any meeting with a stranger, regardless of their origin, online with an unknown person can be dangerous. It is well known that on dating sites, on Snapchat, Facebook, Tinder, or any platform, it is imperative to be vigilant. Even with identity verification procedures (KYC) and criminal record checks (as one can never truly know an individual, and identity theft is easy), the risk of theft or violence still persists. Prioritizing personal safety and being aware of the potential risks associated with online meetings with unknown individuals is crucial, and it is always good to emphasize this.