Spotlight
The shutdown of LocalBitcoins left a gap in the market for reliable crypto on-ramps and off-ramps, highlighting the need for secure and accessible platforms for converting digital currencies.
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LocalBitcoins News
LocalBitcoins is a P2P cryptocurrency exchange that was founded in Finland in 2012. The platform allows for safe and anonymous transactions with Bitcoin directly between only the retailer and the customer without any involvement by the exchange. It is considered that its model makes all operations faster and more convenient. The service works in 224 countries, so a wide range of fiat currencies are available. Besides that, all the operations are possible online and offline by providing a user with the required information about locations of the participating retailers in his region. LocalBitcoins fees are quite low compared with other exchanges and are only 1% of any operation made by the seller. To stay secure, it is necessary to investigate all the information about the other party of the transaction. This can be found out from its reputation and number of years its been using the LocalBitcoins app.
- News
LocalBitcoins’ customers have 12 months to withdraw their cryptocurrencies from the LocalBitcoins wallet but are advised to do so immediately.
18066 - Follow up
Monetary reforms and a lack of regulation mean crypto is booming in Cuba.
5588 - News
Cubans are interested in Bitcoin as other major digital payment options like PayPal are unavailable.
7864 - News
A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards.
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LocalBitcoins’ website has been blacklisted in one of its key markets.
3604 - Follow up
Crypto businesses are unsure how to react to new regulations in the Russian Federation.
16207 - News
While many centralized exchanges benefited handsomely from the recent sell-off, P2P trade on Paxful dropped by almost 50% this week.
10620 - News
Early mistakes can mean big losses.
10371 - News
Bitcoin goes quite well with tacos.
5410 - Analysis
In addition to the Indian P2P market surging in recent months, the country’s DeFi sector has been gaining momentum.
12017 - News
The global P2P markets are pumping, with numerous African and Latin American markets touching new all-time highs for volume.
4851 - News
LocalBitcoins has partnered with blockchain intelligence firm Elliptic to gain access to new blockchain monitoring tools that can help prevent the illicit use of its services.
3227 - News
Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint.
10281 - News
LocalBitcoins reported a 10% increase in annual revenue for 2019 despite the platform's KYC overhaul impacting trade volume on the platform.
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