A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards.
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.
LocalBitcoins’ website has been blacklisted in one of its key markets.2876
Crypto businesses are unsure how to react to new regulations in the Russian Federation.12638
While many centralized exchanges benefited handsomely from the recent sell-off, P2P trade on Paxful dropped by almost 50% this week.9944
Early mistakes can mean big losses.9593
Bitcoin goes quite well with tacos.4893
In addition to the Indian P2P market surging in recent months, the country’s DeFi sector has been gaining momentum.11048
The global P2P markets are pumping, with numerous African and Latin American markets touching new all-time highs for volume.4083
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.2812
Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint.8167
LocalBitcoins reported a 10% increase in annual revenue for 2019 despite the platform's KYC overhaul impacting trade volume on the platform.2511
As the crypto community’s anticipation for PayPal’s exploration into crypto grows, Pundi X has integrated the payments processor for its point-of-sale devices.10183
LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019.5447
A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets.9023
Peer-to-peer Bitcoin trading in the United States has surged to post its strongest weekly volume on record, with almost $29 million trading on Localbitcoins and Paxful.6046