- Mar 21, 2013
- 24,786
- 31,560
Anyone know what this shitshow is about?
I know they banned thousands the past few days. But why? Anyone know?
I know they banned thousands the past few days. But why? Anyone know?
What's happening at LocalBitcoins?
- Thread starter bartosimpsonio
- Start date
TiagoS
Supreme Member
- Jul 5, 2014
- 1,237
- 1,104
I got banned from locabitcoins. Apparently because I sent to a blacklisted wallet or website. I sent coins to Wasabi wallet and Rahakott back in the day. I guess the problem was Wasabi wallet. I believe was because Wasabi uses a p2p system. So if a flagged illegal/malicious transaction went trough one peer, maybe they associated all other transactions as malicious and built a ban list based on all addresses that this peer sent / received from, that could be huge. I believe that might be the issue.
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ShadowLabz
Newbie
- Feb 24, 2020
- 16
- 2
Sounds like they ran a script to bulk ban accounts, too bad they didn't provide more info on what they were looking for.
BrotherBrother
Banned - Inappropriate behavior
- Apr 17, 2021
- 72
- 75
nice i moved from localbitcoins years ago. paxful was the hope, but they ended doing kyc for everyone. F them. Now only trade p2p
- Mar 21, 2013
- 24,786
- 31,560
Thanks. That must be it then. I had no idea what wasabi was before your post. Thanks for that.
On reddit I was able to find some mentions of why people got banned. Some were literally buying junk from darknet directly from lbc...if you think about it lbc is right, they could be implicated in some heavy shit if allowed.
I had no idea about wasabi tho.
How do you trade P2P? Any specific place?
thevideoguy
Regular Member
- Sep 25, 2017
- 397
- 494
Localcoinswap is nice, the platform doesn't do any identity verification.
BrotherBrother
Banned - Inappropriate behavior
- Apr 17, 2021
- 72
- 75
I trade with people I already know or that I have traded in the past. There are subreddits where people exchange crypto for fiat (or paypal or whatever), so I go with small amounts first and once there is trust, I go bigger. You can always get scammed, so trade with an amount you are good to go if the trade goes south.
- Mar 21, 2013
- 24,786
- 31,560
That's interesting. Didn't know people traded via Reddit. Any subreddits you recommend?
Elvlin
Elite Member
- Nov 4, 2018
- 5,067
- 2,548
Still dangerous, they can scam you at the 10 or 20 transaction
BrotherBrother
Banned - Inappropriate behavior
- Apr 17, 2021
- 72
- 75
That can happen anytime anywhere. Remember MtGox; operated for a long time, and suddenly, BOOM! disappeared with people's money.
BrotherBrother
Banned - Inappropriate behavior
- Apr 17, 2021
- 72
- 75
- Mar 21, 2013
- 24,786
- 31,560
LOL I had a look at those reddits and I can't tell what's legit or not
- May 2, 2010
- 9,977
- 16,092
localmonero is a scam site? someone on here recommended them, and I told someone else about them who wanted to know. Dammit.
BrotherBrother
Banned - Inappropriate behavior
- Apr 17, 2021
- 72
- 75
oh no, not a scam site, but there are scammers everywhere. like accounts that suddenly start trading again after last transaction done years ago; those types of scams - bought/hacked accounts.
BrotherBrother
Banned - Inappropriate behavior
- Apr 17, 2021
- 72
- 75
start trading small, like 10 usd and grow to an amount you are comfortable with. there's a couple of guys i trade $200-$500 at once without problems.
