Does anybody use Paxful or Localbitcoins to buy BTC?

Discussion in 'General Bitcoin Gambling Discussion' started by BeastyBoy, Jan 9, 2017.

  1. BeastyBoy

    BeastyBoy Member

    I used to buy and sell all my bitcoin at until closed their brokerage service. Now I'm looking for an easy and cheap way to buy and sell bitcoin in the USA for gambling purposes. I've read that Paxful and Localbitcoins are a good alternative to Coinbase and Circle but I don't really understand what they are.

    Has anyone here used either or to buy/sell bitcoin in the United States?
  2. Humble Servant

    Humble Servant Active Member Staff Member

    Yes. I've used both and they are trustworthy. They are like the eBay of bitcoin buying and selling. Here's a video explanation of how Paxful works...

  3. NKOTB

    NKOTB Member

    These services are great for anyone using sites like Alphabay because there is no KYC or AML procedure so the coins can't be linked back to you. In the past it was possible to buy bitcoins from BTM's to make these purchases but even those machines now require you provide ID and a fingerprint.
  4. Some did this review of Paxful, which might be useful.

  5. Tommy82

    Tommy82 Member

    how much commission do paxful and locabitcoins charge?
  6. SuckIt

    SuckIt Member

    I know Paxful charge the seller 1% of the sale amount. There is no fee for buying btc at Paxful. I'm not familiar with localbitcoin but I presume it's similar.
  7. 2damoon

    2damoon Member

    These are really critical services as they act as a safety valve for when governments over regulate. For example, when the PBOC recently stopped Chinese bitcoin exchanges from processing withdrawals, the volume on Chinese localbitcoin went through the roof. It's important that governments realise that over regulating bitcoin is a bad idea.
  8. Pony

    Pony Member

    reddit were forced to remove any mention of localbitcoin but does anyone know why?
  9. Freddy

    Freddy Member

    Here's a tutorial on how to buy bitcoin on Localbitcoin...

  10. NKOTB

    NKOTB Member

    There is a new site similar to Locabitcoin for Monero that allows you to buy Monero for cash. I think it's called Monero For Cash.
  11. Smug Satoshi

    Smug Satoshi Member

    Monero need to get added to Trezor or Ledger before I think about investing.
  12. Humble Servant

    Humble Servant Active Member Staff Member

  13. Doyle

    Doyle Member

    what are the best alternatives for buying btc anonymously if localbitcoins is no longer an option?
  14. PokerGod

    PokerGod Member

    you could try paxful.
  15. Fatboy

    Fatboy Member

    I stopped using them after they asked for AML and KYC. Now I use Hodl Hodl and it works pretty good if you want to remain anonymous.

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