Recommend Localbitcoins alternatives now that they require KYC/AML

Discussion in 'General Bitcoin Gambling Discussion' started by Pony, Apr 18, 2018.

  1. Pony

    Pony Member

    I've always bought most of my bitcoin from Localbitcoins.com because I think that buying from individuals gives you far more privacy than buying from exchanges like Coinbase who are likely to report you to the IRS or other government agencies. If you are indulging in activities that are illegal in your country, like gambling, it also makes it far more difficult for the authorities to link you to those activities. Unfortunately, they announced that they want users to provide identification soon so they are going down the Know Your Customer / Anti-Money Laundering route also.

    As soon as that happens I'm gone so can anyone recommend some safe alternatives to Localbitcoins?
     
  2. Fatboy

    Fatboy Member

    I can recommend https://paxful.com They run a similar operation to Localbitcoins. You can buy bitcoin with Amazon Gift Card, PayPal, Western Union etc. and I don't believe AML and KYC is required (yet).
     
  3. Gooch

    Gooch Member

    you could try a decentralized exchange like Bisq. they operate similar to a regular exchange like gdax or bitstam except that they are not hosted centrally and it's completely open-source so there is no management team to prosecute. Because of this you can trade a number of crypto including bitcoin, litecoin, dash and monero without having to do any kyc/aml. they offer an escrow service so you don't need to thrust the other person you are dealing with.
     
  4. Tommy82

    Tommy82 Member

    I think I read that OpenBazzar now allows you to buy and sell cryptocurrencies via their platform.
     
  5. Humble Servant

    Humble Servant Active Member Staff Member

    Even ShapeShift now requires players to create an account and do AML/KYC. The whole point of Shapeshift was that you didn't need to do these type of things or hand over any personal information.
     
  6. Fatboy

    Fatboy Member

    I have heard that even Binance is now requesting KYC/AML and they are freezing accounts.

    In my opinion https://hodlhodl.com is the best bitcoin exchange now because they don't hold coins themselves so they say they will never need to do KYC/AML.
     

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