What’s been the user experience on this site? Worth using or is it just out of necessity?

Buying bitcoins anonymously for various purposes

Elaborate please

they monitor transactions on the site and will 'get in touch' with you

I've been buying from there for a few years and nobody ever contacted me about it.
The coins were used for purchasing on the markets too

clickondetroit.com/news/michigan-man-facing-charges-for-running-bitcoin-exchange-in-bloomfield-twp-

agents actually pose as buyers and sellers and will get you eventually.

Outside of West, this is one of the only ways to trade fiat/BTC

Interesting. Bullshit article though.
>The currency has also drawn the ire of many in law enforcement and cybersecurity because it’s difficult to trace, making it a currency of choice for hackers behind ransomware attacks
le evil hacker currency

I'm not worried though, i've been buying off the same guy the entire time.

I think they charge more than that, honestly. Almost everywhere charges 5-15%

She went way to far.

gizmodo.com/bitcoin-maven-jailed-for-multi-million-dollar-bitcoin-f-1827531154
>According to Ars Technica, at one point the fake boyfriend informed Tetley that he possessed a large supply of “coke, meth, and weed” that had been “stolen” and was selling that stash for the bitcoin he was trading with her. Tetley moved forward with the transactions anyway, at one point showing up with $300,000 in two Trader Joe’s grocery bags to make a trade with the undercover agent.
>“Providing cash in envelopes (and in the significant amounts she did), in coffee shops and restaurants, is no way to conduct legitimate business

If you are only buying to pay for coffee or selling to pay taxes then you'll be ok. In all of the cases I've seen they did it as a business.

coindesk.com/9-years-localbitcoins-trader-sentenced-latest-money-transmission-case/
>Both were charged with running an unlawful money business

>Bradley Anthony Stetkiw was charged with operating an unlicensed money transmitting business.
>According to the indictment, Stetkiw went by the name “SaltandPepper” on a website called LocalBitcoins and would meet customers at a Tim Hortons restaurant and sell bitcoins at a premium.

Can anyone show me one case where they didn't do it as a business?

its almost 100% undercover DHS agents or people who have been compromised by them, in the US anyway

dont use it for large amounts of money. massive amounts of raids happened in 2014

burtw, someone i knew personally, wasnt running a business, they raided his house and took every electronic device he had and all his btc, cost him a fortune in legal fees and ended up dropping the charges after 2 years and made him give all his BTC to them as part of the deal, returned all his computers in pieces and fucked up. He was one of 17 people they raided in colorado, the rest stayed alot quieter.

dolpress.com/news/2016/4/17/no-greater-tyranny

www.burtw.com has more links

www.jmwagner.com is his wifes account of the events, shes an attorney.

Attached: IMG_20171214_131241_024.jpg (435x320, 21K)

also, they call it doing it as a business if its more than 10k or youre doing it for a profit, which everyone is. then you get to spend a fortune and get bullied and raided by 20 glowniggers trying to prove them wrong

hes probably a fed, or reporting information to them, or he'd be in court by now. even in states where btc selling/buying is explictly legal like TN, the feds run ops

Don't make an account because they starting to force KYC, many of the frequent traders leave contact info on their ad. Craigslist also has ads for bitcoin trading.

news.bitcoin.com/significant-trade-volume-triggers-localbitcoins-kyc-requirement/

A lot do and I hope they get arrested for scamming. This bitcoin atm only charges 3% for selling. Some prepaid phones let you change your number a few times a year.

Attached: atm.png (557x443, 36K)

>states
I'm not in the US though

well start googling for your country then. i think the US is the only ones really spending time and money on tracking LBTC users

Yes, no other country in the world is able to spend trillions dollars on useless shit. In my place they rarely even conduct murder investigations.

Now that payfair integrated BTC the traders are starting to jump ship

haven't they recently implemented KYC making it completely fucking useless for that now?

>Implying people would use localbitcoin to transfer their funds

It's only good for tax evasion purposes. PayFair does the same thing but without KYC I hear.

PayFair is next big think.

I've used it a couple of times (UK), cash money in my bank account the same day.

This is not true. Payfair.io is local bitcoins but with no KYC and many many more coin/fiat options

depending on your location prices are not too diferent from the real price, sometimes you find someone buying/selling at 1-2% diference and is worth it because other options charge you around 2+% and because is instant, the first time i bought was localbitcoins -> exchange
and you can make money by placing offers instead of taking

There are literally 0 (ZERO) sites beside centralized exchanges, which will let you withdraw fiat WITHOUT KYC.

Not even Payfair.io, I think they have also KYC.

>Not even Payfair.io, I think they have also KYC.
Holy shit look at this wrongfag

Payfair does not force kyc. Its a peer to peer site where the user determines if they want to put kyc for their trade. So its up to the user if they want to buy or sell with kyc. Lots of fiat pairings

Payfair is like really the only site you can trade anonymously

Years ago I left some some btc on there, just a small little bit of change nothing much, but they took it from me and completely wiped the records.

lol like Coinbase is any different... any crypto to fiat gateway will tax you 15-25% after fees, shitty rate, etc.

Payfair.io broo fuck LBC

Has anyone ever used the cash in mail option on LBC?

Also the token volume is literally 700 fucking dollars.

KYC has to be one of the most evil and counterproductive inventions of all time.
Its ridiculous that in a era of completely digital communication and automated economy you still need to "know your client".
People who put up with the "we need a selfie of you with your ID" are a bunch of emasculated cucks, thats basically a mugshot and they're fine with being treated as criminals, that shit is fucking insulting.

This is why government needs to be completely erradicated, ancap is the only way to go forward without being choked to death economically.

There was nothing illegal about buying silver though so...?

I did and with a large amount (around 1.5btc). Was shitting myself waiting for it to arrive. Wrapped the money in a few t-shirts and sent it off. Made sure I went with a guy who has tons of good reviews but you still shit yourself like.

Ended up getting the address from him which was a business which would transact a lot in cash and I guess that's how they launder the money (I assume they launder it). Still though, I would imagine they wouldn't have the volume to easily hide big transactions if that happened often.

What does the token volume have to do with the site?

the only timt ppl go to jail is if they are receiving cash payments and fail to file form 8300, OR they are transacting as a business ("as a business" = charging a premium or fee and that is how you are making money, not from capital gains/trading).

>coindesk.com/9-years-localbitcoins-trader-sentenced-latest-money-transmission-case/

no. it's always "as a business" = you are profiting from buying BTC and charging a premium.

in EVERY CASE the person is acting as a money service business, that is they are acting as a MONEY EXCHANGER (the seller is, not the buyer). It'd be illegal to open a foreign currency exchange and swap dollars for rupees, as well. In ALL CASES, the seller charges a COMMISSION for the exchange.

This is what makes it a business. A money exchanging business has to register with FINCEN and have an anti-money-laundering program in place.

it is not illegal to buy BTC. It is illegal to engage in a pattern of selling such that you are profiting from charging comission/fee for exhcanging people's cash for BTC. THis makes you a money service business who must register.