4 ms·

I wouldn't describe LocalBitcoins as having "strong KYC"...

• root_axis 9y ago
  LocalBitcoins is pretty impractical for significant sums of cash.
  • darawk 9y ago
    If you have significant sums of cash, you can pay someone to sit on LocalBitcoins cashing out all day.
  • ryanlol 9y ago
    How do you mean impractical? I've done 100k+ trades just fine. For bigger sums you'll usually have the exchanger fly one of their reps over from another country. I would consider LBTC rather impractical for smaller trades though.
    • monort 9y ago
      Did you do this trades in cash?
      • ryanlol 9y ago
        Yeah, that's the idea.
        • monort 9y ago
          What security precautions did you have to handle such a large amounts of cash? Did you have problem with law enforcement? I heard they really like to seize this piles of cash. Sorry for being nosey but I'm genuinely curious!