LocalBitcoins Trading Up, Bitcoin Going Mainstream?
Many people use LocalBitcoins for many reasons, but lately its volume has increased a lot. This, of course, brings up the question of what it means for Bitcoin. Is Bitcoin going mainstream, are people stocking up for a coming increase, or is LocalBitcoins one of the more convenient places to sell bitcoins these days? It's hard to tell if any, or all of these are the case. Indeed, LocalBitcoins is one of the fastest ways to get it done. After three confirmations, if you find a buyer, you complete your transaction and you have your money. Also read: Greece is not Buying Bitcoin. Unless you....
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Just last weekend, LocalBitcoins set its weekly record trading volume. Across disparate regions, there seems to be a unifying trend: volume is increasing on LocalBitcoins. But this has left some wondering: how much of this trading volume is due to fraud? Most of the transactions done on LocalBitcoins are not done via peer-to-peer cash transactions, but instead on transactions based around intermediary financial institutions. Does this mean that more and more people are dealing in bitcoins by depositing money in other individuals accounts? Nonetheless, it appears on LocalBitcoins, at least,....
It’s important to remember the part played by over-the-counter (OTC) bitcoin trading platforms like LocalBitcoins — they often reveal interesting things about Bitcoin’s place in the world. LocalBitcoins Volume Getting Higher. Kaiko tracks data from LocalBitcoins as well as all other exchanges, and we’ve compiled all that information into the first....
Localbitcoins saw a roughly 85 percent increase in global volume over the course of 2016, and the growth seen by this bitcoin trading platform was seen equally in both the developed and developing world—albeit for different reasons. While the need for increased privacy and the avoidance of Know Your Customer regulations is known to be the driving force....
The process of purchasing bitcoins on a LocalBitcoins ATM will not require an Internet connection. It seems a few arrests in Florida are not going to slow down progress over at LocalBitcoins. LocalBitcoins ATMs are now in production, and users will soon be able to make local trades without having to find a human counterparty. Their ATMs will allow anyone to buy or sell bitcoins, and the most amazing feature of these new devices might be that they don't require an Internet connection to function. Instead of connecting with your phone, the LocalBitcoins ATM will give a user a redeemable code....
Bitcoinist.net had the opportunity to talk to founder of LocalBitcoins.com founder Jeremias Kangas recently. Jeremias speaks at length about how he got started in bitcoin, government intervention, the current state of LocalBitcoin.com and where they are headed in the future. “LocalBitcoins.com is a marketplace for trading bitcoins locally to cash or online payments of your choice. LocalBitcoins.com facilitates peer-to-peer bitcoin transactions.” What is the history of LocalBitcoins.com – how did it get started?