LocalBitcoins.com removes face-to-face cash purchases

02 Jun, 2019
by David Borman
Exchange
LocalBitcoins.com removes face-to-face cash purchases

It has been reported by Bitnews that popular peer-to-peer Bitcoin exchange LocalBitcoins.com has removed the option for users to meet up face to face and exchange Bitcoins for cash.

Users across reddit and twitter are reporting that they can no longer find the option to meet users in person to exchange BTC for cash.

On reddit, users have begun to discuss other options for trading Bitcooins without having to use an exchange with Know-Your-Customer protocols in place:

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However, it seems that these markets pale in comparison to LocalBitcoins, at least according to one user:

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As of now, there has been no official word from LocalBitcoins.com on the development, but it seems to be an across-the-board change for all users. Recently the exchange suspended operations in Iran, plausibly due to US sanctions, however this is unlikely to be related to this latest move.

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