Why Localbitcoins added KYC in their Site?

Localbitcoins is the best Bitcoin Exchange with tremendous trade volume and user engagement. In the year 2019, Localbitcoins flashed for dark net tradering. As Localbitcoins offers annonmous trading feature.

To reduce the Dark net trading, Localbitcoins has taken effective measures and included, KYC in their website in the month of september. Later than those kinds of illegal trading activities get reduced to 70% on the other side, it directly affect the trade volume of the exchange. Half of the trade volume got reduced.

Very recently, localbitcoins was blocked in Russia and some other spam counts are suspended. Actually In this crucial time, these kinds of steps taken by localbitcoins are highly appreciable. Many budding entrepreneurs willing to start a Crypto Exchange like Localbitcoins, it is actually doable with Localbitcoins Clone Script which is the website script with all the basic features of LBC.