Bitcoin Forum — So, is LocalBitcoins the way around Coinbase limits?
A trending discussion at the bitcoin sports betting forum is underway regarding using LocalBitcoin as a way around the limits of popular bitcoin exchange Coinbase and Circle, and if the method would be more effective in conjunction with an intermediary wallet than using the anti-gambling betting exchanges.
SBR Forum poster mister bee started the discussion with the below post:
"So is Localbitcoin the better way around Circle/Coinbase limits? Also, would it prevent one from getting banned from Circle/Coinbase? If so, I would go Localbitcoin-blockchain-book? Could I then go book-blockchain-circle/coinbase, then ultimately to my bank to get USD? thanks guys!"
Poster littlekona had the following to say:
"I've been using local bitcoins since coinbase ban and circle restricted account..easy peasy very fast w [sic] direct cash deposits and you can sell or buy with many options too..I rate it a++++"
Concerning the rates of converting bitcoin for deposits, SBR's kj8210 offered this advice:
"Localbitcoins is the best way to cashout. However if you want to buy coins to deposit, I would try coinbase and circle because sellers on localbitcoins often raise the prices substantially above market value because: 1) they need to make a profit - these guys usually arent gamblers but miners or traders who make profit based on margin and 2) they know you need the coins ASAP"
Read the rest of the responses and take part in the discussion at the bitcoin sports betting forum.