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+--- Thread: One of the oldest platforms in BTC, LocalBitcoins, set to close its doors permamently (/showthread.php?tid=6232915)
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RE: One of the oldest platforms in BTC, LocalBitcoins, set to close its doors permamently - Mr. Robot - Feb 13, 2023
(Feb 11, 2023 05:22 PM)jaytench Wrote: Apologies if this sounds ignorant, but how does a website with no particular overhead costs discontinue?
Greed and most likely mismanagement of funds.
They take massive fees in and now can't be fucked maintaining something - the only good thing is they just didn't insta sell to someone else.
RE: One of the oldest platforms in BTC, LocalBitcoins, set to close its doors permamently - Eran - Feb 14, 2023
Meh. I have some good times with them when I was making good money online and using them to transfer btc to my bank.
But I'm glad they're forced to shut down. Customer service is absolute crap. I have $500-$600 stuck in a wallet of mine, since someone sent me USDT to a BTC address, and there is absolutely no way for me to recover it since I don't own the private key. I messaged support a handful of times over the years and they refuse to help me. On their site they said the price of their service per hour is 250 EUR. They said solving this issue would take 2 hours therefore the price would be 500 EUR, but it would not make financial sense for me to go forward with it. Smh. 2 hours for something that probably takes a matter of minutes. Eat a dick LBC.