Ah ok.
Well I don't know how they would want to do it. Yes exchanges are not anonymous, but you don't use exchange if you want anonymous. You pays and receive in btc and if you want cash you go through local bitcoin
Well I don't know how they would want to do it. Yes exchanges are not anonymous, but you don't use exchange if you want anonymous. You pays and receive in btc and if you want cash you go through local bitcoin

CoinBase sent me a nastygram telling me that they were dropping my daily limit due to their data showing that I was selling my bitcoins on localbitcoins. ...
I worry about you, Elwar. Perhaps start some sort of a cash business, like a hot dog stand maybe, to explain those bags of dirty fiat you bring to your bank?
After localbitcoins blocked Germany I only do a few trades a month now with people I've been meeting for a while. Usually about 1-2k per month, enough to pay for rent, food and a few vacations here and there.
I haven't had a bank account here since August. I only recently opened another one because I might possibly be leaving Europe and will need to convert any cash I have back into bitcoins.
Ok it could be the volume that triggered their suspicions, but if you are sending the coins directly back and forth from a local bitcoins account, it also becomes more obvious to them and raising a red flag.
I'm also wondering based on coinbase already having that rule regarding local bitcoins, Maybe if you would have been taking measures to send coins to various other accounts, and it becomes a bit more difficult for them to determine exactly how you are using your coins.
I'm worried about the same for me, and I have several accounts, and I don't tend to send directly to or from local bitcoins. So that adds one more leg, but may not resolve the potential flagging of the account issue in the end.