Last week 1,190 BTC (all time high) were traded using localbitcoins in Venezuela. One BTC is around 1,900,000 BsS (all time high too). Montly minimum was increased from around 5 USD (1800 BsS.) to 12 USD (4500 BsS.). Inflation in the last three months was 400,000%.

Hi guys, monthly update. I'm Venezuelan living here, each day needing more money to survive. It's incredible how inflation is reaching even "hard" currency like USD or EUROS.


BTW: Maduro "ordered" to change the value of the petro v2 (Venezuelan "crypto") from around 3,600 BsS. to 9,000 BsS.

submitted by /u/WorkingLime
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Significant Trade Volume Triggers Localbitcoins KYC Requirement (

According to a recent thread on Reddit, Localbitcoins traders allegedly have to verify their identity if they are trading “significant” volume using the peer-to-peer platform.
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Localbitcoins ‘Error’ Involves Know-Your-Customer Verification
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