Argentina New LocalBitcoins Volume Record

in #bitcoin4 years ago

Due to financial issues, Capital Controls on Foreign Currencies, huge inflation bitcoin and crypto are booming in Argentina.

Argentina declares economic emergency, seems they will have financial crisis again.

The 1998–2002 Argentine Great Depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed the 1974–1990 Great Depression after a brief period of rapid economic growth.

LocalBitcoins

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This is pretty crazy as most countries had main spikes in December 2017, yet these guys push up hard.

Ie Venezuela with similar problems is not even close.
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While in Argentina LB may be a good thing its not longer anonymous and there is loads of robberies there, i suggest not using it unless you really have too.
In argentina there is capital gains problems so doing KYC somewhere and using bank to deposit is impossible but if you can do that better use KYC exchanges like Bitstamp or Kraken and deposit EUR/USD there.

Yet if you have crypto or USDT go for bitcoin exchanges that do not verify anyone:

  • Binance - top1 exchange in the world with best volumes and promotions
  • KuCoin - i would call it younger brother of Binance with many NEO and ETH pairs
  • BiBox - amazing China exchange, similar to other two above with different coins
  • BitMax - crazy overlooked by people china exchange with loads of good options
  • BitForex - currently top volume exchange for USDT pairs, really overlooked
  • Coinex - ETH BCH BTC EOS pairs
  • COSS - many deals on ETH tokens for arbitrages

Keep in mind you should act sooner not later as at some point all exchanges may need KYC or at least make that rule for new accounts.


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The chain reaction of governments collapsing in south america will make us the region with the most cryptocurrency adoption in no time!

i think so too, also people speak of africa as next place

But the space there will be different, while south america needs stronger currencies to fight government, The countries in Africa suffer more as a whole from unbanked populations, which crypto can fill quite nicely as well, not saying they dont need stronger currencies but the main issue there is the unbanked right now. In the end, the result will be the same, more adoption.

this news is very interesting

i think so too!

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