Popular P2P exchange AgoraDesk is shutting down, causing a stir in the cryptocurrency community. Users are scrambling to find alternative platforms to continue trading Bitcoin and other digital currencies.
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A major shock in the Bitcoin Peer-to-Peer community as AgoraDesk announces its closure. After nearly 7 years of operations, the platform decided to shut down due to a combination of internal and external factors. AgoraDesk was known for facilitating the purchase and sale of bitcoins without KYC, peer-to-peer. Their closure also affects LocalMonero, their counterpart for the cryptocurrency Monero, which is infamous for its completely anonymous transactions.
The exact reasons for this decision were not specified in the statement, leading to speculation about connections to previous actions taken by authorities on Bitcoin anonymization solutions. This incident highlights the vulnerability of centralized solutions in the long term, despite precautions taken. It remains to be seen if other platforms like HodlHodl, LocalCoinSwap, and Peach will face a similar fate. In light of this, opting for a decentralized solution like BISQ could be an alternative.
The views expressed in this article belong solely to the author and should not be taken as investment advice. It’s crucial to do your own research before making any investment decisions.
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1. What is AgoraDesk?
AgoraDesk is a peer-to-peer exchange platform where users could buy and sell Bitcoin.
2. Why is AgoraDesk closing down?
The reasons for AgoraDesk’s closure have not been officially announced by the platform.
3. Can I still access my account on AgoraDesk?
It is unclear if users will still be able to access their accounts on AgoraDesk after the closure.
4. How does this affect my Bitcoin holdings?
If you have Bitcoin stored on AgoraDesk, it is recommended to withdraw your funds to a secure wallet as soon as possible.
5. Are there other P2P exchange platforms I can use?
There are several other peer-to-peer exchange platforms available where you can buy and sell Bitcoin, such as LocalBitcoins and Paxful.
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