LocalBitcoins Review

0 Reviews
0.0/5
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LocalBitcoins is a person to person networking platform. This opens up possibilities in the crypto market not seen before. Zero fees to buy and sell to others. Create a post and interact with other buyers/sellers in the market. -Laura

"Buy and sell Bitcoin with others"

LocalBitcoins is a person-to-person bitcoin trading site, that allows people from different countries to exchange their local currency into bitcoins. They allow users to create advertisements where they can choose the payment method and exchange rate for buying and selling bitcoins from and to other LocalBitcoins’ users. By replying to these advertisements, a trade chat is opened and escrow protection is automatically activated. Escrow protects both buyer and seller by keeping the bitcoins safe until the payment is done and the seller releases bitcoins to the buyer. LocalBitcoins also provides a web wallet from where you can send and receive Bitcoin transactions.

Features of LocalBitcoins

Localbitcoins fees

LocalBitcoins is free to use. There are no fees for buying and selling Bitcoin through their platform, or registering an account with them. If you create an ad, you will be charged a 1% fee only on completed trades. Browsing ads that are already posted to buy and sell will allow you to avoid paying any fee. As of now, only Bitcoins are available to buy and sell. 

Buy and Sell Bitcoin with no fees

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LocalBitcoins Review

LocalBitcoins in a community of crypto enthusiasts looking to buy and sell. Take advantage of their no fees to buy from other users on the platform. Great user experience.

Rating
5/5
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localbitcoins user portal

LocalBitcoins allows you to buy Bitcoin by browsing and responding to ads posted by Bitcoin sellers. Find a listing, agree to the price, the accepted payment method, and the limits of Bitcoin offered by the seller. Same premise for selling Bitcoin, browse and respond to ads posted by buyers of Bitcoin and make a deal with the above mentioned parameters. LocalBitcoins also allows you to create your own ad to buy or sell Bitcoin. Use their search tool to specify amount, currency, country, and payment method. Registration is simple, but you’ll need to provide the following information; Full name, Email address, Phone number, and Country of residence. Further verification information will open up larger volumes available to trade. Tier 1 has a limit of 1,000 euro/year. 

Pros

Cons

Buy and Sell Bitcoins

No fee to buy or sell

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