LocalBitcoins exchange is a wonderful service that allows people to connect with each other to sell and buy bitcoin in person. The advantages of this are enormous. Unlike online exchanges, there is no waiting period. Bitcoins
arrive instantly after the exchange. Exchanging in person is more anonymous since you don’t have to give sensitive private information to online exchanges. Meeting with stranger in to exchange money is not safe, if you don’t know what you are doing. I will explain the basics of how to use localbitcoins, as well as important tips for staying safe
while using the service.
How Does It Work?
To use LocalBitcoins exchange website you need to sign up for account. Signing up takes seconds, all that is needed is a password, username, and email. There are several ways to buy or sell bitcoins on LocalBitcoins. The easiest
way is contacting people who have already posted ad. You can click on the Sell or Buy tab at the top of the page,
depending on which one you want to do, and this will bring you to a page with numerous people looking to
exchange. You can tailor what you are looking for from there, but they start you off with offers from people in your local area. After finding a trade that interests you, click on the ad and tell them how much you want to sell or buy. If you are selling bitcoin, you will need to fill in your LocalBitcoins wallet with the amount you wish to sell, buyers
don’t need to load any bitcoins, before you are able to contact the buyer.
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