Is LocalBitcoins,Beginner friendly?

Is your most used Bitcoin trading exchange down? So what do you do then? You think of buying bitcoins peer-to-peer with an alternative service. Now, there is always a doubt in peer-to-peer networking.

I suggest you one such service – LocalBitcoins.

What is localbitcoins?

Localbitcoins is a platform for buying and selling Bitcoins. LocalBitcoins crypto exchange service allows users to interact directly with the local traders and buy/sell Bitcoins. The company was initiated in 2010 by Jeremias Kangas along with his brother Nikolaus Kangas. Its headquarters are in Helsinki Finland. The service allows you to trade bitcoin regardless of your place of residence, regulations of your region, etc.

Still, thinking why to use LocalBitcoins?

  • The exchange service enables traders to find local buyers. Advertisements can be posted by people on this site. Also, they can mention the rate of exchange and mode of payment they would prefer. 

  • LocalBitcoins is available worldwide with seller listings from 248 countries. However, New York, Iran, and Germany traders cannot avail of LocalBitcoins services.

  • The exchange has more than 35 payment options including Paypal, Wire transfer, Cash deposits, etc.

Overall Reviews:

LocalBitcoins is an alternative guaranteed service for Bitcoin trading. The service can be used when your crypto trading exchange is delayed or you do not find a regulated exchange in your region. But make sure not to keep bitcoins in the exchange wallet. The exchange also has a history of scams, so it is always better to do extra background verifications before getting into a trade.

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Crypto enthusiastic, Author, Crypto Journalist, Blogger. Guiding beginners to fund in the successful finance industry.

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