LocalBitcoins was founded in 2012 in Finland. The website allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking. Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly.
How LocalBitcoins.com Stands Out from Others?
LocalBitcoins.com is de-centralized, embracing the nature of Bitcoin.
On LocalBitcoins you are dealing with humans. Unlike centralized, stock-exchange-like, bitcoin trading sites, you make a trade directly with another person. This makes the process lean and fast, as there is no corporate overhead. You get your bitcoins instantly. Also, LocalBitcoins.com can support every payment method its user community supports. For every transaction, LocalBitcoins.com offers escrow or transaction service to protect the buyer of bitcoins.
- Trade process duration from the creation of the user account to having bitcoins in your wallet is a few minutes.
- LocalBitcoins.com payment method supports wide range of world payment methods.
- Read more about the security features in the LocalBitcoins.com site security guide.
Connecting everybody to Internet economy.
In LocalBitcoins.com, the focus is on the users and the community. LocalBitcoins want to bring bitcoin exchange and economy to every city in the world. LocalBitcoins believe bitcoin to be a black swan event, something that fundamentally changes how financial world works. This will be an enabler for more prosperity, especially in developing countries.
- Bitcoin enables online transaction in locations out of the reach of the traditional banking industry.
- Saving your prosperity in bitcoins is safe from political risks.
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