Sep 7, 2021
LocalBitcoins is a famous P2P Bitcoin Market Place that allows users to buy and sell bitcoins faster and easier. It offers secure, fast, and convenient ways to buy crypto directly from other users. Compared to other exchange platforms, LocalBitcoins is preferred by the majority of the crypto-traders because of the instant buy/sell bitcoins.
Is LocalBitcoins Safe?
Yes, Localbitcoins is a completely safe & secure exchange platform to buy and sell bitcoins with the help of escrow services. This exchange has a lot of security features that can help users to make safe trades.
Security Features of Localbitcoins Exchange
Localbitcoins offers a tremendous amount of security features for the users while trading on the platform. Here are some of the features of Localbitcoins exchange,
Reputation system - Each trader on the exchange has a reputation rank. This shows the past trading activities of the trader with other parties in the transaction.
Escrow services - For each trading, the Localbitcoins will hold bitcoins in an Escrow account. Bitcoins are released only if the seller confirms the trade.
Two-factor authentication - If you are login into a different browser, it will require email verification to log in. It prevents people from hacking into your account.
Dispute Resolution - LocalBitcoins exchange helps to solve disputes between the buyers and sellers on transactions.
Pin verification - Whenever you log into your account you will be required to enter an additional PIN code sent to your mobile.
Privacy - LocalBitcoins exchange does not share your information with others. It allows you to buy and sell Bitcoins in the exchange while maintaining your privacy.
Benefits of Localbitcoins Exchange
These benefits can help the traders & make Bitcoin trading simple and it eliminates the third parties from the transactions.
Registering, buying, and selling bitcoins on the Localbitcoins platform is completely free. Users who all create advertisements on the exchange are charged a 1% fee for every completed trade. Transferring the funds from one wallet to another wallet is also free of charge. The withdrawal to wallets outside the LocalBitcoins wallet would cost you a fee as a Bitcoin transaction fee.
How to Sell Bitcoins on LocalBitcoins Exchange?
Here are the simple steps to sell the bitcoins on the Localbitcoins platform,
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