Website address: www.localbitcoins.com
Twitter: twitter.com/LocalBitcoins
Facebook: www.facebook.com/LocalBitcoinsCom
Instagram: LocalBitcoins.Com

 

 

Summary

At LocalBitcoins.com, people from various countries can exchange their local currency to bitcoins. The site permits users to post advertisements that outline exchange rates and payment methods for transacting bitcoins. If a user replies to the advertisement then they have the option of either meeting the seller and physically transacting the bitcoins or doing it online. The bitcoins are placed in the localbitcoins.com web wallet where one can pay to purchase.

 

Payment methods

LocalBitcoins users are free to transact using any payment method. The payment methods available to buyers will depend on what’s available in your location.

 

Supported Countries

Most worldwide countries excluding some e.g. Germany or New York State.

 

Privacy/Security

LocalBitcoins recognizes the importance of security researchers in helping keep our community safe. They encourage responsible disclosure of security vulnerabilities via our bug bounty program LocalBitcoins is private and does not require I.D. verification or any personal information besides an email address to sign-up. While LocalBitcoins itself does not require personal details, some buyers or sellers may request identification before making a trade.

 

Limits & Liquidity

LocalBitcoins does not impose any limits on its users. Users are allowed to set their own prices and limits.

 

Reputation

LocalBitcoins is among the pioneers of peer-to-peer exchanges and remains one of the largest. It is also very reputable for the privacy it offers to its users.

 

Speed

The speed at which your bitcoins are available will depend on payment method. Usually within few hours but could be less.

 

Fees

Registering and transactions of Bitcoin is free (without an ad).
LocalBitcoins clients who make advertisements are charged a 1% fee for every completed trade.

 

Customer Support

LocalBitcoins offers support via email.