This article was first published on: CoinSutra – Bitcoin Community --
I understand how difficult it can be for some of you to buy Bitcoins if you don’t live in developed nations. There is a frequent suspension of services by prominent exchanges of the world when the demand surges for Bitcoin.
That’s why it makes sense talking about an alternative service through which one can buy Bitcoins peer-to-peer anytime.
The name of this service is LocalBitcoins (aka LBC).
What Is LocalBitcoins
LocalBitcoin is a peer-to-peer Bitcoin exchange that keeps bitcoins in its escrow. It has been operating from Finland since 2010.
It has on-ground buyers and sellers in more than 15,000 cities across 248 countries that’s why chances are, you will find a buyer/seller in your country via LocalBitcoins even if you live in a third world country.
The best thing about LocalBitcoins is that you deal with the buyers/sellers directly and decide to trade only if you are satisfied with the terms of the trade. Once you engage in a trade you can receive your fiat money in the agreed way through a bank deposit, PayPal, Payoneer, or in cash. And when it comes to receiving your bitcoins LocalBitcoins act as an escrow in between so that you don’t get cheated.
Starting Off With LocalBitcoins
Signing up and logging in to LocalBitcoins is very easy. You just need to register yourself using your e-mail ID and get started.
After you register and log in to LocalBitcoins, it is always a good practice to complete your profile (except if you wish to be anonymous). Completion of the profile is needed by some traders as a condition, so if you don’t do this you will not be able to trade with traders who require a basic KYC.
Searching Traders On LocalBitcoins
You can filter out ‘Buy’ and ‘Sell’ trades and traders by selecting ...