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Cryptocurrencies are growing in price again. More recently, bitcoin, the first and most popular means of digital payments, has again exceeded the mark of 19 thousand dollars per unit. Investors who purchased cryptocurrency at the end of 2017, shortly before the crisis, are starting active exchange activity again. The SMS activation service “Sms-man” could not ignore this event and decided to write an article a platform for buy and sell bitcoin – LocalBitcoins.
In order to sell bitcoins stored for a long time or buy a little in the hope of further growth in value, it is not necessary to open an exchange account on any trading platform. You can use the LocalBitcoins service.
What is the LocalBitcoins platform?
LocalBitcoins is a platform for the P2P sale of cryptocurrency. That is, it is not connected with exchanges at all, there are no speculative trades on it, and even the purchase and sale price itself is set directly by the owners of digital assets.
Trading on LocalBitcoins is conducted as follows – one of the participants in the transaction (the buyer) puts up an ad in which he says that he is ready to purchase such and such an amount of cryptocurrency at the specified price. If the bitcoin seller agrees to the terms, he sells his digital assets.
Another trading mechanism is hidden in the very name of LocalBitcoins. When selling or buying a significant amount, you can find a “counterparty” from your city. And meet in person, in some neutral place, to make a deal.
LocalBitcoins as an ad platform does not fall under the actions of regulators. So if you want to quickly sell bitcoins or other cryptocurrency – you should pay attention to this platform.
Security measures when registering on LocalBitcoins
As in the rest of the Internet, when registering for LocalBitcoins, it is better not to use real data. This is necessary to protect you from hackers and scammers. Registration is carried out by e-mail and phone number. And if you can create an e-mail on Gmail or another email client in a couple of minutes, then it is more difficult with a “mobile” one.
On our website, you can get a virtual phone number to register on LocalBitcoins or some other site. You will receive a confirmation text message to it. And your real phone number will remain safe and secure.
How to buy Bitcoin on LocalBitcoins?
There is a “Quick purchase”button on the main page of the site. After that, the site will select the most relevant offers.
Or you can scroll through the page a little lower – and you will see the accounts of sellers with an indication of the rate at which they sell bitcoins. Find the desired ad, open it, fill in the amount you want to buy, and send a request for a deal. It will be sent to the seller. If the bitcoin owner agrees, you will be able to meet with him in person or communicate via chat, completing the purchase and sale process (exchanging wallets and card number).
How to sell Bitcoins on LocalBitcoins?
There are two ways to sell bitcoins on LocalBitcoins. The first is to find a buyer through ready-made ads. To do this, select the “Quick Sale” menu on the main page or scroll down to the list of offers from buyers.
The second option is to place the ad yourself. However, this will require additional verification. If you want to make a one-time sale – then you can do with ready-made ads.
The sale is conducted in the same way as the purchase.
Here we tell you how buying and selling bitcoin with platform LocalBitcoins. Buy and sell bitcoin with LocalBitcoins.