LocalBitcoins is one of the most popular cryptocurrency exchange platforms that you can access from your smartphone, tablet, or computer. Through this platform, you can connect with buyers/ sellers easily. For example, if you want to sell bitcoin, you can place an ad with the units you want to sell, the value you want to obtain, and the appropriate payment method for you. Likewise, if you want to buy bitcoin from a user, you can search for a suitable ad through the platform.
The most thing that users can be anxious about is that the seller gets the sale value and does not give you the coins you requested! The LocalBitcoins platform solved this problem by blocking the amounts at stake, so the seller will not be able to escape after getting your money! And he will not get the money until you confirm that you get the coins that you requested from your side. This way, the platform completely prevents fraud and theft.
Moreover, you will be able to know the seller’s reputation by looking at his account and checking customer ratings, number of sales he made, and the average speed at which he completes the sales.
One of the biggest advantages of the LocalBitcoins platform is the ability to make purchases and in large amounts easily in more than 200 countries! Thus, if you want to use digital currencies in order to deposit in online casinos, sports betting sites, and trade these currencies to obtain huge profits in the long term! In short, the Localbitcoins platform will fully suit your needs.
What are the downsides of Localbitcoins?
The only negative thing about the LocalBitcoins platform is the old and complicated design of the interface. Therefore, you may not find it comfortable, especially when you use it on your smartphone. If you are still a beginner in using cryptocurrencies you may not find it handy, and unfortunately, there is no guide for using LocalBitcoins. Moreover, the platform does not offer an application for smartphones and tablets.
Tips for using Localbitcoins
The most important advice you should apply when using this platform is to buy cryptocurrencies from trusted and reputable sellers!
Although the LocalBitcoins interface may not be completely practical, especially for cryptos beginners, it gives you a great opportunity to purchase cryptocurrencies from various users easily and completely securely via your computer or smartphone.