LOCALBITCOINS website is a person-to-person bitcoin trading site.
At this website, people from different countries can exchange their local currency to bitcoins. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking. Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly
On LocalBitcoins.com you are dealing with humans. Unlike centralized, stock-exchange-like, bitcoin trading sites, you make a trade directly with another person. This makes the process lean and fast, as there is no corporate overhead. You get your bitcoins instantly. Also, LocalBitcoins.com can support every payment method its user community supports. For every transaction, LocalBitcoins.com offers escrow or transaction service to protect the buyer of bitcoins
LocalBitcoins is private and does not require I.D. verification or any personal information besides and email address to signup. While LocalBitcoins itself does not require personal details, some buyers or sellers may request identification before making a trade.
LIMITS & LIQUIDITY
There are no limits, but it may be hard to buy large amounts of bitcoin.
The speed at which your bitcoins are available will depend on payment method.
LocalBitcoins was one of the first P2P Bitcoin exchanges, and the largest one today.
LocalBitcoins charges a flat 1% fee on all trades.
PAYMENT METHODS ACCEPTED
LocalBitcoins users are free to accept any payment methods. The payment methods available to buyers will depend on what’s available in your area.
United States, United Kingdom, Canada, Singapore, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland
Vanha Talvitie 11 C, 5th floor