How to Buy Bitcoin with LocalBitcoins?
You can Buy Bitcoin with LocalBitcoins in two ways-
- By Service Provider
- By self-service
What is LocalBitcoins?
LocalBitcoins is an online marketplace where anyone can buy or sell Bitcoins easily. It was established in 2012 by Nikolaus Kangas.
Here buyer and seller can communicate peer to peer and trade Bitcoins. For buying and selling Bitcoins, firstly, you have to make an advertisement on the LocalBitcoins website, along with describing the payment method you want and exchange rates.
Then whoever will be interested in your deal can communicate with you directly.
Why Should You Use LocalBitcoins?
Bitcoin exchange is a rising business nowadays. As we already know, LocalBitcoins is a peer-to-peer platform. So people here can communicate directly and exchange their thoughts about trading Bitcoins.
There are more than 350 payment methods like online bank transfer or cash deposit etc., for its users to buy Bitcoins.
You can choose the process which is most suitable for you. And it takes no extra charges during the transaction.
Another reason for using LocalBitcoins is its easy and secure trading. It offers you to trade your Bitcoins without any difficulties and securely.
LocalBitcoins provides speedy transactions all over the world. You can use it wherever you are in the world.
How to open a new LocalBitcoins Account?
Step-1 Firstly, go to LocalBitcoins.com and click on the button ”Sign up free.”
Step-2 Then provide your info like name, email, password, and other required information.
Step-3 Now, you have to verify your email by clicking on the link sent to the email. After that, you will get a free wallet provided by LocalBitcoins. Using this, you can store your Bitcoin and buy or sell them.
If you want to see how many Bitcoins you have in your wallet, click on the “B” button on the home page. It will show you the Bitcoins you have.
How to buy Bitcoins with LocalBitcoins
- To buy Bitcoins from LocalBitcoins, you must have a LocalBitcoins account first. If you do not have it yet, then follow the steps I have shown.
- Then, go to the home page and look for the offers posted for selling Bitcoins. You can choose from them or manually filter the ads by entering the payment method you want, amount, and area.
- Next, choose the trader you want to buy. Make sure the trader is reputed and has a large amount of trade.
- Then to see more information about the ad, click on the ‘Buy’ button. Read all the given information about the trade. If you are ok with them, send a message to the seller.
- Now you have to make your payment. After that, click on the ‘I have paid’ button.
Finally, you will get your Bitcoins when the seller confirms the payment. You will receive Bitcoins automatically in your wallet.
Things To Know about LocalBitcoins
LocalBitcoins is one of the best marketplaces to trade Bitcoins. But still, there are few facts that you should remember while using LocalBitcoins and trading Bitcoins. Such as-
- Various payment methods cause different and higher exchange rates.
- Be aware of the scammers as it is open for everyone to make an ad.
Check More: Buy Paytm Accounts, Buy Google Adwords.
There is no doubt that LocalBitcoins is the leading platform for trading Bitcoins around the world. So if you are still confused, take your time and give it a thought. Buy Bitcoin with LocalBitcoins and enter the global business. To Buy Bitcoin with LocalBitcoins Feel Free to knock us.