LocalBitcoins Review

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LocalBitcoins

LocalBitcoinsWebsite: www.localbitcoins.com

Background: LocalBitcoins is a marketplace for trading Bitcoins directly with buyers and sellers local to your location.

All transactions take place between the buyer and seller direct so LocalBitcoins does not retain any monies on deposit. Only Bitcoins can be held in your account.

Funding Options: Load your account using existing Bitcoins. Or purchase bitcoins and they are stored in your LocalBitcoins.com wallet.

Service: Upon registration you get a free and secure online bitcoin wallet.

To buy, choose a trader from the Offers page and agree either a cash or online payment direct with the seller.

To sell, you create an advert on the site for potential buyers to see.

Fees: Wallet fees apply. Transfer fee is usually 0.0001-0.0004 BTC per outgoing transfer.

No fee for buying Bitcoins. 1% fee seller advertiser fee.

Privacy / KYC policy: See their Terms of Service

Support: 24/7 support via ticket from the website which the aim to resolve in 24 hours.

Our Review: To follow

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LocalBitcoins User Reviews

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