Review on LocalBitcoins by Rotimi Isaac Adeyele
One of the safest platform to trade Bitcoin
l Localbitcoin is one of the safest platform to trade Bitcoin and the platform is a peer to peer based transaction.
People from all over the world can trade their local cash for bitcoins at LocalBitcoins. Users can create adverts for buying and selling bitcoins from and to other LocalBitcoins users, and they can choose the payment method and conversion rate.
A trade conversation is created and escrow protection is automatically engaged when you respond to these adverts. Escrow safeguards both the buyer and the seller by holding the bitcoins until the payment is completed and the seller distributes the bitcoins to the buyer. LocalBitcoins also offers a web wallet for sending and receiving Bitcoin transactions.
Updated 3 years ago
Rating changed from 3 to 4
Localbitcoin is one of the most secure stage to exchange Bitcoin and the stage is a shared based exchange.
Individuals from everywhere the world can exchange their nd cash for bitcoins at LocalBitcoins. Clients can make adverts for purchasing and selling bitcoins from and to other LocalBitcoins clients, and they can pick the installment technique and change rate.
An exchange discussion is made and escrow assurance is naturally drawn in when you react to these adverts. Escrow shields both the purchaser and the vender by holding the bitcoins until the installment is finished and the dealer appropriates the bitcoins to the purchaser. LocalBitcoins additionally offers a web wallet for sending and getting Bitcoin exchanges.
Pros
- One of the safest and secured place to buy and sell Bitcoin
Cons
- Network connection failure can make things goes wrong
