LocalBitcoin Exchange Review
LocalBitcoin is a p2p bitcoin trading marketplace where they act as escrow for traders.
- Due to nature of privacy on p2p , traders have to be wary of possible scams
- Fees will be varies and mostly costly due to pricing of each traders are different
Transaction method depends on the buyer/seller wish to use. The method could varies from bank transfer , digital payment such as paypal to cryptocurrency exchange. Users who wish to know more could visit their guide on more info regarding the variety of payment methods.
Currently LocalBitcoin covers up to 248 countries including Malaysia.
LocalBitCoin does not require full detailed information to register as compared with other exchanges , where only email is suffice. However , traders might still request for identification from each other as confirmation whether the trader are legit.
Limit and liquidity
There are no trading limit as all transaction are solely dependant on the traders. Thus prices and trading limits are determined by traders themselves.
Time required per transaction will solely depends on the payment method used. It varies entirely on traders sending their deposit and confirming payments via methods they used.
LocalBitcoin is indeed a legit exchange provider with a large number of successful transactions. However given the fact its a P2P exchange , traders should still hold precautions on each trade they made as each users are highly anonymous.