two-factor-authentication (paper based and mobile based) for successfully finished trades 1%, which is paid by the seller e-mail to sign up (phone number and ID verification are optional) payment method is chosen between buyer and seller trustworthy company (one of the first)leading cryptocurrency exchangefully functional and easy to usesign up in less than one minute because payment method depends on the seller, credit cards are not typically accepted United States, United Kingdom, EU, India, Australia English, Russian, Spanish, French, Italian, Japanese, Portuguese, Chinese LocalBitcoins.com is a platform specializing in the exchange of Bitcoins, as you can guess from its name. It is located in Finland, launched in 2012 and it has been the dream and ambition of its CEO, Jeremias Kangas. Even before Bitcoins overwhelmed the global market of currencies, Kangas had foreseen such a change and had acted accordingly. In our LocalBitcoins.com review, we shall inspect all aspects of this platform and reach our conclusions. So, join us! LocalBitcoins.com is available in various languages, which is definitely a great thing. To be more specific, the site is offered in English (which is the number one language in the world, widely spoken and serving the vast majority of people), Russian and Spanish, French and Italian, Japanese, Portuguese and Chinese. So, you should not worry about being able to fully comprehend the different services provided by the platform. You are most likely to get everything described in a language you feel comfortable with (if not your native tongue). As for the countries served, LocalBitcoins.com can help trade bitcoins in 12842 cities and 249 countries. There are multiple payment methods for buying and selling Bitcoins. However, these methods vary, acc Continue reading >>
Here Is My Experience With Localbitcoins : Bitcoin
Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>
Localbitcoins.com And Paxful Reviews On Bittrust Disappoint. Any Alternatives?
LocalBitcoins.com and Paxful reviews on BitTrust disappoint. Any alternatives? Let's consider both LocalBitcoins.com and Paxful as marketplaces where you can trade bitcoin for a myriad of other payment methods. Let's consider both platforms from the buyers' and sellers' perspectives as well. Both their ratings on BitTrust disappoint, both are rated approximately at ~2.4/5: Is it BitTrust, the trading platform themselves, or the people who rate the services? The funny thing is, when I checked them also on BitTrust a few months back, the ratings were like ~3/5 for LocalBitcoins.com and ~4/5 for Paxful. Now they are equal, equally worse. I understand that certain amount is risk or fraud is inherent to these platforms, caution is required, or we may call them a minefield as well, depending on your perspective. I just remember reading posts back in the days how Paxful is trying to get this marketplace thing right, how it tries to be better than LocalBitcoins.com. They even wrote this sketchy(?) piece on Medium: But is there any truth to it? It's on Medium, so. All in all which is the best social trading platform like these? Some recommend Mycelium Local Trader, but that's certainly a different, much more constrained environment. Quote from: CryptoTrout on September 18, 2016, 02:40:55 PM They are both peer to peer marketplaces so there will always be some scammers. Also consider that none of the people who have a good experience on these websites have a reason to look for bitcoin exchange review websites, it is the few that have a bad experience who go out of their way to leave reviews on other websites. I'm sorry to say but the argument that only people who have grievances rate a product is pretty weak. I mean, look at all those reviews on Amazon or TripAdvisor... or even s Continue reading >>
Local Bitcoins Review Is It Legit ?
Since youre buying and selling to individuals you wont be able to use a credit card. However, the Paypal option allows you to pay with your credit card if you dont have a Paypal balance. Depending on the payment method you choose need to pay different fees. For example buying with Paypal on LocalBitcoins has much more risk for the seller. Because Bitcoin isnt like any other physical or digital goods you buy online. Its a form of money, and even more a form of somewhat untraceable money. Thats why many credit card companies (i.e. Paypal) dont insure Bitcoin exchanges that sell Bitcoins via credit card purchases. You will usually get the best price for buying Bitcoins using a hard to reverse payment method such as cash deposits or wire transfers. If youre only looking to buy Bitcoins then LocalBitcoins will be free to use. The site only takes a commission of 1% from the sellers. Keep in mind that once you receive the Bitcoins into your account you will need to pay standard Bitcoin network fees to get the money into your personal Bitcoins wallet. Its highly recommended not to leave your Bitcoins lying around in LocalBitcoins wallet and to move it to your own secure Bitcoin wallet. The sellers themselves dont have a transaction fee, instead they charge higher exchange rates, so take that into account when making a trade. LocalBitcoins allows for secure trading through the use of several measures: Reputation system Each trader has a reputation rank and also public history records showing their past activities. Escrow When you request a trade the money you send is held on LocalBitcoins escrow service. Only after the seller confirms the trade is completed are they released. 2FA Two factor authentication means that whenever you log into your account you will require to enter a Continue reading >>
2017 Localbitcoins Review - Use This Legit P2p Bitcoin Exchange?
LocalBitcoins is a Peer-to-Peer (P2P) Bitcoin exchange platform. It provides services to the buyers and sellers of cryptocurrencies like Bitcoin, Ethereum, and all other Altcoins. The sellers and buyers decide and agree on the transaction terms, and LocalBitcoins facilitates the transaction along with the escrow service for protection of the trading parties. LocalBitcoins was founded by Jeremiah Kangas in 2012 . It is one of the oldest Bitcoin exchanges. LocalBitcoins was one of the first Peer-to-Peer (P2P) Bitcoin exchanges. It is now the largest one. It is currently headed by Nikolaus Kangas, who is the CEO. LocalBitcoins has its headquarters in Helsinki, Finland. It has its operations in about 248 countries and about 14000 cities. LocalBitcoins provides a platform for meeting of the sellers and buyers of Bitcoins from all over the world for transaction or trading of cryptocurrencies amongst themselves. It enables them to make online or face-to-face Bitcoin transactions. This is done by matching people who live in nearby places. LocalBitcoins provides an escrow service to bring safety and security features to the various cryptocurrency transactions and to effect fair dealing for all the participants or buyers and sellers in the cryptocurrency transaction. The buyers and sellers from different countries can convert and exchange their local currency into Bitcoins on LocalBitcoins.com. LocalBitcoins allows users or buyers and sellers to post their advertisements mentioning their various requirements, locations, payment methods, and exchange rate for buying or selling of Bitcoins or any other type of cryptocurrency or Altcoins. You can identify and reply to the relevant advertisements and contact the advertisers. You can trades through online banking or agree to meet in- Continue reading >>
Localbitcoins.com Review Scam Or Not?
LocalBitcoins is the largest peer-to-peer service which helps to match Bitcoin buyers and sellers who live close to each other, enabling face-to-face and online transactions. The platform also provides an escrow service which is used to ensure fairness of every transaction made by the users. The company is one of the oldest exchanges in the industry, founded in 2012 by Jeremiah Kangas , a programmer, and entrepreneur. Currently, it operates in 248 countries and 13774 cities, with a base in Helsinki, Finland. LocalBitcoins respects the anonymous nature of Bitcoin, so it doesnt have a mandatory I.D. verification, and it doesnt require any personal details. Email address is the only thing needed for signup. While the exchange doesnt require any personal information, some sellers or buyers may request identification in order to proceed with the trade. When it comes to fiat currencies, users are free to trade in any currency, which means that if theres someone willing to accept your local fiat currency, you can buy Bitcoins for it. The exchange allows only trading with fiat currency for Bitcoin. No altcoins are supported. LocalBitcoins leaves everything to the users and tends to keep things simple. Its the same with the fees. Simple 1 percent fee is applied to all trades. The seller pays the fee. Of course, standard Bitcoin network fees apply for all transactions. The sellers are free to form their own BTC price, so usually they cover a transaction fee by asking for higher exchange rates. The exchange doesnt have a typical brokerage business model, instead its a peer-to-peer network which connects the sellers with buyers in the local area. The traders post advertisements on the platform, stating exchange rates and accepted payment methods for selling or buying Bitcoins. Oth Continue reading >>
Localbitcoins.com - 55 Reviews - Bitcoin Exchange - Bittrust.org
USELESS SUPPORT DONT READ MESSAGES After using you for over half a decade , and then giving an account I used to be allowed to use works bitcoins , I had google authenticator and 2fa was tied to work access only . Did a trade , contract was cancelled , buyer told his bank not to pay out , next day bank paid , my boss wasnt happy , sent the funds back in two amounts via btc . Even though it was banks mistake they frozen another account I made upFor personal use same name 2 after it . I no longer work there and cannot log on to that account , I told themThis loads plus no active contract between us , it was cancelled , as they can see , was banks fault , however we sent them the btc in two amounts to bitcoin address buyer gave , I left working for them , and carried on using my other account , I have perfect feedback on both accounts , but that counts for shit , what they do is illegalIt does not belong to them and support is useless do not even read the messages sent .so transferred coins from my startup business they accepted the transfer then just froze account not allowing me to access or take it out , why ON EARTH DO WE HAVE FEEDBACK IF IT MEANS JACK ALL , perfect feedback all the time . NO ONE TO COMPLAIN TO , they basically do whatever they want with your coins no matter how great feedback you have , SUPPORT ? They do not even read the message . Fuming so mad , after all these years , no contract was active it was cancelled , it was banks fault and buyer told bank not to pay , but we have coins back , to wallet address they sent out good karma , now to freeze a complete separate account I use for different business is ILLEGAL Now my start up tech company grinder to a halt , the electric and gas gonna be turned off at 1000 tomorrow all as a consequence of them doin Continue reading >>
The Secret To Buying Bitcoin With Cash
Lets face it getting ahold of your first bitcoin isnt easy. It may seem like buying a digital currency should be as simple as entering a payment amount and a credit card number into a website form. But if youre like thousands of beginners, youve discovered the surprising, disappointing truth: it doesnt work that way. Worse, buying bitcoin seems to either involve the digital equivalent of root canal or a shady cash deal with a total stranger. Fortunately, US residents can take advantage of another option. It does away with the need for credit cards, bank accounts, picture IDs, and biometric scans. It can work with as little as $5 cash. Best of all, this option eliminates the need for awkward meetups with total strangers. Localbitcoins helps match bitcoin buyers with sellers. Since 2012, this international service has earned the reputation as a top marketplace for in-person bitcoin trades. Localbitcoins counts over 110,000 active traders exchanging 1,400-3,000 bitcoins in daily volume . In-person meetings are only needed during the actual transfer of cash. Localbitcoins handles the rest of the transaction online. Fortunately, Localbitcoins supports a variety of payment methods. The one Ill show you here is called Cash Deposit. Cash Deposit offers a legal, effective, and reliable way to get your payment to a Localbitcoins seller without an in-person meeting. You may have previously deposited cash into your own bank account by filling in a deposit slip and handing both cash and the slip to a teller at a local branch. It turns out that anyone who knows your bank account number can give you money by doing the same thing. Banks generally dont care whether you own the account. Cash can be deposited in any branch nationwide - not just the one the account owner normally uses. Lo Continue reading >>
How To Buy Bitcoin In India
Koinex has a reputation for availability of coins Over the last 12 months, the price of Bitcoin has been a roller coaster and in India, we've gone from blank stares when talking about cryptocurrencies to interest and demand that's hard to keep up with. There are a number of different Bitcoin exchanges through which you can buy the coins, but international transactions involve a certain amount of uncertainty and delays with regular money transfers themselves. So if you're in India and are looking to buy Bitcoin, you may want to use a local exchange. Buying Bitcoin isn't for the faint of heart though. Economists and others have been expressing doubts for long now about the feasibility of Bitcoin as an investment. There have also been questions raised about the suitability of Bitcoin for the needs of the financial industry. In India, the Income Tax department has been cracking down on cryptocurrency traders , covering Bitcoin, Litecoin, Ethereum, Ripple, and more . There's also the fact that the Indian government has said that Bitcoin can't be used as a part of the payments system. Speaking to the nation, Finance Minister Arun Jaitley reiterated that cryptocurrencies are not legal tenders, saying that their use "as part of the payment system" will be eliminated. However, the minister didn't explicitly mention anything about trading in cryptocurrencies like Bitcoin. Still, if you've done your research and want buy Bitcoins, there are a number of options in India. We started looking at such exchanges one year ago, and many of the exchanges we found at the time to be good options still remain active and have good reports from users. However, we have seen customer feedback on some of them turn sour, and there have been a few new entrants as well, which have received a posit Continue reading >>
Is Localbitcoins.com Legal In India To Sell Bitcoins As Side Income?
Answered Nov 24, 2016 Author has 315 answers and 239k answer views Buying and selling of bitcoins cannot be termed as legal or illegal. And thats due to the fact that no government or a central source governs this digital currency. It is a free to use decentralized currency and can only be used digitally to buy or seek products or services. The website you mentioned looks legitimate to sell bitcoins. Also to cut down the risk factor to half, you better invest in small quantities like 1 or 2 BTC. What i mean to say is that you need to buy bitcoins in small quantities rather than 3040 BTC. I met a person on this platform who bought around 4050 BTC just based on my recommendation to buy bitcoins. I said to her that any digital business is risky these days as data security concerns are high. She said that she was interested in making quick bucks and so wanted to sell those coins early next year or by this year end. So, Bitcoins can act a good income source. And if you buy and save those BTCs on some wallets, they are also offering small interest rate. Thats similar to what the local banks are offering. And also if you stay in UK, you can get exclusive discounts for buying certain goods through Bitcoins. Buying/Selling coins with strangers can be risky. its always difficult to find trusted buyer and seller. As someone mention, there are many instances happened where deal is done on localbitcoins but no payment given and then one has to generate dispute and so on. Lot of scammers and lairs are there. I recommend checkout coincus.com , It is mobile wallet and basic information platform which lets you know whenever your friend wants to buy or sell coins. so you can always buy/sell with your trusted friends or can help your friends to buy/sell their coins. Also you can earn pas Continue reading >>
Best Indian Bitcoin Websites To Buy Bitcoins [mega List 2018]
Bitcoin in India is gaining momentum & unlike the old days, its now legal to buy & sell Bitcoin in India. However, there are only a handful quality sites where you can buy & sell Bitcoin. Here Im listing down those Indian Bitcoin exchange websites that you can use to buy and sell Bitcoin. I have listed these websites based on their popularity & easy of use. One thing that I have noticed with almost all of the Indian Bitcoin exchange websites is their pricing differs in real time. So I would suggest that you dont put all of your eggs in one basket. Instead, purchase Bitcoin from different places. Here is the updated list of most popular Indian Bitcoin exchanges from where people from India can buy/sell Bitcoins: With this, lets get started & look at all of the popular Indian Bitcoin exchange websites. Popular Indian Bitcoin Exchange Websites to Buy & Sell Bitcoins: In the Q4 of 2017 few new exchanges are launched and Im adding few of them which looks promising and have good security measures. Do read the conclusion at the end to pick the best platform for your need. Coinome is the newest exchange in this list and probably one of the best. They are backed up by the team behind Bill desk which is one of the oldest and popular payment collection gateway. When I tested Coinome, the thing that I liked the most was E-KYC. Unlike other Indian bitcoin websites, here your KYC is done instantly using the same method that Indian telecom industry is using. At the time of writing, Coinome supports Bitcoin and Litecoin. Even the world flawlessly on mobile. Here is a video tutorial: The interface is simple and easy to use for beginners and if you are looking to instantly buy Bitcoin in India, this is a perfect website for you. This is another popular website in India to purchase Bitco Continue reading >>
LocalBitcoins is a P2P Bitcoin exchange. Buyers and sellers agree on trade terms, and LocalBitcoins is used as escrow. This post contains affiliate links. Before reading more, an important disclosure . LocalBitcoins is a global Bitcoin exchange that gives a lot of options to its users. Before getting into the details, here are some good and bad things to know about LocalBitcoins: LocalBitcoins is one of the most private ways to purchase bitcoins In some countries it is the only way to buy bitcoins It allows you to buy bitcoins with many payment methods There are many scams and you need to use caution Fees can be slightly high when buying with cash, since many people are willing to pay extra for the privacy LocalBitcoins offers limits and liquidity: How Much Are You Buying? LocalBitcoins itself does not impose any limits on its users. Users are free to decide on their own prices and limits. No buying or selling limits imposed by LocalBitcoins Some sellers will require ID verification for larger amounts LocalBitcoins is available in nearly every country. Liquidity will depend on the amount of buyers and sellers in your area. LocalBitcoins is not available in Germany or the state of New York. LocalBitcoins left New York due to the BitLicense. What Makes LocalBitcoins Different than Other Exchanges? The difference between Local Bitcoins and most exchanges is that LocalBitcoins does not require personal information when making good trades. Unlike other exchanges, which require ID verification and personal information, Local Bitcoins allows you to buy bitcoin without connecting your name to the bitcoin youre buying. Although LocalBitcoins allows for ANY payment method, cash deposit is the most popular method. This table compares it so some other cash exchanges. Continue reading >>
Localbitcoins.com Review: Exchange Rates, Fees, Speed | Finder.com
If you want to make a bitcoin-based international money transfer, using LocalBitcoins.com is one of the best ways to do it. Bitcoin isnt usually the best medium to make an international money transfer. In fact, most of the time its actually slower and more expensive than other methods like forex services and even bank transfers. A different story emerges with LocalBitcoins.com, a peer-to-peer exchange. Because you trade bitcoins with other people, you can find attractive exchange rates as long as other traders are willing to offer them. And best of all: LocalBitcoins charges very few fees, if any. LocalBitcoins is such an effective option that you could theoretically complete an entire money transfer at no cost. Even if you dont get a deal that good, you could realistically walk away with a low-cost money transfer thats completed in as little as an hour. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed. Bitcoin exchange rates arent set by LocalBitcoins instead, theyre set by individual buyers and sellers on the platform. Because of this, exchange rates can vary. Continue reading >>
Indian Localbitcoins Scammer List
state bank of india ac number 10295078135 union bank of India ac number 502202010005314 Another scammers details. (Sold bitcoins to me, then didn't released coins for several days hoping to get them back somehow) Please click here to know why I have negative feedback. Tip address: 1nPfxnncZqWvVP4UHT6XLfNzfaik7akQS "Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Quote from: escrow.ms on May 07, 2014, 07:48:40 AM Fucking guy placed a order on my friends ad and then marked payment as completed then sent her a sms from fake sms service that my IMPS payment got credited, when she said she didn't got funds, asshole said he's calling branch manager, within 2 minute she got call from second mobile number and he said hes calling from Axis bank and her funds got credited lol Now funny thing is,she used my mobile number for communication. This asshole also asked me to send coins/money to him first some months ago. . lol I will keep updating this thread with more details soon. Ya... that's the same anu.sippy from Localbitcoins right? I did the mistake of buying from him in the some three months back. The sale went fine and I forgot about it. Later when I started trading and making money, I started selling on Localbitcoins, the fucker couldnt handle the competition and used that old transaction to give me a negative feedback and block me. Because of Local Bitcoins' method of weighing the feedback of people with volume more that others, my sales took a hit as to the newbie, I looked shady, no matter how many trades I did. The other people's feedbacks were on another link stupidly titled "unconfirmed feedbacks". He also went all Continue reading >>
9 Years: Localbitcoins Trader Sentenced In Latest Money Transmission Case
9 Years: LocalBitcoins Trader Sentenced in Latest Money Transmission Case A bitcoin trader on exchange platform LocalBitcoins and his father have been sentenced to prison terms after being convicted of running an unlicensed money transmission business. The Department of Justice announced late last week that Michael Lord and his father, Randall Lord, were sentenced to 106 months and 46 months, respectively. Both were charged with running an unlawful money business, while the younger Lord plead guilty to a narcotics distribution conspiracy charge. The two plead guilty last year. Court records show that Michael Lord operated a LocalBitcoins.com profile, with the moniker 'Internet151', dating back to 2012. The profile lists more than 3,000 confirmed trades since it was created. Prosecutors alleged that the Lords used a series of personal and business bank accounts as part of an effort to obscure their bitcoin exchanging. "Cybercrime is an emerging area of criminal activity, and we want the criminals who hide behind logon names and internet aliases to know that IRS Special Agents will follow the money in whatever form, whether it be digital or paper currency," Jerome McDuffie, an IRS official, said in a statement. The case is the latest to involve a LocalBitcoins trader in the US. In the past month, two other users of the site have plead guilty to similar charges. In April, an Arizona-based bitcoin trader was arrested and held following a police raid . Other LocalBitcoins traders have been the subject of federal investigation inrecent years. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, Continue reading >>