How to buy bitcoins on Localbitcoins
Localbitcoins is one of the fastest growing and safest bitcoin marketplaces where users (traders) can buy bitcoins directly from the sellers (advertisers). The number of global btc traders exchanging bitcoins on Localbitcoins continues to increase with each passing second, literally. Currently, localbitcoins is available in 248 countries and in over 16, 000 cities.
However, in an industry now known to be plagued by rampant cases of fraud, how are people on localbitcoins getting bitcoins with so much ease?
The following piece delves deep into how to buy bitcoins on the localbitcoins P2P (peer-to-peer) platform by answering common questions such as: how to buy bitcoins with localbitcoins, what is the easiest way to buy bitcoins on localbitcoins, and provide a step by step how to buy localbitcoins guide for beginners. It also includes a few tips on how to get low price bitcoin on localbitcoins and discuss how to do a cash deposit through localbitcoins among other payment methods.
Both seasoned and beginners will find all the answers regarding how to buy bitcoins from localbitcoins on this review.
But, first things first…
How to buy bitcoin from localbitcoins?
Buying bitcoins from locabitcoins is relatively easy compared to other bitcoin platforms. Learning how to buy btc from localbitcoins is also very simple because navigating the interface is straightforward, even for new bitcoin buyers. Here is how to buy localbitcoins first time buyer:
* The first step is signing up for a free account (for new users). Existing users can skip to step 2.
* The second step is logging in and finding local sellers (advertisers) with the best btc prices, and suitable payment method(s).
* Step three is initiating trade with your preferred seller and transferring money to the seller’s account according to the seller’s terms of trade. Other verification methods may be required depending on seller.
* The fourth and last step is receiving bitcoins to your localbitcoins wallet.
How to buy through localbitcoins using custom advertisements
For those with a clear idea of what buying price they want and they have time to wait, creating a trade advertisement to announce your intention to buy bitcoins at your specified price is also an option. You can do this by simply clicking on the Post a trade button.
How to create your buyer advertisement
Clicking on Post a trade takes you to the advertisement posting page where you are provided with five sections to specify your trade requirements.
1. The first section describes all the trade agreements and requirements. Follow each step correctly and fulfill all the verification processes to facilitate smooth trades.
2. Choose the trade type: Buying or selling.
3. Enter your location (street address, city, or postal code, for local trades; country for online trades).
4. Select the payment method and the currency you wish to use for the trade.
5. Set your margin. A negative margin means you are willing to buy bitcoins over the prevailing market price and it will attract more sellers. A positive margin does the opposite; it shows your willingness (or intention) to pay below the market price which attracts less attention from sellers. Leave it as 0 – Zero – if you are not interested in margins.
6. Determine the minimum and maximum amounts per transaction (optional).
7. Set your opening and closing hours which basically means the time you are expected to be available online, and detail your Terms of trade (optional for buyers).
8. Specify how long (in minutes) it will take you to complete payment when trades are initiated.
9. Select the security options to include trusted people only (marked as trusted), identified people only (ID verified), or people with verified phone numbers (SMS verification required).
10. Publish your buying advertisement and wait for sellers to contact you.
What is the easiest way to buy bitcoins on localbitcoins?
The easiest and most recommended way to buy bitcoins on localbitcoins is to find local traders dealing in easy local payment methods and currencies. Payment methods and currencies vary from country to country (or from city to city).
For instance, if you’re looking for how to buy btc from localbitcoins inr, go to the search filter and change the location to India – the currency switches automatically. All traders in India and all their preferred payment methods (e.g. IMPS Bank Transfer India), as well as their prices per 1 BTC and the amount limits, are clearly listed in Indian Rupee for you to select the deal that suits you best. Each row represents one advertiser.
Here is why you should buy from local advertisers.
a. All local buyers are listed in order from the lowest to the highest exchange rates, and their limits are tailored to specific economies or regional trends.
b. You can meet the sellers in person to build more trust. However, this should also be done cautiously and in public places. Please note that Localbitcoins removed in-person cash payments in order to comply to European anti-money laundering laws.
c. Using local currencies and local methods of payment allow for easier and relatively faster negotiations, and secure transactions that are familiar to both parties.
d. In the rare occasion where you come across unscrupulous traders, you can track down the seller physically using local law enforcement and prosecute them in a court of law to recover your money or get compensated for any other accruing damages. Going after fraudulent international sellers and recovering your money can be a bit tricky.
How to purchase bitcoins through a cash deposit through localbitcoins
If you’re looking for how to buy bitcoins with direct deposit localbitcoins, or how to buy on localbitcoins cash deposit, then follow the steps outlined below:
1. Log in and go to the homepage or buy bitcoins page and search for sellers with cash deposit as their preferred (or one of the preferred) payment method(s).
2. Select advertiser and enter the amount of bitcoins you want to buy. It will show you how much you should pay in your local currency.
3. Receive sellers account number and make deposit.
4. Confirm deposit and upload deposit slip as proof of completed cash deposit.
5. Receive purchased bitcoins into Localbitcoins wallet.
The above simple steps should guide any buyer on how to purchase bitcois through a cash deposit through localbitcoins.
How to buy through localbitcoins moneygram
If you’re a new user looking for how to buy at localbitcoins using remittance services, then buying through Moneygram is also another easy way to buy bitcoins on localbitcoins.
There’s no correct answer to how fast to get bitcoins on localbitcoins.
First, there is the issue of buy/seller location (city or country). Buyers from countries with streamlined fast payment methods will definitely receive their bitcoins a lot quicker compared to buyers from countries with complicated payment methods.
The buyer/seller location also influences the speed at which a buyer receives their bitcoins in cases where the two parties may be in different countries or cities. Such transactions may cause delays in the transfer of bitcoins to the buyers’ account/wallet depending on the terms applied in the agreement.
Secondly, the type of transaction; whether online or in person. While localbitcoins allows you to carry out online transactions through a number of wallets and wire transfers to hundreds of banks, there’s also an option to meet the trader(s) in person for a face-to-face negotiation.
Third, the method of payment also matters. Different countries have different local payment methods that are convenient for local buyers (and sellers). Online payments through Paypal, Neteller, Perfect Money, Google Pay, WebMoney, Advcash, or Skrill (and other similar wallets) are almost instantaneous – if the seller is readily available online to confirm the purchase (or basically the receipt of your money) in real-time. Receiving your bitcoin when using such online payment methods can take 5-30 minutes in some instances, especially when buying from localbicoins through Paypal.
Other methods of payments such as cash deposits may require you to upload proof which may take you time to prepare. For instance, some sellers ask you to upload a photo of the actual deposit slip from any specified bank with a few ink markings or torn corners to show proof of identity. Receiving your bitcoins in such cases where further verification of payment or identity are required can be delayed until the seller is done with the verification. It can take a few hours to receive your bitcoins when using other methods of payment.
Fourth, the seller’s reputation and response time. The advertisers’ (or sellers’) reputation is indicated by the number of successful transactions and feedback displayed next to their usernames. Sellers who are keen on maintaining clean reputations always respond in good time and never default on any agreement.
The process can take anywhere from a few minutes to a couple of hours depending on the responsiveness of the parties involved, and the chosen method of payment. Therefore, the question of how long it takes to receive your bitcoins is one that varies from transaction to transaction. On the upside, the escrow system on localbitcoins guarantees that you always receive your purchased bitcoins, regardless of how long it takes to receive your bitcoins.
How to purchase bitcoins from localbitcoins and not get scammed
If you’re wondering, how do i buy bitcoins from localbitcoins without getting scammed?, then the following tips should help you conduct your trades smoothly while avoiding scammers.
plagued by rampant cases of fraud, how are people on localbitcoins getting bitcoins with so much ease?
The following piece delves deep into how to buy bitcoins on the localbitcoins P2P (peer-to-peer) platform by answering common questions such as: how to buy bitcoins with localbitcoins, what is the easiest way to buy bitcoins on localbitcoins, and provide a step by step how to buy localbitcoins guide for beginners.
It also includes a few tips on how to get low price bitcoin on localbitcoins and discuss how to do a cash deposit through localbitcoins
among other payment methods.
Both seasoned and beginners will find all the answers regarding how to buy bitcoins from localbitcoins on this review.
But, first things first…
How to buy bitcoin from localbitcoins?
Buying bitcoins from locabitcoins is relatively easy compared to other bitcoin platforms. Learning how to buy btc from localbitcoins is also very simple because navigating the interface is straightforward, even for new bitcoin buyers. Here is how to buy localbitcoins first time buyer:
The first step is signing up for a free account (for new users). Existing users can skip to step 2.
The second step is logging in and finding local sellers (advertisers) with the best btc prices, and suitable payment method(s). Step three is initiating trade with your preferred seller and transferring money to the seller’s account according to the seller’s terms of trade.
Other verification methods may be required depending on seller. The fourth and last step is receiving bitcoins to your localbitcoins wallet.
How to buy through localbitcoins using custom advertisements
For those with a clear idea of what buying price they want and they have time to wait, creating a trade advertisement to announce your intention to buy bitcoins at your specified price is also an option. You can do this by simply clicking on the Post a trade button.
How to create your buyer advertisement
Clicking on Post a trade takes you to the advertisement posting page where you are provided with five sections to specify your trade requirements.
The first section describes all the trade agreements and requirements. Follow each step correctly and fulfill all the verification processes to facilitate smooth trades.Choose the trade type: Buying or selling.Enter your location (street address, city, or postal code, for local trades; country for online trades).
Select the payment method and the currency you wish to use for the trade.Set your margin. A negative margin means you are willing to buy bitcoins over the prevailing market price and it will attract more sellers. A positive margin does the opposite; it shows your willingness (or intention) to pay below the market price which attracts less attention from sellers.
Leave it as 0 – Zero – if you are not interested in margins.Determine the minimum and maximum amounts per transaction (optional).Set your opening and closing hours which basically means the time you are expected to be available online, and detail your Terms of trade (optional for buyers).
Specify how long (in minutes) it will take you to complete payment when trades are initiated.Select the security options to include trusted people only (marked as trusted), identified people only (ID verified), or people with verified phone numbers (SMS verification required).Publish your buying advertisement and wait for sellers to contact you.
What is the easiest way to buy bitcoins on localbitcoins?
The easiest and most recommended way to buy bitcoins on localbitcoins is to find local traders dealing in easy local payment methods and currencies. Payment methods and currencies vary from country to country (or from city to city).
For instance, if you’re looking for how to buy btc from localbitcoins inr, go to the search filter and change the location to India – the currency switches automatically. All traders in India and all their preferred payment methods (e.g. IMPS Bank Transfer India), as well as their prices per 1 BTC and the amount limits, are clearly listed in Indian Rupee for you to select the deal that suits you best. Each row represents one advertiser.
Here is why you should buy from local advertisers.
All local buyers are listed in order from the lowest to the highest exchange rates, and their limits are tailored to specific economies or regional trends.You can meet the sellers in person to build more trust.
However, this should also be done cautiously and in public places. Please note that Localbitcoins removed in-person cash payments in order to comply to European anti money laundering laws.
Using local currencies and local methods of payment allow for easier and relatively faster negotiations, and secure transactions that are familiar to both parties.
In the rare occasion where you come across unscrupulous traders, you can track down the seller physically using local law enforcement and prosecute them in a court of law to recover your money or get compensated for any other accruing damages. Going after fraudulent international sellers and recovering your money can be a bit tricky.
How to purchase bitcoins through a cash deposit through localbitcoins
If you’re looking for how to buy bitcoins with direct deposit localbitcoins, or how to buy on localbitcoins cash deposit,then follow the steps outlined below:
Log in and go to the homepage or buy bitcoins page and search for sellers with cash deposit as their preferred (or one of the preferred) payment method(s).Select advertiser and enter the amount of bitcoins you want to buy.
It will show you how much you should pay in your local currency.Receive sellers account number and make deposit.Confirm deposit and upload deposit slip as proof of completed cash deposit.Receive purchased bitcoins into Localbitcoins wallet.
The above simple steps should guide any buyer on how to purchase bitcois through a cash deposit through localbitcoins or any other method. If you have questions leave a comment.
Tagged With: How do you receive your bitcoins localbitcoins, How long to receive bitcoins on localbitcoins, How to anonymously buy bitcoins on localbitcoins, How to buy bitcoins online western union localbitcoins
Source : https://localbitcoinswiki.com/how-to...localbitcoins/
