Localbitcoins works with people power, essentially people from different countries exchange their local currency to Bitcoin and vice versa.
Contrary to almost all other Exchanges that operate like a stock market exchange type platform localbitcoins puts people directly in touch with other people.
This makes the process lean and fast, as there is no corporate overhead. You get your bitcoins instantly. Also, LocalBitcoins.com can support every payment method its user community supports. For every transaction, LocalBitcoins.com offers escrow or transaction service to protect the buyer of bitcoins.
Imagine being able to discuss or meet with the person you want to buy or sell coins from.
Localbitcoins makes this possible.
Sign ups are free at local bitcoins and can be done in under a minute.
Getting Started / Verification
As with almost legitimate exchanges of Bitcoin, identify verification is required to trade coins.
Verification with Localbitcoins is very fast and can often be done in minutes.
Localbitcoins as the name suggests only trades in Bitcoin.
The trading experience on Localbitcoins can vary day to day as it depends on the people you are dealing with.
Feedback and historic information on traders is kept so you know what kind of user you are talking with mostly.
Like ebay, this gives you some ability to pick and choose who you want to deal with.
LocalBitcoins is a great resource for somebody that wants to get started trading bitcoins quickly.
It has less risks to users than some traditional exchanges due to the fact it puts people directly in touch with eachother.
Mostly, it’s super easy to trade on Localbitcoins and if you don’t mind a little bit of extra overheard by communicating directly with your trading partner it offers some extra security as well.