LocalBitcoins is a popular peer-to-peer (p2p) Bitcoin exchange. Let's take a look at the possibilities this exchange offers to see if it is right for you.

LocalBitcoins was founded in 2012 by Jeremiah Kangas in Finland, although the exchange is now headed by Nicholas Kangas. The platform quickly gained popularity and its services are now available in over 240 countries. More recently, the company also launched a subsidiary called LocalEthereum, which supports p2p operations for the sale of ether.

The platform directly connects buyers and sellers with over 40 payment methods.

As the name suggests, the LocalBitcoins platform only supports bitcoin trading, allowing traders to use a wide variety of fiat currencies, including US dollars, euros, pounds sterling, Australian dollars (AUD), Canadian dollars (CAD), Chinese yuan (CNY) and 120 other currencies. ...

The platform is available for residents of 248 countries and 7789 cities around the world. Countries that are unable to access LocalBitcoins due to regulatory issues and international financial restrictions are the United States, China, Indonesia, Syria, Iran, and North Korea.

LocalBitcoins interface works in all major web browsers, as well as computer and tablet operating systems (Windows, Mac), while the mobile application is only available for Android devices.

The interface of the LocalBitcoins exchange has a simple and straightforward design that allows each user to find what they need without having to navigate the site unnecessarily.

The Local Trader mobile app for the LocalBitcoins exchange is an open source software for Android devices. However, there are reports that the app has a lot of bugs and logon issues.

Registration and verification at LocalBitcoins
Go to the LocalBitcoins website and click Sign up free;
Enter: username, email, password (twice), captcha; click "Register";
In your email inbox, click the link to confirm your email address;
You are taken to a page where you need to indicate your name, surname, country code of residence, telephone number, country of residence, estimated trade turnover in euros, the answer "yes" or "no" to a question about your political significance;
On the next page, when you enter the code sent to you in SMS, you will find yourself at the initial "level 0", which does not yet allow you to make transactions.
You can only get into your account in order, for example, to pass verification at levels 1, 2 and 3 in order to truly expand your trading opportunities. Even a simple replenishment of your account with bitcoins will first require you to verify with an identity document.

In order to pass further levels of verification, in the upper right corner, you need to click the arrow next to the silhouette of a person and select "Options"> "Verification"> "Go to the next level". You will have to go through the suggested verification steps to improve your status on Localbitcoins. At the same time, “level 0” implies a volume of transactions of no more than € 1000 per year, “level 1” - up to € 20,000, “level 2” - up to € 200,000, “level 3” - an unlimited volume of transactions.

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