Обзор
Обзор
A popular crypto exchange that provides opportunities for quick withdrawal of money and profitable exchange of crypto coins into fiat currencies.
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Полный обзор
LocalBitcoins is a cryptocurrency exchange from Finland (read reviews about the LocalBitcoins cryptocurrency exchange on the website This is a scam™). The site has been operating since 2012. The resource offers users a huge list of services for working with digital currency. Trading, storage, withdrawal and exchange of funds are possible on the site. Working conditions are transparent. The platform does not interfere with the activities of market participants.
Despite the positive reviews, many people wonder about the integrity and reliability of the cryptocurrency exchange. Can the site be considered fraudulent? Is it a scam? Or maybe a divorce? We suggest that you familiarize yourself with a detailed review of the exchange in order to draw your own conclusion regarding its security.
LocalBitcoins Trading Conditions
I would like to start my acquaintance with LocalBitcoins with the history of the project. At the origins was an entrepreneur and part-time programmer Jeremias Kangas. It was he who founded the cryptocurrency exchange. Over the years, the resource has become one of the most popular and largest in the world.
To the website
What’s so special about this exchange? First of all, how P2P works. Trading in digital currencies takes place through direct communication between users. They are in direct contact with each other. The administration of the exchange does not work with transactions. Trust in the service is based not only on complete freedom of action, but also on a huge choice of ways to conduct transactions. Transparent terms of the transaction, favorable exchange rate, high level of security are ideal conditions for a trader.
Buy
How does the exchange work? The user publishes an ad indicating the rate and payment methods. Another market participant responds to the request. Negotiations begin. Traders negotiate the terms of the deal. If cash payment is provided, an appointment is scheduled. If online transfers are a priority, a suitable payment method is selected. The LocalBitcoins exchange allows you to make transactions in any convenient way, even offline.
Traders are looking for suitable offers among those available on the site. A convenient search system speeds up this process. It displays the distance between the parties of the auction, informs the buyer about the reputation and the number of transactions of the “partner”. The exchange and sale rate is known in advance. The user has every chance to sell or buy bitcoin on the most favorable terms. If the user finds a great offer, he sends a request. After that, you need to talk with the counterparty and clarify the terms of the transaction. If there are no suitable offers, you can publish an order with your own conditions.
LocalBitcoin Trading Platform
The exchange is not only suitable for trading. You can create an online wallet. To work with the functionality of the site, you do not need to go through the verification procedure. Of course, there will be fewer offers, as well as tools. But this is enough for profitable trading. At any time, you can verify and get access to the full functionality. In addition, some “partners” prefer to work with someone who has confirmed his identity.
Account
The administration of the site localbitcoins.net took care of traders from different countries. The interface is available in several languages, including Russian. And in order for transactions to be as profitable as possible, the resource offers a wide range of ways to perform the operation. It is possible to escrow payments to protect the BTC buyer. As for the commission, it is set at 1%. The fee is paid by traders who are engaged in the sale of cryptocurrency. Well, one more argument in support of the good faith of the resource is open information about the location of the main office and the publicly available registration number of the company.
Account replenishment and withdrawal of funds
There are a lot of ways to conduct transactions:
- With the help of VISA and Mastercard. (both debit and credit cards are suitable).
- Through the services of Russian banks. (replenishment and withdrawal are available through Otkritie, Alfa-Bank, Sberbank, Tinkoff, Raiffeisenbank, etc.).
- Using the SWIFT international transfer system.
- Through EPS. Along with Russian systems, foreign ones are also used (in this list you will find Yandex.Money, Qiwi, PayPal, WebMoney and other payment systems).
- Cash (you can enter the gift card code or replenish your account through an ATM).
Opinions about localbitcoins.net
Traders love the LocalBitcoins resource and treat it with great respect. Not every platform works as easily. Not everywhere a high level of security is implemented and a large selection of functions is available. Market participants speak about the project in both negative and positive ways. Many people like the convenient functionality. For the Russian-speaking crypto community, it is important that the interface is available in their native language. Someone notes the reliability of the resource and the support of fiat money. Others like the currency deposit option. Those who are interested in profit growth speak well of the BTC rate. The site is really convenient, safe and popular. Money transfers within the exchange take a minimum of time. There are plenty of ways to make a deal.
But you just need to understand that the exchange does not control transactions. You need to make sure of the good faith of the “partner”. In addition, there are very few virtual coins. So far, it’s only Bitcoin. Perhaps, over time, the list of digital currencies will expand. Now it remains to trade BTC, be on the alert when looking for customers and respond in a timely manner to the blocking of the localbitcoins.net website. If access to the resource is temporarily unavailable, work through the “mirror”.
The regulator of the LocalBitcoins exchange
LocalBitcoins is a company registered in Helsinki. The activities of the exchange are fully compliant with the legislation of Finland. Unfortunately, the exchange does not have a valid license to work with cryptocurrency. The lack of permits is offset by the high level of security of users of the resource. The company that owns the exchange counteracts money laundering. In its work, it adheres to the relevant rules, while not restricting access to unique functionality. The administration of the exchange creates conditions for ensuring the confidentiality of data and guarantees the security of trade transactions. The sources of income received are open. This means that the funds received on the exchange do not fall under the category of “Money Laundering”.
The exchange is doing everything possible to reduce the number of fraudulent transactions. Transactions are tracked, traders go through the verification procedure. The management of the resource makes records of all financial transactions. Safe conditions have been created for users to trade in the market and store digital currency. There is two-factor authentication, you can create a “cold wallet”, and the BTC escrow option is available. Each trader can activate Login Guard so that the system remembers the web browsers through which the user enters.
Is LocalBitcoins a scam and a scammer?
LocalBitcoins stands out from other popular exchanges. This is not just a convenient platform for cryptocurrency trading, but a unique p2p service. The platform relies on direct communication between traders and customers. It is not surprising that it is trusted by tens of thousands of users from around the world. The popularity of the exchange is growing and there is an explanation for this. LocalBitcoins is a decent, reliable, and trusted site. An impressive period of work proves the safety of trading on the site.
Users work in conditions of complete decentralization. The exchange does not affect the activities of crypto market participants. The trader independently searches for offers that he considers profitable, and communicates with the client. The platform does not interfere in the negotiation process. The only thing that the localbitcoins.net site offers is a user-friendly interface and unique tools for trading digital currency. Every trader can get a good income because LocalBitcoins has a low level of commissions.
It is not difficult for the user to find a decent offer and create an order with certain conditions. A convenient search system has been created on the site. The management of the site also took care of the financial issue. Withdrawals take a minimum of time, and transactions are carried out online and offline. A huge plus for Russian-speaking users is the absence of the need for mandatory verification. Although, if you go through the procedure, you can get access to new tools. And the more opportunities, the higher the income. Real users have different opinions about the work of the exchange. Traders compare LocalBitcoins with other sites, notice the strengths and weaknesses of the site. The advantages usually include the following:
- A convenient set of unique features.
- High level of security.
- Favorable BTC rate.
- Unlimited freedom of action.
- Russian-language interface.
- Methods of performing operations familiar to the Russian crypto community;
- Instant in-system transfers.
There are fewer negative aspects. Due to the fact that the activity on the exchange is decentralized, users have to look for customers themselves. There is a risk of running into scammers and going into the red. To avoid such consequences, carefully choose counterparties. Work only with bona fide exchange participants. Other cons of LocalBitcoins:
- the ability to work only with BTC;
- there is no control over the security of trades;
- Temporary blocking of the official resource.
The last point is worth analyzing in more detail. Interruptions in the operation of the main site are not observed on the part of the exchange. Just in technical terms, there are no questions to the site. Limited access is the result of the work of Roskomnadzor. It is he who blocks the site. In such situations, you can use the official “mirror”. Interestingly, the exchange’s periodic lockdowns have only increased interest from traders. This affected the number of users and trading volume, the indicators soared.
What conclusion can be reached on the basis of the information received? LocalBitcoins is not a scam or scam. This is a promising and convenient site for trading electronic cash. The site works without interruption, largely thanks to the official “mirror”. Users can use the functionality of the exchange at any time, instantly withdraw money and make a deal.
You just need to be more careful. The exchange does not rule out meeting with scammers. A convenient and profitable site for traders often becomes a platform for financial scams. As a result, users have to choose customers carefully. Every trade is a risk. You have to put your money on the line and hope for a positive result, but this is a question for traders, not for the exchange. Still, LocalBitcoins fully corresponds to the description of a reliable, proven and convenient site. Participants in transactions are satisfied with the large selection of functions, which they repeatedly mention in their reviews. The exchange is used by traders from around the world, which once again proves the success of the resource.
Findings
LocalBitcoins is a reliable, sought-after and successful platform for crypto traders. It is a place to trade digital currency profitably. The cryptocurrency exchange operates on the principle of a p2p service. Users communicate directly with customers. The platform does not affect the outcome of the transaction, rather, on the contrary, it makes cryptocurrency trading more comfortable.
The exchange has been operating steadily throughout its existence. For quick access to accounts and transactions, you can use the official resource or “mirror”. The platform looks advantageous against the background of competitors. The exchange has many strengths: low fees, a high level of security and reliability, instant withdrawal of money. And one more important feature: LocalBitcoins supports fiat money.
At the end of the review, I would like to once again confirm that the exchange is not a fraudulent resource. This is not a scam or a scam. You can cooperate with LocalBitcoins. To learn how to do this most effectively, read reviews from real users.
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