LocalBitcoins.com: About the company.

LocalBitcoins is a platform for buying and selling bitcoins between individuals.

In LocalBitcoins, users from different countries can change their local currency to bitcoins. Users can create advertisements with the payment method and exchange rate they prefer to carry out bitcoin trading operations with other users of LocalBitcoins. Responding to an ad will open the transaction chat and the escrow protection will automatically be activated. Escrow protects both the buyer and the seller, as the bitcoins are held until the payment is completed and the seller releases the bitcoins to the buyer. LocalBitcoins It also offers a web wallet from where you can send and receive bitcoin transactions.

Users, called merchants, create ads with the price and payment method they want. You can explore our website to find commercial advertisements with the payment method you prefer; You will find merchants who buy and sell bitcoin online with more than 60 different payment methods.

How to buy bitcoins on the website?

Step 1: Sign up.

Sign up for an account at LocalBitcoins. Get a free and secure online bitcoin wallet. No additional applications are needed. If you already have an account, skip this step and move on to the next one.

Step 2: Search for ads.

Go to the main page and in the search box fill in the form with the amount you want to buy in your currency and your location, and choose a payment method. If you are not sure how you want to pay, please choose "All online offers" as the payment method. The site will offer a list of bitcoin merchants available in your region.

Step 3: Select an ad.

From the list of ads, choose one from a merchant with a good reputation score and a high number of trade operations. The response time indicator shows whether the merchant typically responds in five (green), thirty (yellow), or longer than thirty (gray) minutes. You can click the "Buy" button to see more information about an ad.

Step 4: Pay the seller.

After pressing the Buy button, you will see more information about the ad, including the terms of the transaction. Please read them before submitting the transaction request. If you don't agree, go back to the previous page and choose another ad.

To start the transaction, specify in the blue box the amount you want to buy, write a message to the seller and click the Accept the conditions and send the transaction request button to start the process. Make sure you are prepared to pay by clicking the button; If you do not complete the payment before the payment period expires, the transaction will be automatically canceled.

Step 5: Mark the payment as completed.

When you have made the payment, click the I have paid button. When the merchant has verified that your payment has been received, your bitcoins will be released from escrow and immediately available in your wallet LocalBitcoins.

How to sell bitcoins on said site?

Step 1: Sign up.

Register for an account at LocalBitcoins. So, you will get a free and secure bitcoin wallet. No additional applications are required.

To sell bitcoins, you must first put them in your wallet. LocalBitcoins.

Step 2: Search for ads.

Go to the main page and select the QUICK SALE option in the search box. Fill in the form with the amount you want to buy in your currency and choose a payment method. If you are not sure how you want to pay, select All online offers as the payment method. You will be offered a list of all available bitcoin offers.

ATENTTIÓN: Some payment methods are considered high risk. Bitcoin transactions are totally irreversible. When selling bitcoins, there is no way to get them back, even if the buyer's payment has been revoked. This is why we recommend selling bitcoins to experienced users, as well as with a large number of operations carried out previously and 100% in the comments. Read more about the risk levels of payment methods.

Step 3: Select an ad.

From the list of offers, choose one from a merchant with a good reputation score and a high number of trade operations. The response time indicator shows whether the merchant typically responds in 5 (green), 30 (yellow), or more than 30 minutes (gray). You can click the sell button to see more information about an offer.

Step 4: Start a transaction.

After pressing the Sell button, you will see more information about the offer, including the terms of the transaction. Please read them before submitting the transaction request and if you do not agree, go back to the previous page and choose another offer.

To start the transaction, specify in the blue box the amount you want to sell, write a message for the buyer and click the Accept the conditions and send the transaction request button to start the process.

When you start the transaction, the bitcoins will be moved from your wallet to the escrow of the transaction.

Step 5: Wait for the buyer to make the payment.

After submitting the trade request, the buyer will ask for your payment details (for example, if you want to sell by bank transfer, the buyer can ask for your bank details). After providing their payment details to the seller, the buyer will pay for the bitcoins and confirm it.

Please make sure you have received the money in your account before transferring the bitcoins. NEVER send bitcoins if you have not received payment yet. Bitcoin transactions are irreversible; When sending the bitcoins to the buyer, there is no way to go back, even if the buyer's payment does not appear in the system.

When you have confirmed that the payment has been made, you can scroll to the bottom of the page and select Release Bitcoins. With this action, you will send the escrow bitcoins to the buyer and complete the transaction.

And that's all you have to do, congratulations on your first BTC trade!