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Author: Admin | 2025-04-28
Them to work. However, when you buy Bitcoin on an exchange - like Coinbase - you are using a third party. Some crypto fans don’t want to use third parties at all!Are peer-to-peer exchanges the cheapest way to buy Bitcoin? Let’s find out.Buying Bitcoins Peer-to-PeerOne of the most popular peer-to-peer exchanges is LocalBitcoins. LocalBitcoins is based in Finland, and allows its users to trade Bitcoins with each other directly. This means that you can use LocalBitcoins to buy Bitcoins from people in your local area!LocalBitcoins has traders willing to sell Bitcoin in more than 15,000 cities in 248 different countries. The traders on LocalBitcoins pay a fee to advertise their Bitcoin. Buyers don’t pay anything!There are many different payment methods available on LocalBitcoins. You can pay traders with PayPal, bank deposits, bank transfers, credit cards, and even cash!LocalBitcoins is one of the few exchanges that encourages its users to meet each other in person to buy and sell Bitcoin. This makes it a great platform for users who want to be a part of the crypto community. For security, LocalBitcoins has a user rating feature. It also has good customer support services. These include conflict resolution and escrow holding.It is important to be careful when buying Bitcoins peer-to-peer. Learn as much as you can about the seller before you buy. If you meet a seller in person, always do it in a public place and take a buddy with you! Did you know? Want to get smarter & wealthier with crypto?Subscribe - We publish new crypto explainer videos every week! Is LocalBitcoins the Cheapest Way to Buy Bitcoin Peer-to-Peer?There are no fees, and you don’t have to give any personal information when you buy Bitcoin with LocalBitcoins. Users can stay anonymous, and meet the crypto community! However, sellers often charge more for Bitcoins than some exchanges do. This means that LocalBitcoins isn’t always the cheapest way to buy Bitcoin.Other peer-to-peer Bitcoin exchanges include the Wall of Coins, Paxful, and BitQuick. These exchanges tend to have higher fees than LocalBitcoins, and offer fewer services. For example, Wall of Coins is only available in 12 countries, and BitQuick charges buyers a 2% fee.LocalBitcoins is the best and cheapest way to buy Bitcoin peer-to-peer.I know when I want some cash, I go to the ATM. Let’s look at where you can buy Bitcoin from an ATM.Buying Bitcoin from an ATMA Bitcoin ATM is a cash machine where you can buy Bitcoin. CoinATMRadar lists the locations of Bitcoin ATMs in over 60 different countries. Bitcoin ATMs can be fully anonymous. They are also a safer way to buy Bitcoins than peer-to-peer. However, Bitcoin ATMs can cost a lot more than other ways of buying
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