Comment
Author: Admin | 2025-04-27
Scams and you need to use caution limits and liquidity: How Much Are You Buying? 7 LocalBitcoins itself does not impose any limits on its users. Users are free to decide on their own prices and limits. Pros No buying or selling limits imposed by LocalBitcoins Cons Some sellers will require ID verification for larger amounts Supported Countries LocalBitcoins is available in nearly every country. Liquidity will depend on the amount of buyers and sellers in your area. LocalBitcoins is not available in Germany or the state of New York. LocalBitcoins left New York due to the BitLicense. What Makes LocalBitcoins Different than Other Exchanges? The difference between Local Bitcoins and most exchanges is that with Local Bitcoins, you must physically meet up with or connect digitally to the person you are buying from or selling to. Local Bitcoins also used to be a great way to buy and sell Bitcoins anonymously, however Local Bitcoins did roll out KYC in March of 2019 on all customers who buy and sell a certain amount of coins a year. Payment Methods Accepted LocalBitcoins users are free to buy and sell using any payment method. The payment methods available to buyers will depend on what's available in your location. Pros Wide range of payment methods available Cons Many payment methods should not be used; like PayPal or any reversible payment methods privacy: Is Your Personal Info Kept Private? 6 LocalBitcoins requires email and phone verification for all users. It requires ID verification for
Add Comment