How do I not get scammed on LocalBitcoins?
Agree to trade with the seller outside of LocalBitcoins since you will not be protected by LocalBitcoins’ escrow service. Send your payment information in any other way other than the LocalBitcoins message box. No emails, text messages or phone calls. Use the LocalBitcoins interface only.
How do LocalBitcoins make money?
You can link to any individual page, such as country listing or payment method listing, or anything else on LocalBitcoins.com. You will earn bitcoins from the users who 1) arrive to the site through your affiliate link 2) register and 3) make trades. A visitor will be considered as your affiliate for 3 months.
How does LocalBitcoins work?
LocalBitcoins is a peer-to-peer Bitcoin exchange. We are a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer.
Is LocalBitcoins legal?
Originally Answered: How safe and legal is buying bitcoins with cash through LocalBitcoin? It is perfectly legal. And, as long as you deal with reputable dealers, it is perfectly safe. Once you initiate a trade the seller places the BTC into escrow.
How do I verify Tier 2 on LocalBitcoins?
Tier 2: Proof of address Tier 2 verification requires you to prove that you live at a certain address. This proof of address verification can be done by providing a recent utility bill for example.
Is LocalBitcoins safe to use?
For every trade, LocalBitcoins offers escrow protection to ensure the bitcoins and both traders are safe. The trade process from the creation of the user account to having bitcoins in your wallet takes only a few minutes. LocalBitcoins supports a wide range of payment methods.
How long does BitQuick take?
The most efficient way to get hold of someone at BitQuick is through the online form or through their email address. Of course, they are also pretty responsive on their social channels such as Twitter and Facebook. The average response rate to tickets seems to be about 1 business day.
Does LocalBitcoins do KYC?
In order to comply with the applicable legal requirements and to meet anti-money laundering and terrorism funding prevention regulations’ criteria, LocalBitcoins requires verification to know who its users are.
Is it safe to keep Bitcoin on LocalBitcoins?
Are you asking if it’s safe to store the bitcoins you buy from LocalBitcoins, in your LocalBitcoins wallet? It’s relatively safe, but the safest option is to transfer them to your own wallet (this will cost you a small Bitcoin transaction fee, which works out at currently between 1 and 3 US dollars).
How do I verify my LocalBitcoins account?
When verifying for T1, users will be asked to answer a short questionnaire, to inform their address and to verify their identity. When verifying your ID, make sure to use high resolution and unedited pictures of a valid supported document. The images must be originals, not scanned or pictures of photocopies.
How do I buy referrals on LocalBitcoins?
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- Register. Register an account with LocalBitcoins.
- Search for advertisements. Go to the main page and in the search box fill in the form with the amount you want to buy in your currency, your location and choose a payment method.
- Select an advertisement.
- Pay the seller.
- Mark payment complete.
How long does it take to verify LocalBitcoins account?
Please note that the average wait time is 1-3 days. However, some cases may take longer. We appreciate your understanding. When verifying your ID, make sure to use high resolution and unedited pictures of a valid supported document.
What is LocalBitcoins and how does it work?
Registered users can use LocalBitcoins to advertise, buy, and sell Bitcoins, without having to use a conventional CEX exchange. With LocalBitcoins, it is the individual sellers who set the conditions. For this, and several other reasons, the platform is often compared to Amazon or eBay.
How are USD values calculated on LocalBitcoins?
Coin Dance | See which countries are seeing the most Bitcoin trade volume on LocalBitcoins. USD values are calculated based on the total BTC traded for the week and do not account for spread, fees, etc.
What are the account verification levels for LocalBitcoins?
LocalBitcoins has 2 account verification Tiers for the companies: Tier A and Tier B. Tier A for the start of the account’s activity, Tier B when the annual trading volume reaches 500,000 EUR. In both levels, the company’s representative should fill out the verification application form and provide supporting documents.
How to buy and sell Bitcoins on LocalBitcoins?
Another important filter is the payment method, since, depending on the seller, you could use LocalBitcoins to trade Bitcoins with PayPal, cash, or a variety of other methods. At the edge of each offer, you will see a “Buy” or “Sell” button.