Bitcoin Peer-to-Peer – Opt 1
Bitcoin from LocalBitcoins.com
If you don’t have a friend who can sell you bitcoin and you don’t have a Bitcoin ATM nearby, then you might want to use a Peer-to-Peer (P2P) service like LocalBitcoin.com. This is a website where individuals can buy bitcoin directly from another person. It also allows individuals to sell bitcoins directly to another person. https://localbitcoins.com/ .
LocalBitcoins is an online platform designed to make it safe and easy for individuals to advertise and sell their bitcoins. What makes this system safe is that LocalBitcoins.com uses escrow wallets to hold sellers bitcoins when a buyer initiates a purchase. Once the seller receives payment, the bitcoin in escrow is released into the sellers LocalBitcoin.com wallet. From there you can transfer your bitcoin to another wallet.
- LocalBitcoins.com is based out of Helsinki, Finland and is the largest peer-to-peer service matching Bitcoin buyers and sellers who live near each other, enabling face-to-face or online transactions. Founded in 2012, they are the oldest crypto exchange with operations in 248 countries.
- At LocalBitcoins.com, people in various countries around the world can exchange their local (fiat) currency to bitcoins. When using the platform, you are dealing with humans and trade directly with another person either face-to-face or online. The focus is on individual users and the community.