LOCALBITCOINS – REVIEW AND FEEDBACK ON THE WORLD-FAMOUS BTC EXCHANGE

With the advent of digital currencies, many regular people without extensive financial backgrounds or intimate knowledge of cryptocurrencies have their interest piqued by the potential for making profits in an innovative way. This article will highlight a unique exchange, Localbitcoins, which was registered in the Finnish capital Helsinki in 2012.

Localbitcoins allows you to make transactions with the crypto currency, using direct transactions between the participants of the system. Unlike competing exchanges, there is no interference from the web administrator, giving you more freedom to experiment with your own trading style.

The clients of the management company comprise residents from 224 countries from around the world, and the work of the web resource is supported in the seven most popular languages, including:

• Chinese.
• Russian.
• German.
• English.
• Portuguese.
• French.
• Italian.

Control of the activity of the resource

In parallel with the growing popularity of the exchange, the best programmers have created an application for Localbitcoins which significantly increases the processing speed of information and incoming data, which can have at least indirect relation to this work.

There are also added security measures to protect the integrity of the platform, such as mandatory verification and an active campaign against the laundering of illegal proceeds.

Training

By registering for a Localbitcoins login and opening a trading account, a new user of the resource has a wide array of options for how to proceed. On the official website of the crypto exchange, training materials are presented that will help even players with minimal experience to make the right steps aimed at obtaining their first profit:

• Quickly buy and sell bitcoins (the only crypto currency that is quoted on the exchange).
• Study guidelines for the prevention of dangerous situations related to the protection of personal information and own savings.
• Get tips for automating your own trading using the capabilities of the crypto exchange.

Based on the above recommendations, you will not only learn how to use digital and fiat money with maximum benefit, but also work with them in your own outlets, including online stores.

Another important point, which every participant of the prepared Localbitcoins demo should remember, is the mass of advertising information, the quality of which is improving every year. It is these factors that indicate an increase in the professional training of developers of such products.

Most analysts that make up the Localbitcoins reviews share all of the web resource’s customers by the color of their labels – it is this that indicates the speed of decision making by the user:

• green – no more than five minutes;
• yellow – up to half an hour;
• Red – more than 30 minutes.

Purchase of the required digital currency When choosing a partner to conduct a potential transaction, you need to consider how much these methods of exchanging digital currencies are operating in your partner’s country of residence. You should pay tribute to this web resource. Clients of the site can use the following electronic purses, bank transfers, plastic cards, etc .:

• AdvCash;
• SWIFT;
• OKpay;
• Moneygram;
• Web Money;
• Bank transfers;
• Plastic cards (Visa, MasterCard, etc.).

Advantages and disadvantages of the crypto exchange

If you read about Localbitcoins reviews compiled by professionals and ordinary fans of digital currencies, the first thing that will catch your eye is the company’s foundation year and significant progress points since, which set it apart from other similar platforms.

Localbitcoins allows you to conclude deals with a huge number of cryptonyms, which, with a detailed analysis of this market, presents a huge potential for profits. Another plus is the high popularity of this site, which attracts the attention of the fans of cryptocurrencies from around the globe.