A decentralized platform enabling direct Bitcoin Cash (BCH) trading with no intermediaries, facilitating over-the-counter trades for national currencies and other cryptocurrencies.
LocalBitcoinCash is a peer-to-peer exchange platform where users can trade Bitcoin Cash (BCH) directly with each other without going through a third-party. It provides an escrow service to ensure the security of P2P trades.
On LocalBitcoinCash, people post trade advertisements where they state the payment methods they accept and the price they are willing to buy/sell BCH for. Other users can browse through these ads and decide which offer works best for them. Once an agreement has been reached, the seller will deposit the BCH in escrow. The buyer will then pay the seller according to the agreed upon payment method.
After the seller confirms payment reception, the escrow will release the BCH to the buyer's wallet. LocalBitcoinCash supports over 300 payment methods including bank transfer, cash in person, PayPal, gift cards and more. There is also a feedback system to rate users after trades.
The main advantage of trading on LocalBitcoinCash is that the process is largely anonymous and much faster than traditional exchanges, which often require ID verification and take days to transact. Overall, it provides a way for people to access and trade Bitcoin Cash privately without going through know-your-customer (KYC) procedures.
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