What is LocalBitcoins.com?
LocalBitcoins.com is a peer-to-peer bitcoin trading platform launched in 2012. It enables bitcoin users to trade directly with each other without going through a bitcoin exchange. The platform connects buyers who want to purchase bitcoins with sellers who want to sell their bitcoins for local currency.
Some key features of LocalBitcoins.com include:
- Trade bitcoins for cash, bank transfers, gift cards, and other payment methods
- Find local buyers and sellers in over 100 countries
- Trade bitcoins anonymously without verification if desired
- Use escrow service to ensure secure trading
- Access useful trading tools and charts
- Available as a website and mobile apps
LocalBitcoins.com makes bitcoin trading accessible to more people by facilitating over-the-counter trading. Its emphasis on privacy and lack of buying limits have contributed to its popularity in certain countries. However, the peer-to-peer nature means traders must be wary of fraud and scams when using the platform.