What is localbitcoins


what is localbitcoins

How to register on LocalBitcoins? Step 1: Navigate to the official website.

How to recover the LocalBitcoins password? Now check in your mailbox for the email verification code received.

what is localbitcoins

Then click on the link after which you can set a new login password. How to send cryptos on LocalBitcoins? How to receive cryptos on LocalBitcoins?

what is localbitcoins

Step 1: Login to your account. Step 2: Now 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.

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Step 3: From the list of advertisements, choose one from a trader with a good reputation score what is localbitcoins a high amount of trades. Step 6: Once the trader has verified that your payment has been received your Bitcoin will be released from escrow and they are instantly available in your LocalBitcoins wallet.

However, that changed in as they had to comply with worldwide government regulations. The KYC process is just like on any other exchange — you need to upload a government issued document along with another written document like a electricity bill or similar public service bill that confirms your address. You also need to make a selfie with your document. On average, it takes less than 2 days for Localbitcoin support to process and verify your information.

How to sell cryptocurrencies on LocalBitcoins? Step 2: Now in the search box fill in the form with the amount you want to sell in your currency, your location and choose a payment method.

what is localbitcoins

Step 5: Once you have confirmed that the payment has been made you can scroll down the page and select Release Bitcoins. Step 6: This will send the Bitcoins from the trade escrow to the buyer and complete the trade.