- One of the most private ways to purchase bitcoins
- No buying or selling limits
- Easy to Use, Human-to-human direct transaction.
- No political intervention. No third party is involved.
- Buys made with cash deposit generally deliver bitcoins within 1 hour
- Available in nearly every country(248 countries and about 14000 cities)
- No ID verification required
- Support is usually quick to respond to all issues
- Buy, Sell bitcoins with your local currency (cash)
- Peer-to-Peer (P2P) Bitcoin exchange platform
- Buy bitcoins with many payment methods
- In-person cash trades are fast and easy to organize
- One of the oldest Bitcoin exchanges since 2012
- Company based in Helsinki, Finland.
- Not suitable for large buyers
- Trading Fees 1%
- Some payment methods such as PayPal, may have reversible payment features; which may prove to be risky.
- Fees can be slightly high when buying with cash, since many people are willing to pay extra for the privacy LocalBitcoins offers
- Some sellers will require ID verification for larger amounts.
- Reputation of exchange is good, but need to check reputation of each user on the exchange. Check for scammers. Be WISE and alert!
- The speed of transaction would depend on payment method.