In this opportunity, it will show you step by step how to buy Bitcoins on LocalBitcoins, one of the exchange houses favorite up until the moment in particular because it has lower fees between this type of platform. This is a system that I have used for a couple of years ago and my experience until now has been pretty good. It is a platform that has proven to me to be very reliable, very safe, and the best part is that it is very easy to use. Despite the fact that it only works with Bitcoins, this platform is currently one of the exchange houses major. This is thanks to two factors: it is working with the criptomoneda more important in the world and the good service that it provides to all its users.
Contents
How to buy Bitcoin on LocalBitcoins?
1 – Search for seller first to buy Bitcoins on LocalBitcoins is that you have created your account and have it verified and after this, find a good seller that sell the amount of Bitcoins that you want with the methods of collection with which you want to pay. To do this, once you have your logged in you must look at the horizontal list of options that you have at the top of the screen. Main screen of LocalBitcoins for buying / selling of Bitcoins With these filters you can place the amount of Bitcoins you want to buy, the currency in which you want to make the purchase, the country you are in, and the form of payment that you have available to make the change. Then it will show the search based on the data you’ve entered. Screen LocalBitcoins to buy bitcoins online On the results you’re going to get a total of four columns of data that will help you have all the information you need on that supply of Bitcoins. Trader, form of payment, the price of Bitcoin and the limit is not more than the maximum amount and minimum that a seller changes for each transaction. All of the options that shows you LocalBitcoins are ordered by the unit price of Bitcoin, in this way you can observe in the first place the cheapest deals to buy your cryptocurrencies. Once you get the offer that you like, it is time to move forward with the process. 2 – Check the reputation of the seller once you’ve filtered the options and selected the one that is more pleasing to you, you should review the data of the seller to know if in fact it is reliable. To do this you just have to click on the user name of the seller that is located in the column of “Merchant” in the results of your search. Once you do the system will take you directly to your profile. There you’ll be able to see all the information you need to confirm that you are doing business with someone you trust. Screen LocalBitcoins with the user profile 3 – Concrete the purchase If you already signed the seller you selected is reliable, just need to finalize the purchase. To do this you just have to click on the button that says “buy” next to the option of your preference. LocalBitcois: Screen with the options to buy Bitcoin By clicking on “buy” the system will take you directly to the page where you can make the purchase of your Bitcoins. Screen LocalBitcoins to buy bitcoins On this page you have to add the amount of national currency that you want to change, the same system will tell you what is the amount of Bitcoins corresponding to taking into account the price set by the seller. After you place the amount you can leave a comment to the seller to begin the transaction, or press directly the button “send sharing request”. When you click this button a new tab will open, where you can view your chat with the seller, and a button to confirm your payment once you’ve made. In this screen LocalBitcoins you can leave a message to the seller On some occasions you’ll find that the platform will give you the data corresponding to the seller to make the payment. In other cases you’ll have to wait for the same seller to send you the data through the chat. Once you have made the payment you just have to click on “Mark payment as completed.” Finished this process, you just need to wait for the seller to check the payment and to release the Bitcoins in your virtual wallet. And ready: if you followed all of these steps you ALREADY made YOUR PURCHASE ON LOCALBITCOINS!
How to sell Bitcoin on LocalBitcoins?
1 – Find a buyer LocalBitcoins gives you two options for you to sell your cryptocurrencies. The first of them is to search the ads of buyers of Bitcoins in the system. One of the features of LocalBitcoins is that you can get in touch with buyers and sellers of digital currencies through ads. You yourself have the freedom to choose the offer that is more pleasing to you to buy or sell your Bitcoins. The second way is to post your own ad and wait for some buyer to contact you. To sell your Bitcoins it is necessary to press the button of “quick sale” or on the button of “Sell Bitcoins” link at the top left of your monitor. Options available from LocalBitcoins to sell Bitcoins once you do this you must look in the search bar you have on the top of the screen. Options available on LocalBitcoins to sell your Bitcoin This is a filter bar that will help you to find the ads, with proposals that are most suitable to you. In this bar you need to specify the amount of money that you want to change, the type of currency according to the country in which you are located, the country in which you are and the type of payment you wish to receive. LocalBitcoins has the advantage that it includes many types of payment so that the users of the system will have a greater convenience when making purchases and sales. This means that to find a payment method that suits you or the country in which you are shall not be a drawback. Once you’ve completed all of these data you just have to click on the “Search” button and the deals you’re looking for will appear at the bottom of the search bar. 2 – Choose the best buyer, When you click on the “Search” button, you can see that the ads are separated into two categories. On the one hand you’ll be able to find ads for online sales. These are the most common and practical because you can receive payment electronically through the platform of your choice. Screen with the available options of LocalBitcoins to sell your bitcoins like to purchase, in the list of options you’ll find four columns with important information that you should keep in mind. Buyer, the form of payment, price/ BTC, and limits: Here you can see the amount of money minimum and maximum that the buyer is willing to handle for each operation. 3 – Verification of reputation of the buyer once you have selected the ad you like the most about it is time to check out the reputation. For this you just have to click on the user name that is in the column of “Buyer”. Then, check the reputation considering their numbers, exchanges, scoring, and comments. Screen LocalBitcoins to verify the reputation 4 – Concrete sale of your BTC To do this you just need to go back to the listing and click on the button that says “Sell”, right next to the ad. Options available on LocalBitcoins to sell your bitcoins When you do that LocalBitcoins will take you directly to the page to finalize the sale of your cryptocurrencies. On this page you just need to place the amount of Bitcoins you wish to sell, immediately on the same platform will do the conversion to the amount of national currency it represents and that the buyer must pay. Once you’ve placed the amount of Bitcoins, you just have to click on the button that says “Send sharing request”. When you do this a new page will open in which you can discuss directly with the buyer to arrange the payment details. In this part of the process must be as specific as possible to avoid to have errors. Once the buyer has made the payment should confirm it through LocalBitcoins. Screen LocalBitcoin where it is confirmed the application of exchange When you do this you just need to confirm the payment through the appropriate media and click the button of “Free Bitcoins” so that the coins out of your wallet and go to the buyer. When you release your Bitcoins sale is to be completed and you will have your money. As you can see, the process is very simple. Just be aware that the reputation of the buyer is good. If you follow all of the steps that I gave you, you can sell your Bitcoins on LocalBitcoins in less than 10 minutes. You must keep in mind that some payment methods may take longer than others to become effective. It is important that you consider this at the time you finalize the sale. I recommend that you report on the payment method you will use to make sure that you can have your money as quickly as possible. This applies especially if you are going to receive the payment through bank transfer or mechanisms that require checks long In our next installment I will give you some tips important to have in mind at the time of buying and selling of Bitcoins on this platform. The following two tabs change content below. Advocate, enthusiast of new technologies, believing that Blockchain and Bitcoin will bring development to the mankind.