LocalBitcoins appeared in 2012 in Finland. Users from almost all over the world can perform trading operations here. The site interface supports Russian, Spanish, English, Portuguese, Chinese, Italian. API in Python is available.
On the LocalBitcoins platform, users place orders to buy or sell cryptocurrency, specify the exchange rate, method of money transfer, and transaction limits. All this information is specified in the order. If there is someone willing to buy or sell the specified amount of crypto coins at the specified value – the transaction is confirmed, the order is closed.
The developers of the platform have done everything to make transactions as safe as possible. The site provides a rating system and escrow accounts, you can add reviews of other users. In addition, a person can apply to tech support to resolve a disputable situation. New users cannot make large transactions. To increase the limit, it is necessary to successfully make a payment several times.
It is possible to transfer tokens to the wallet address specified by the buyer only after the payment is received, which avoids situations when a person suddenly cancels the transaction and takes the coins for himself.
Too many rules have appeared on this crypto exchange. There was a time when everything was fine. I understand that regulators are cracking down on crypto exchanges.
I used to buy and sell on LocalBitcoins, it wasn’t bad, but I had to leave. Regulators are doing their thing…
Dealt with this exchange company for quite a long time. Good impressions. How things are now, I don’t know.
please recommend the most honest and loyal crypto exchange.
Previously, there were many sellers with different courses, but documents were rarely requested, now verification has been made mandatory. Now verification is practically required everywhere.
It’s a great exchange, I’ve been working on it for several years. Yes, the rules have changed, but there is still potential in it.