The site users post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking.
Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly.
How we are different
LocalBitcoins.com is de-centralized, embracing the nature of bitcoin.
Also, LocalBitcoins.com can support every payment method its user community supports.
For every transaction, LocalBitcoins.com offers escrow or transaction service to protect the buyer of bitcoins.
- Trade process duration from the creation of the user account to having bitcoins in your wallet is few minutes.
- LocalBitcoins.com payment method supports wide range of world payment methods.