The Bitcoin is word talk around the globe. The numerous entrepreneur waiting in doorstep to invest in cryptocurrency trading platform. There is a lot of cryptocurrency trade site with features to protect their trade but, Localbitcoins has a unique identity and best features to inspire the trader.

Let us explore the Localbitcoins features

Localbitcoin is the oldest trading site since they sailed 7+ years in Finland. The people from different countries can exchange their local currency to bitcoins. There are three foremost features

1.Peer to Peer exchanges

A Peer to Peer exchange (P2P) is a seller can directly communicate through the buyer using chat option. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. Your reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking.

2.Escrow system

Whether the seller trusts the new person on the site is called escrow. The escrow searches the nearest buyer through seeing the post ad, location, and matches both the buyer and seller. Then, a buyer can give fiat money to buy the bitcoin. After the process, the escrow releases the fund to the seller. For, each trade escrow takes commissions for both seller and buyer.

3.KYC method

KYC(know your customer), if you are making a large transaction, the seller may require it. It is a process of obtaining relevant identifying information about the customers of a service. The main purpose of this to ensure there are no anonymous traders in the platforms.

There are also so many security features available like two-factor authentication method, Multi-signature wallet, Support chat, Safe transaction payment.

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