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February Scammers! Some people were able to get some back after deleting their account and waiting 14 days!! Beware nnamdi November been trying to get a hold of them since sep ; now in november still no response received.

However, that changed in as they had to comply with worldwide government regulations. The KYC process is just like on any other exchange — you need to upload a government issued document along with another written document like a electricity bill or similar public service bill that confirms your address.

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You also need to make a selfie with your document. On average, it takes less than 2 days for Localbitcoin support to process and verify your information.

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When it comes to fiat currencies, users are free to trade in any currency. However, no altcoins are supported and the exchange allows only trading with fiat currency for Bitcoin.

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Transaction Fees LocalBitcoins tends to keep things simple and leaves everything to the users. Keep in mind that standard Bitcoin network fees apply for all transactions.

Reviews LocalBitcoins is a popular Finnish crypto exchangewhich has been operating steadily on the market since It provides a wide range of services for crypto trading.

Instead, they charge higher exchange rates, so when making a trade, take that into account. Read our updated guide on best crypto trading bots.

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The traders post ads on the platform, stating accepted payment methods and exchange rates for purchasing or selling Bitcoins. Other users reply to these ads.

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They arrange to meet the trader in order to make a transaction, online or in person. LocalBitcoins also has a feedback mechanism and reputation system to help the users distinguish the legit traders from the scammers.

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The trading platform also offers a conflict-resolution service which helps users overcome any misunderstandings, and an escrow service in order to help establish trust between the parties. Top 3 coins for huge ROI in ?

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These are localbitcoins net is fake of the things that you should keep your eye on when it comes to trading.

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Instead, you should look for users who are actively selling Bitcoins. When it comes to communication, you should send a message to the seller requesting a trade and wait for their response. You should use only the LocalBitcoins interface.

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Read our updated review of Coinmama exchange here.

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