LocalBitcoins.com is a peer-to-peer Bitcoin exchange marketplace where users can buy and sell Bitcoins to and from each other using various payment methods, including cash, bank transfers, gift cards, credit cards, PayPal, and 60 different payment methods.
Just create a free account on LocalBitcoins.com to get your free Bitcoin Wallet and start exchanging Bitcoin today.
Other Bitcoin wallets like Coinbase allow you to buy and sell your Bitcoin through ACH bank transfers.
However, LocalBitcoins.com gives you even more payment methods, if you want to get cash for your Bitcoin or buy Bitcoin using an alternative payment method like merchant gift cards.
How To Trade Bitcoins on LocalBitcoins.com
LocalBitcoins.com offers 2 different types of Bitcoin trades: Local Trades and Online Trades.
Online Trades are completed entirely through the LocalBitcoins.com trading platform with escrow automatically enabled and funded for Online Trades, which means that the buyer is protected by their escrow system.
Local Trades are completed face-to-face, and escrow is not automatically enabled, so Local Trades are usually made using cash, gift cards, or some other type of immediate payment method.
You simply search the LocalBitcoins.com Marketplace for various advertisements from other users to buy and sell Bitcoin, or you can post your own trade for other users to accept.
LocalBitcoins.com has a huge network of buyers and sellers, so no matter where you live, you’ll likely find other locals who are buying and selling Bitcoin.
You then either complete your Bitcoin exchange online or meet the other party in person to complete your trade.
Available Bitcoin Payment Methods on LocalBitcoins.com
- Amazon Gift Card Code
- Bank Transfers
- Cash by Mail
- Cash Deposit
- Cashier’s Check
- Chase QuickPay
- International Wire (SWIFT)
- Gift Card Code
- eBay Gift Card Code
- Moneybookers / Skrill
- National Bank Transfer
- Online Payment Services
- Online Wallets
- PayPal My Cash
- Postal Orders
- Walmart Gift Card Code
- Walmart 2 Walmart
- Western Union
- Prepaid Debit Cards
- Remittance Services
Pricing and Fees for LocalBitcoins.com
- Registering and Buying Bitcoins is Free.
- Bitcoin Traders who Create Advertisements Pay a 1% Fee for Bitcoins Released from Escrow.
- Transactions to other LocalBitcoins Wallets are Free.
- Transactions to outside Bitcoin Wallets average about 0.0001-0.008 BTC.
Take advantage of the LocalBitcoins peer-to-peer Bitcoin marketplace to buy or sell Bitcoins using a variety of payment options.
You can also Buy Gold with Bitcoin on BitGold for another method to cash in your Bitcoin for hard currency.