Aug 19, · Here’s how it’s done: Sign up to Coinbase. Complete your account verification. Go to Settings > Linked Accounts > Link a New Account button. Choose PayPal and log in to your PayPal account. Over ways to buy and sell Bitcoin. Select a payment method you like and trade directly with other people just like you! Sell Bitcoin Buy Bitcoin Bank Transfers. Receive payment for your Bitcoin directly into your bank account anywhere in the world. Exchange for Cash. Get paid in cash at your doorstep or at a convenient pickup location near. Localbitcoins is a p2p Bitcoin marketplace that provides a decentralized way to obtain and trade Bitcoin. Started in Helsinki in , the marketplace aims to connect those willing to sell and buy Bitcoins in a peer-to-peer way – that is, via direct user interaction without third party intermediation.
How to sell bitcoin on localbitcoinsHow to Sell Bitcoins on LocalBitcoins [Updated ]
Now buyer has 60 minutes to complete the trade request. Your trade is secure. As mentioned above, if buyer fails to transfer funds within 60 minutes time window then the trade will automatically get cancelled and your BTC will come back to your LocalBitcoins wallet.
Your Email. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. Skip to primary navigation Skip to main content Skip to primary sidebar.
On here, buyers and sellers agree on trade terms to carry out a transaction wherein the platform itself is used as an escrow. The website has a pretty simple interface and is very user friendly.
Transactions need to made in good faith with users who have a high rating, else chances are high that you may be duped.
Hope you have learnt how to use LocalBitcoins to buy and sell bitcoins. What are the commission rates charged on LocalBitcoins? How long does it take to send or receive Bitcoins to my LocalBitcoins Wallet? Transactions take between minutes when you are sending Bitcoins to your LocalBitcoins Wallet or when your sending Bitcoins out from your LocalBitcoins Wallet.
Transactions between LocalBitcoins Wallets is instantaneous. Commissions are charged on these trades. Also get insights on trading over here. Its a drop down icon, with more specific options integrated into it.
Similarly, one can click on Log in to access the user account. Registered users can proceed to search for Bitcoin sellers right away. Go to the main page and fill in the search form with the amount you want to buy, your location, and the preferred payment method. If you are not sure about the latter, just choose the option All online offers. Following your search, a number of potential offers from different vendors will show up.
You can check the reputation, trading history, and typical response time of each vendor indicated by the color of the circle.
You can also directly communicate with them to discuss the details of the deal. Naturally, it is recommended to opt for a vendor with a better reputation and a large trading history. Once the seller has been selected, you can start the actual trade by clicking the Buy button. Here, you will see more information about the trade. Make sure you read through the terms of the trade and agree with them; if not, just go back and choose another advertisement.
To start the trade, you have to specify the amount of Bitcoins you wish to buy, optionally type in the message for the vendor and click the Send trade request button. After submitting the payment, click the I have paid button.
Once the trader has received and verified your payment, your Bitcoin will be released from escrow and will be made available in your LocalBitcoins wallet. Overall, the process is quite straightforward. Besides, in case of doubt, the page features several hints on how to begin and contact the trader, how to pay online, and how to cancel the trade.
Similarly, it is possible to sell your Bitcoins through the platform. Fill in the amount you want to sell and choose the preferred payment platform. If unsure, choose the All online offers option. NOTE: some payment methods are considered high-risk. Since Bitcoin transactions are irreversible, it is recommended to opt for low-risk payment methods. You can read more about the risk levels in the Localbitcoins guide. Again, you will see more information about the trade.
Once you click the button, the bitcoins will be moved from your wallet to the escrow. The buyer will ask for your payment details e. After that, the buyer will pay for the bitcoins and confirm it to you. Bitcoin payments are irreversible, so there is no way to get them back even if the money from the buyer does not show up. Once you have received the money, you can scroll down and click the green Release Bitcoins button.
This will complete the trade. Apart from buying or selling Bitcoins through the existing advertisements, it is also possible to trade BTC by creating your own listings. The benefits of trading on Localbitcoins include:. A complete guide to getting started with Localbitcoins trading can be found here.