STEEM CRYPTO CHALLENGE MONTH #3: THE BEST EXCHANGE

Dear @steemitblog , @steemcurator01 and @steemcurator02 and all steemians

I'm glad to take part in this challenge. And I want to write about my own best crypto currency exchange which is LocalBitcoin
I know there are a lot of exchanges scattered around the world of crypto. But I picked this particular one.

LocalBitcoins is a legit company which has been around since 2013. There have been very few complaints of scam, which in most cases were as a result of people doing business with users without track records. Deposits and withdrawals are handled with dispatch and this is why more and more people in many countries are signing up.

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Why I chose LocalBitcoin
When I was first introduced to LocalBitcoin by my friend, I admired the fact that there is secure trading in the exchange.

Here are other qualities of the LocalBitcoins exchange:
Secure trading: LocalBitcoins allows for secure trading through the use of several measures:

Reputation system – Each trader has a reputation rank and also public history records showing their past activities.
Escrow – When you request a trade, the traded Bitcoins are held on LocalBitcoins’ escrow service. The Bitcoins are released only after the seller confirms the trade is completed.

2FA (optional) – Whenever you log into your account you will be required to enter an additional PIN code sent to your mobile phone. This prevents people from hacking into your account. This option is not enabled by default.

Login guard – LocalBitcoins is also able to verify you are always logging in from the same browser. If a login from a different browser occurs, an email verification will be required.

Support and conflict resolution – LocalBitcoins has a support team ready to answer user questions and also resolve conflicts between buyers and sellers in case it happens.

Buying Bitcoin anonymously:
Until recently, LocalBitcoins acted as one of the main places you can still buy Bitcoins anonymously.

Currencies Traded:
LocalBitcoins supports the buying and selling of Bitcoins only. However, multiple clones have risen up such as LocalEthereum and LocalMonero. There are no official fiat currencies that the site supports, since the site itself doesn’t hold fiat deposits.
Deposit and Withdrawal Options
Transactions on LocalBitcoins are done from one individual entity to another. Therefore, only payment methods that allow for P2P (i.e. person-to-person) transactions are permitted on the LocalBitcoins platform. Therefore, LocalBitcoins allows its users to perform deposits and withdrawals using the following channels:
PayPal
Wire transfer
Mobile money (selected countries)
Western Union
Webmoney
Cash by mail
Cash (done in person)
The best prices are obtained when using payment methods that are not easily reversed. Therefore, purchasing with a payment method such as PayPal will be more expensive than a physical cash exchange because of the added risk of chargeback with Paypal

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In addition, LocalBitcoin is supported in so many countries like;

Indonesia Lebanon Angola Malta Bahamas, Benin Chile Ghana, Gibraltar, Grenada, Serbia, Guinea-Bissau, Tonga, Kenya, Finland, Namibia, Oman, Jamaica, Palau, Solomon Islands, Kyrgyzstan, Tunisia, Montenegro, Peru, Trinidad and Tobago, Sweden, Yemen, Bahrain, Belarus, Bulgaria, Colombia, Cuba, Cyprus, Algeria, Burkina Faso, Cambodia, Kuwait, Russian Federation, Saint Lucia, South Sudan, Tanzania, Turkey, Virgin Islands, British, Japan, South Korea, Malawi,Maldives, Netherlands, Botswana, Qatar, Saint Kitts and Nevis, Slovenia, Saint Vincent and the Grenadines, Sudan, Taiwan, Egypt, Gabon, Morocco, Uganda, Nigeria, Swaziland, Vietnam, Austria, Switzerland, Tajikistan, Guatemala, Honduras, Iraq, Mauritius, Nicaragua, Singapore, Somalia, Azerbaijan, Brazil, Brunei, China, Costa Rica, El Salvador, Georgia, Hungary, Israel, Jordan, Latvia, Micronesia, Seychelles, South Africa, Turkmenistan, Ukraine, Isle of Man, Kosovo and a whole lot.

In short, the few countries I know it doesn't support are; New york and Washington. If there are any I haven't mentioned, I'm sure it's going to be just a few.

LocalBitcoins Fees:

Registering, buying and selling Bitcoins on LocalBitcoins is completely free. LocalBitcoins users who create advertisements are charged a 1% fee for every completed trade. So basically, only the people who are actively promoting their services (i.e. makers) are being taxed.

In conclusion,
I view this exchange as a platform for beginners to register and start trading because of it's simplistic nature and it's security.
So, to me, it's just my best!
N/B: FOR INVESTORS IN THE HOUSE, INFORMATIONS HERE ARE NOT AN ADVICE TO CHANNEL ALL INVESTMENT TO THE LOCALBITCOIN EXCHANGE!
I'd continue from here another day!