What is the best place to buy bitcoin with your local currency?
We all know that bitcoin is not accepted all around the world. But people from restricted country are still using bitcoin for some reason. When they try to buy bitcoin, sometimes they got scammed by the seller. But today i will discuss about a site, from there you can buy bitcoin by you local currency. I can assure you that if you follow their process, you will not be scammed.
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This site name is localbitcoins. Site link https://localbitcoins.com. Thousands of people selling bitcoin from different countries, even from restricted countries. You will find your local seller in that site.
Now a question, are there selling method is secured? Yes, they have a secured selling method.
Procedure: First you have to open an account in that site and verify yourself. Now go to that site and search you desired add. Click on that add and order how much BTC you want to buy. When someone order for BTC in that site, localbitcoins store that amount of BTC from the seller. So there is no chance that seller can go away without paying. Now start chat with seller and pay him in your preferred method. After making payment, message all details to the seller with proof that you have payed. After conformation from seller that you have payed to seller, localbitcoins will release BTC to you wallet.
If you have any question, you can ask in the comment section.
Hello @carnation, You have said the correct things. I am using that site to buy cryptocurrency, though in my country BTC is legal.
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@carnation Pretty good.