Localbitcoins is buying and selling the platform for Bitcoins. It provides a facility where users can interact with each other on a personal level and trade Bitcoins with each other. It can be rightly called as a peer-to-peer trading site. The company started in 2012 by Nikolaus Kangas. Its headquarters are in Helsinki Finland. The company also has media coverage on big platforms such as Forbes and Business Week.
The platform has developed its worldwide presence where people can exchange their local currency into Bitcoins. The motto behind this company is to connect everybody to Internet economy and develop a community of Bitcoin enthusiast.
People can post an advertisement on this site and also mention the rate of exchange and mode of payment they would prefer. Thus, a buyer can connect with the seller directly eliminating any extra intermediary charges. An interested trader can reply to the advertisement and also meet the other trader in person. The purchase Bitcoins would appear in the LocalBitcoin wallet.
Other Cryptocurrency Exchanges to know: RippleFox, TradeSatoshi, Bittrex, BitcoinToYou, Cryptomate
This platform is totally decentralized and is not influenced by any government institution or entity. The Bitcoin transfers are instant and transactions are easy to process. LocalBitcoins is open to any partnerships from institutions or financial investors who may be interested in launching affiliate programs or invest in the Bitcoin venture.
