![]() ![]() ![]() Overall, LocalBitcoins is a reliable and user-friendly bitcoin exchange that offers a range of features and payment methods. However, LocalBitcoins has taken steps to address these issues, including hiring additional customer support staff and implementing new security measures. The exchange has been accused of being slow to respond to customer support requests, and some users have reported issues with fraudulent transactions. These include the ability to view transaction history, track prices, and set up alerts for price changes.ĭespite its popularity, LocalBitcoins has faced some criticism in recent years. The exchanges is easy to use, even for beginners, and offers a range of features that make it easy to buy and sell bitcoins. LocalBitcoins is also known for its user-friendly interface. This makes it easy for users to find a payment method that works for them, regardless of their location. These include bank transfers, cash deposits, PayPal, and even gift cards. One of the advantages of LocalBitcoins is that it allows users to buy and sell bitcoins using a variety of payment methods. The escrow system holds the bitcoins in a secure account until the transaction is complete, ensuring that both parties are satisfied with the transaction before the bitcoins are released. The exchange uses two-factor authentication (2FA) and escrow accounts to ensure that transactions are secure. LocalBitcoins is also known for its strong security measures. This means that users can buy and sell bitcoins at the market rate, without having to pay fees to a middleman. LocalBitcoins is unique in that it allows users to buy and sell bitcoins directly with each other, rather than through a centralized exchange. The exchange operates in over 200 countries, making it one of the most widely used bitcoin exchanges. LocalBitcoins is one of the most popular bitcoin exchanges in the world, with over 1.5 million registered users. The exchange allows users to buy and sell bitcoins in their local currency, using a variety of payment methods. LocalBitcoins is a peer-to-peer bitcoin exchange that was founded in 2012. LocalBitcoins is a global P2P platform that operates in more than 200 countries, and it is considered one of the safest and most reliable platforms for P2P trading. This platform allows Iranians to buy and sell bitcoin using local currencies, including the Iranian rial. Some of the payment methods provided by BitcoinVN and VBTC are: Bank Transfer, Cash.ĭepending on the payment method, it could take anywhere from a couple of minutes to days for the funds to arrive at the exchange.One of the most popular P2P trading platforms in Iran is LocalBitcoins. To begin buying bitcoin and other cryptocurrencies you will need to link a bank account or credit card to the exchange. In most cases your verification will be approved instantly and at most can take 1-2 days. To complete this step you will need your photo ID readily available to take pictures of both the front and back sides of the document. This is an unavoidable legal requirement for almost all exchanges in Vietnam. The platform you end up choosing will depend on your preferences and the cryptocurrencies and payment methods they support.Īlso it's important to note that you can always sign up to other exchanges later.Īfter signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process. Both exchanges are considered to be beginner-friendly and offer multiple deposit methods and a variety of cryptocurrencies.Įxchanges will differ by fees, security, payment methods, and other features, so explore the "info" tab on the exchanges listed above to find which one is the right fit for you. ![]()
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