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The consumers can also purchase bitcoins by simply filling a form for payment. The payment can also be confirmed through a voice call and SMS that will offer you 4 digit code. After a few minutes of payment confirmation, the bitcoins are transferred into your wallet. As a result of this easy payment system, people around many countries invest in this exchange.This exchange offers an average limitation of buying bitcoins.
After 4 times the limit is increased to $200 and reaches $500 in a week. The exchange takes 50 percent more charges than any other exchange on buying through credit/debit cards. In spite of high fees, people would rather buy through this exchange because of phenomenal rate of transactions. You can even trade bitcoins on this exchange simply by registering for it.
The exchange was founded in 2012 in Finland. This is one of those few exchanges that take a large number of payment methods. Due to direct selling or buying with all the individuals, this exchange does not offer the facility of credit/debit card payments. However, the users can use paypal method to transfer funds through credit cards. This exchange also requires different fees depending on the payment method selected by the dealers.
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Here, it is also important to mention that the purchaser will need to pay bitcoin network charges for transferring these into his personal wallet. Due to employing escrow payment method, it's considered as one of the exchange. Localbitcoins proves a fantastic platform for buying bitcoins if the sellers are selected carefully.
It's a massive customer database which proves that it has high liquidity. The platform is very user-friendly even for the beginners. It provides the facility of online insured wallets. What's more, it requires minimal fees for the transactions.Get began now and Get $10 worth of free bitcoin when you buy more than $100 value on Coinbase.