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The users can also buy bitcoins simply by filling a form for payment. The payment can also be confirmed through a voice telephone and SMS that will offer you 4 digit code. After a couple of minutes of payment confirmation, the bitcoins are transferred into a wallet. Due to this simple payment method, individuals 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 fees than any other exchange on buying through credit/debit cards. In spite of high fees, people prefer to purchase through this exchange because of phenomenal rate of transactions. You can also exchange bitcoins on this exchange by simply registering for it.
This exchange was founded in 2012 in Finland. This is one of the few exchanges that take a large number of payment methods. Due to direct selling or buying together with the individuals, this exchange does not provide the facility of credit/debit card payments. However, the users can use paypal technique to transfer funds through credit cards. This exchange also requires different fees depending on the payment method chosen by the traders.
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Here, it's also important to mention that the buyer will need to pay bitcoin network fees for transferring these into his personal wallet. Because of employing escrow payment method, it's considered as one of the exchange. Localbitcoins proves a good platform for buying bitcoins if the sellers are chosen carefully.
It has a massive customer database which proves it has high liquidity. The platform is very user-friendly even for the beginners. It provides the facility of online insured pockets. Moreover, it takes minimal prices for the transactions.Get started now and Get $10 worth of free bitcoin when you purchase more than $100 worth on Coinbase.