Buying and selling bitcoins online on localBitcoins
Buying and selling bitcoins online on localBitcoins Why to trade bitcoins online on LocalBitcoins.com? LocalBitcoins trade happens person-to-person, also known as over-the-counter (OTC) trade. People like to buy and sell bitcoins OTC because it allows fast transactions and more diverse payment options. Centralized exchanges are often slow, so selling directly to the users of same bank or payment provider makes the money move faster. The wide variety of payment methods enables wider audience to access the bitcoin trade. If you want to buy or sell large amounts of bitcoins, a good strategy would be to trade the bitcoins directly in p2p-fashion, offering diverse set of payment methods. You can use some more intelligent pricing using the localbitcoins pricing formula system. You can also be a "liquidity provider" on localbitcoins by setting up your own online buy/sell advertisements. This means that you offer speedy cash out or buy-in to the people who need it, and make pro...