LocalBitcoins.com: How Not To Sell Bitcoins Online
Looking to move some BTC in exchange for fiat currency? Maybe you have a bill that needs quick payment? More of the digital currency market has been using services like LocalBitcoins.com this year than ever before. Think of LocalBitcoins.com as the eBay or Craigslist of the Bitcoin space. Its user interface is very eBay-like, but it performs most of its business in a Craiglist local meet-up style. This week, I gave them a whirl in my first real trade via their website. Trading BTC on LocalBitCoins. Wanted $100 in United States Federal Notes (Technically, all dollar bills are IOUs and are....
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Many people use LocalBitcoins for many reasons, but lately its volume has increased a lot. This, of course, brings up the question of what it means for Bitcoin. Is Bitcoin going mainstream, are people stocking up for a coming increase, or is LocalBitcoins one of the more convenient places to sell bitcoins these days? It's hard to tell if any, or all of these are the case. Indeed, LocalBitcoins is one of the fastest ways to get it done. After three confirmations, if you find a buyer, you complete your transaction and you have your money. Also read: Greece is not Buying Bitcoin. Unless you....
The process of purchasing bitcoins on a LocalBitcoins ATM will not require an Internet connection. It seems a few arrests in Florida are not going to slow down progress over at LocalBitcoins. LocalBitcoins ATMs are now in production, and users will soon be able to make local trades without having to find a human counterparty. Their ATMs will allow anyone to buy or sell bitcoins, and the most amazing feature of these new devices might be that they don't require an Internet connection to function. Instead of connecting with your phone, the LocalBitcoins ATM will give a user a redeemable code....
One of the most popular ways for users to buy and sell bitcoin has announced a change that is sure to upset German digital currency enthusiasts. LocalBitcoins.com took to their Twitter account on Monday to announce that their services will no longer be available to users in Germany. The announcement comes much to the displeasure of those reliant on the service to acquire or get rid of their bitcoins. LocalBitcoins.com has said the reason relates to "regulatory reasons," though the service didn't exactly specify which regulations were preventing them from continuing their operation in the....
Bitcoinist.net had the opportunity to talk to founder of LocalBitcoins.com founder Jeremias Kangas recently. Jeremias speaks at length about how he got started in bitcoin, government intervention, the current state of LocalBitcoin.com and where they are headed in the future. “LocalBitcoins.com is a marketplace for trading bitcoins locally to cash or online payments of your choice. LocalBitcoins.com facilitates peer-to-peer bitcoin transactions.” What is the history of LocalBitcoins.com – how did it get started?
Regulation and security is a major issue that enterprising people in the Bitcoin economy have to deal with on a day-to-day basis. Localbitcoins, is a Finland-based marketplace for connecting people to buy and sell the currency. Recently, the site experienced an event that is an example where banking authorities have shown their authority with concern to Bitcoins. In a blog post, Localbitcoin's Andrei Zillo relayed the story of his company's Swiss bank account being frozen by authorities there because of a large Bitcoin transaction. A customer that Localbitcoins had done business with in....