LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for the purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.
If you are interested in buying bitcoin from another user instead of going through a centralised exchange, you should consider using a marketplace like LocalBitcoins. A marketplace is useful for people who would not like to go through much KYC (Know-Your-Customer) identity verification. Marketplaces are usually riskier so be careful and only trade with those with good reviews. LocalBitcoins offer some basic protection with an escrow function.
Can be private, fast and easy
In-person trades require no personal information
Purchases of bitcoin can be made quickly via cash deposit
Beware of scams; always follow the rules!
Harder to buy large amounts of bitcoins compared to large exchanges
Slightly to significantly higher prices than regular exchanges; premium for higher privacy
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