localbitcoins.com - Is best site to sell or buy Bitcoin guys?

SEOking222

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Hello everyone, I wanna ask if localbitcoin.com is best choice for trading?

Should I look for any-other site for trading?
 

markos87

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it a good site to trade bitcoin but you have to watch out, deal with small transaction with some different users with high rep.
i did many transaction there and i got scammed once for 85$ (paypal chargeback) from a deal that was too good to be true
 

Viraff

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Yes they are absolutely safe, you can buy bitcoins without any problem there. But watch for trades which use paypal or other kind of payments.
 

SEOking222

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it a good site to trade bitcoin but you have to watch out, deal with small transaction with some different users with high rep.
i did many transaction there and i got scammed once for 85$ (paypal chargeback) from a deal that was too good to be true


Thank you for the information - I will try to get payment directly to my local bank account instead of Paypal.
 

ePrime

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If you are a seller: yes. Because Bitcoins are generally sold for higher than market price (a few countries are exception) in LBTC. However, the process is very slow. In exchanges like Polo, Bittrex or Kraken... you simply list your BTCs and then you don't have to do anything but in LBTC you have to deal with the buyer and answer their questions etc...

If you are buyer: no. Use this chart https://coinmarketcap.com/currencies/bitcoin/#markets to check what exchange has the lowest price and see if you can trrade there (some exchanges are no-fiat, some are geo-restricted...).
 

WrT

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I have heard quite some stories where people got robbed when dealing on localbitcoin with cash. So if you buying/selling for cash, always take a few friends with you! Other than that it's pretty safe. But don't buy giftcards and such, alot of illegal stuff. And as always, low reputation sellers are to be avoided.
 

veki971

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Try https://paxful.com/ it offers a variety of payment methods, but if u are selling BTC be very careful if you are accepting any rechargeable payment (PayPal, Skrill...), also anything connected to credit cards can be dangerous, cards might be stolen. So even if someone is paying via Western Union and u receive cash, he might be paying with stolen credit card and that is not good for you. They are very creative, be very careful.
 

Gogol

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I have done a few exchanges from there as well. They are totally safe as per my observation. :)
 

SEOking222

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Thank you guys for your quick answers - I will be using this site with reputed sellers! Thx again.
 

AstralKing

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Depends on your country. There's a few sites listed on this page for exchanging:

https://bitcoin-wallet.net/bitcoin-wallet

If you're in the USA or Canada things are different for regulations.
 
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