Hey guys i would like to ask a few questions about localbitcoins website 1.Is it trusted? 2.Where do i create a bitcoin wallet?I live in eu country. 3.CAn i buy bitcoins with my paypal account ? Thanks
1. I did 3 transactions in localbitcoins ..ans they went well. Yes they are trusted because seller's Bitcoin are kept in escro account for around 72hrs. of payment. 2. the site automatically creates wallet when you sign up. When you buy BitCoins; they gets add up in your wallet on the site. 3. There are a lot of seller there. Some accepts paypal; some don't. The payment method which they accept are usually written in their description box.
Wow thank you very much.Sounds great Another question : Can i use the bitcoins i've bought on this website on any other bitcoin wallet type website (term makes no sense i know )?
Actually; yes. All you have to do it to transfer the money from send money option to your another bitcoin wallet through the Wallet link. Then you can trade on that another site.
Will signup asap then.This sounds too good May i ask if you have ever tried to withdraw money to your bank acc?
1) The site itself is trusted, anyway it comes down to the seller you're dealing with. If some one has a descent reputation I'd go for a deal of 1k or less without a doubt. 2. blockchain {d0t} info 3. There are sellers who accept PayPal, though, due to high fraud, most of them may require some additional verification (documents, account screenshots etc) and/or do no more than 100$ a time, at least for first deals.
