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localbitcoins questions

Discussion in 'BlackHat Lounge' started by clr88, Dec 13, 2015.

  1. clr88

    clr88 Newbie

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    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
     
    Last edited: Dec 13, 2015
  2. HoneyHelper

    HoneyHelper Supreme Member

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    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.
     
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  3. clr88

    clr88 Newbie

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    Wow thank you very much.Sounds great :D
    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 :p)?
     
    Last edited: Dec 13, 2015
  4. HoneyHelper

    HoneyHelper Supreme Member

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    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.
     
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  5. clr88

    clr88 Newbie

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    Will signup asap then.This sounds too good :)
    May i ask if you have ever tried to withdraw money to your bank acc?
     
  6. HoneyHelper

    HoneyHelper Supreme Member

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    No. I just bought them to make payment in btc form. :)
     
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  7. Tozzy

    Tozzy Jr. VIP Jr. VIP

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    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.
     
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  8. TelepathyTim

    TelepathyTim Newbie

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    Also if you paying thru paypal, get ready to pay a high percentage above the actually bitcoin price